Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-02-01
J. E. R. RAY, Secretary Of Stqte.
Southern wealth and northern Prof

Southern Wealth and Northern Profits.
We make the following extract from the work Of
Mr. KErrELL. of New York, entitled. Southern
Wealth and Northern Profits. We advice all of our
readers who wis., statistical information upon the
produc. and trade Of the South procure this ex-
eellent work,
"We have followed briefly the progress which
each national section has made in the production
wealth, and have shown that the greatest results
all odds, have attended the Southern system
| "When we turn, however to accumulation and ms
session, different state of affairs present itself
Neither the West the South. hold much of what
| they produce. Wealth once extracted out of the
soil by labor eyinces strong affinity for the North
and tast( and then piles up, in magnitude, which
! daZ5les the OBSERVER As the opulent always be-
cOe pm proud, does the atIluent North regard
with degree of hdlgatiHsss. the very useful sec
tions, which p0 riches into her lqp Exercising the
prerogative Of wealth, she assumes the riqit to
dictate manners and morality to those who are less
| thrifty in worldly matters'
at is the nature of capital to accumulate. and
the more So when the Latos framed 10 fduor that
| accumulation. From the earliest period of the
Government the federal revenues have been derived
| from duties on the goods imported Tia duties
have not been levied with sinals liss TO ye,,sns
but have been so adjusted 20 afford the Izr0est
protection to AOTbsT, nsczgact.reS. In other words
to tGg the consumers of goods Vest and Sodh. for
the support OF the Eastern EsGRtaetues The amount
VI ~ CthGtktC, III Tue last seventy
reaches eieUen hundred millions of dollars. q lar,a
portion OF which was di5burSed at The Norkl This
sum has been paid mostly by the South and West
into the Federal treasury, goods imported The
sum OF these may be 20 per cent, OF the quantity
home manufactured, and the value of which has
been increased an the ratio of the dltu IF har,ever
1t is assumed, that the homemade goods Ia xe been
enhanced IN value, only to the extent of the ems
toms revenue, then Eastern manufactures have
obtained eeus kaGys5 millions of dollars "a tr;5,,fs
from !hs SaItA and Best!I That large sum has been
aks" Jro' agricultural Industry and added to manu-
JdctlTing industry.
The fisheries OF the Eastern States drew S. OO0
100, as bountles paid to those engaged in them ont
Oh iedera treasury to the date of the abolition
OF those bountles. The North eajOgeI n EaoponoI of
the carrying trGde; foreign vessels being EXCLUDED
These. and other circumstances dralo gs s,trphls
capital from the agrculturast into the Golfers of he
manufacturer. The accumulation of CAPITAL tins |
brought ahoCt became invested in stocks RqnL.s |
1t-Tlecs Cclnpdlses; all which drew large profits
on credits, granted 10 other sections The North has
S6OO0OOOOO so invested; of which 1856 3IS 0Oo are
IN banks alone, which draws SEQ 200 per AMMAN
rom me earnings Of other sections The frequent pill
grnages from all sections to the EASTERN eities for
the purchase of goods and ID the pursuit of Measure
FORM large ite % cost, charged upon goods that
Is PAD by the consumer. The profits Of other bu-
sInesS may be Appropriated as follows:
Bountes to fisheries per annum, 5 100000
customs, PER ann dlsbursed at the NartA. 10000 900
Profits OF manufacturers sO00O GOO
Profits of Importers, M ana O00
Shipplrg imports and exports. 40OO0OOO
On travellers, 6OOOO,0QO
Teachers and otheys at the South
sent North, 100000
agents, brokers. commissions. &c. 10 600 600
Capital drawn from the South, 3oO0O0OO
Total from those sources, s2sI 5OO,O0O
rms Is an approximation Of the GanuaI load ,cjich
>ote{A llSIs9 IS required TO cdTrlf, and the mea
y paying II depends upon black, labor
The heisJ drain of capital thus erea5ad prevents
N accumulation at the South. and promotes 1t as eff
ectuaily at the North; where every such aceumu-
euon only aeeelerates the drain. If we take the
ggregate OF these items fer 10 years on Y, tao re-
Ut IS the enorne1s sum OF 81 3l5 gS.eGl; and a.
owing ~ per cent Of the sai9 only. tie aggregate
the oO years, ths amount is 271G millions of dol
srs eqrsd at the South ard added 10 Northern dccl.-
aldGtOaH
The fishing bounties alone rs have SEEN
each 81, 944 900 mostly paid to Maine and Massa,
husetts- IL Is not therefore matter Of surprise
we mad the North rery rich, and the South show
ig much slower accumulation. No matter how =
reat may be the production Of wealth at the South
pours off into Northern Golfers IS rapidly as it is
eeumulated and, singularly enough, the recipients
that wealth are continually upbraiding the South
lsh ita creation. As we have seen, in the quota
on from the London Tines contained in former a
lapter, English common sense detects the absurdi-
:, not to say the indecency, of such conduct, and
disposed, at least, to be civil until they can 90
liter"