, 1862-03-27

cd the most tanguine believers in fts financial
strength. It has shown where this lay, and that
secession carried of no eons5derabie portion Of it
ment OF The people. TIE internal trade Of the
country has been equally active and prosperous.
eo miles q Of rW.y @ md enna IL tie
North; has got been interrupted for single mo-
ms by a9ae II b H. as 0f sash
never more unintel,nptediy % pursued u % WI, con con-
sequent1y, brought none Of the ordinary conse-
guences Of wa!. Those waged SO long between
to very great extent the resources of EACH aothat
the indirect Losses were far greater than any that
met the eye, or could be accurately computed But
almost any burden may be borne by a people who
are free In all their industries and in al the artic
1latfDns Of their commerce and trade:
ehay f;e e Se a b ayen Il
public works. The commerce Of theee ID almost
1he only thing that can give rs anything Ike an
adequate 1de4 Of the extent Of the wealth q the
country. Take for example the commerce Of the
railroads Of New York. The total Tonnage, with
Tane Of the came transported over these works the
past year vas as fol1owR:
Produce Of the forest. bso,gz9 $ldeol, $50
6ssE 66sgstse}s sa4en's 5si p;ssei: 'a as 5slsi
Manufacturer. b68 6M 1421T5,25i
n,hsr m1Iepapaifs aq;eIes 1asg17 sg17 a ~ 1;0
Tols. s............... 5,460,409 $s01, 75,1H
The tonnage Of the canals OF the State is fully
az great as that of the railroads. The aggregate
foF both VIII equal II Geo 900 tons, having . value
Of g .0o0, ,0oo o0. The tonnage Of vegetable food
for both railways and canals vii equal very nearly
if not quite three millions Of tons, OF 15oooo, ,od0
bushels.
These facts are given to show that the apparent
only represents the real financial strength Of the
country: Capital is abundant ,because it Is cse-
aed as fast as it is spent even in period of war.
With this brought to close the public securities
Of the country ehonld have yalne never before
possessed. The strength and power Of the
Government has been subject to test
States, but q nation. The war has shown that the
wealth Of the country Is in the loyal States, and
that all the taxes necessary to the support Of Coy
s9%e1t 5 Gan be borns n lq5a subjects Tas
| ing al parts Of the country together.
| The amount likely to be issued. is not so
| great ultimately to affect the market yalne Q
thS sSsGn1ttiss si ard # VII II not be long before this
sell at rates that will yield the purchaser the
lowest rate of interest ruling. For some 1G Jears
the u. S. Per cents. sold an average Of u.s. at
which price they produced an interest Of only "a
The total mileage Of the railways in New York
engaged in the transportation OF freight is 2,651
| miles; in the Northern States 92s500 miles. Al
onehaH the tonnage Of the Newf orI roads, ofthese
States Will exceed 2 500 GOO tons, excluding such
freight TO be only 800 per ton the total would be
f. $50 orc, ,O1O. In other words the value Of tne
frei.ht transported the railroads Of the North
| ern States exceeds $1C0 to each fBhabitanf. Thu
course are nearly as great, making the aggregate
| value Of the internal commerce Of the Northern
States exceed LEO (G00 0c0; sun six times great
er than the entire foreign trade OF the country.