Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1861-08-08
COST OF THE WAR TO THE NORTH.


The msagre shos that the Secretary Of the Treasury
makes for bis ways and means the coming year. has
very dshe.rtspinR effect upon the public mind 0as sp
peal IL 10 England at speudthri rate Of interest, and
the other to Savings Bank decorators, to change their
investments at runous rstss Il Q confession Of bsuk
ruptcy.
The universal and growing distress has now begun 10
set the public to thinking. Four months Of war 10
which no blow has been stuck has produced amount
OF bankruptcy and distress which very few thought pcs
sibs six months ago. Property disappears, and private
debs cannot lie collected at the mo1 ent when the Gov.
eminent demands 10 per cent of oil the property in tbs
country 6rst war instalmen and 20 per cent Of all
the men, to stop production and proceed 10 destruction
One hundred millions Of dollars have already been spent
10 uniform transportation food and equipments, and
not blow struck at the same time $69o 900 worth
of property have been sunk by the effects OF war.
Thus four months Of unconstitutional has already
cot 800 900 600, round sum to pay for Executive
usurpstiop with the progress Of this depreciation AID the
800 900 900 the President dema ds for eIpenses 81.
OO), 900 600 will have been dsapsted before Jan.
uiry.
The crop Of wheat TO- at the North and Wes, 80 600
900 bushes The FILL ia is value has been % per cent
OF $40 per bushel thI var. This represents decline
OF $34 900 900 in the money value Of that crop alone
The census Of all the value Of farm produce North and
West or exclusive Of the South 10 $54l sos 727 fall
of Is per cent in the value Of that production, posi-
tive loss Of SlS6 63l cash. taken out Of the pockets
Of the farmers.
This represents all the profits Of the cutvator. The
obtained only repay the outlay. This has occurred
Just when the crops are coming in, and when the
new supplies will depress prices still further. What will
BE- realized for those crops, which are said TO be
Target They will not pay the expenses Of triDspora-
zion TO market The income Of the whole agricultural
regulation cut OF Take Orange and Ulster and other
butter and cheese counties in this State, what they
TO do for meansy Their whole sale is cut Off at mo-
when ruinous tax Is imposed for the purpose oil
IN liking war upon those customers.
The gave the value OF manufactures ct the North
at 1864 626 669 The stagnstion ia that busness has
been very great and If the tall in value placed ct % per
cent only il will represent s2ls SIS 000 bu. there has
The national loss is doubt fully oneh,f The City Of
New York, for instance, manufactured S25 10000 per
snnum, OF which slS, 900 900 was for the South.
We may nov turn 70 the shipping which for the mo-
ment 10 absolutely without value. The quantity Of uu-
mage owned at the North il tuns worth $3.50
900 0O0 the depreciation Of which fully ouehird and
the los Of feigh $40 900 000-ooon alone $50 0O0
OOO The for the last quarter have been ~
per cent only OF those OF the corresponding quarter last
year, entaling loss Of 81, 100000
The real estate Of the City OF New York 10 1878 s54
$50 and s depreciation Is sdaited to be Is per cont
Under forced sales Ii has hardly any value The rents
Of these have declined $40 100000. The real estate Of
the whole NORTH the Secretary of the Treasury Says
81 600 900 000 which, in respect to farm lands en-
trey nominal since the value exists in the produce n
siz d. in the rents obtained exists the value Of town
o on that basis the fall Is onehslE IN the cities the
rents cannot be called than half those OF last year.
Those farmers Who have uortgages to pay and depend
upon the sales Of the produce nd them doubled this
year. The property 10 stocks banks railroads. &c. has
frighuly DECLINED and present values low a. they are
would only be too gladly accepted. large portion Of
the decline in farm produce is due to the loss Of the
Southern markets. On the other hand large amour,
Of business done for Scuherners who North in
the summer, aud who eIpend, 1t has been computed
10000 people, 800 each sl0 600 OC0 in New York
aud in the whole country at least $50, 100000.
The South sends NORTH per annum, $3.50 900 900, in
value and receives equivalent in goods domestic anj
imported. the whole Of the sIchasge businsss on
which that vast trade turns IL in New York, giving q
pref. Of $50 100000 per annum. All that 10 entirely
erushed OUT and with Is the business Of thousands oil
persons The profits of all that interlocked business
have persisted to the extent Of t3OO,Ooo.oO
The course Of business usually brings the Souti large
" In debt to The North and these debv se paid in
spring and GUNNER. This year probably 10000 900
remain unpaid and the merchants who should havi
ceived It are getting extensions at the banks.
NJ.