The weekly Lancaster gazette. (Lancaster, Ohio) 1860-1863, 1863-02-05

6fiy million Of do!lOrS per Anuum. This
10 what we call dead loss. II the war
we're to continue three years, the dead loss
would be ons thousand three hundred
and fifty millions. which should be de,
ducted from the valuation OF the Nation.
al property at that time. But the Ma.
tional income in that time will be three.
fold the actual loss. In the meantime,
We must observe that the developer Mt
OF the mines and the machinery Of tie
Nation is increasing the income very ra.
lpidly. / think sfter this year The whole
National income (if we were united may
be iairly counted at two Thousand millions
pes annuin. have made no note ol the
Rebel States; but il we deduct from the
Nationsl income little more Ihau one
fourth for that account. il will be nearly
correct. The result is. that in midst OF
this gigantic war, we are &C ualy in
creasing the National wealth at the rate
Of six hundred millions a year.
If we borrowed the money from Eu.
rops we should do no such thing. We
might even run behindband. We should
owe Europe both principal and interest.
Now, we pay our citizens the interest in
gold. We only take money out Of ore
pocket 10 put it 10 the other. Here. l
must say. we have one cause Of universal
congraulalion. 1t is the admirable man
ner in which our National finances have
been managed. If we owe this. both to
the ability Of the Secretary and the aid
and counsel Of bankers. we also owe i, to
our free institutions. In no other coun
try on earth could such gigantic efforts
have been successfully put forth. The
reason is obvious: cur free institutions
have made the people and the Govern.
ment one, The result is that the Govern
ment is sustained with no actual loss 10
the nation. If (as | suppose) We are
losing 100000 men a year more thaR we
need otherwise have dooe, this loss is a
great deal more than made up by nation
al increase and immigration.
10 noticing the wealth Of the Nation,
we may Doice also the relative wealth Of
the States. 1t is curious 10 see how the
great law Of labor is vindicatcd BY The
returns Of wealth in the States. There
must be land to work upon. everywhere; !;
but if we have given certain amount Of
raw maerial. labor is the creator Of
wealth. Free ins i,ions encourage labor.
by securing lie rewards. Hence it may
he assumed. as the rule. in tenn
perate climate, wealth will be greatest
where labor is fiees,. In comparing
States together, there are some aids 10 be
considered, such as machinery and rich
lands, which will render results unequal.
even where industry is equally great
In The United States we see these remak.
ably illustrated in some States. The
wealhiest States of the Union are Con-
ntclicut. Rhode Island. Massachusetts
and Ohio, in proportion to the number Of
people, which is the true test. In New
England it is labor applied to machinery
which brings up The wealth Of the people,
and in Ohio it is rich lands. ! give be-
low the estimated true wealth in four
States. with the ratio to the population:
Con nec.icut, S444. s74-S99G a person.
Ohio, Sl,I9S, ,898, ,422-S51O person.
Pennsylvania, 81, I,4l6. 5Ol-s49Oa per
son.
New York. S.. 843 ,33S-S48o a person.
The Statements Of the actual wealth
may, OF course, contain some errors, but
they are sufficiently accurate TO show the
general ratios OF our National industry.
Ohio has but $4,000 square miles, aud
New York has 46, 900; but the difference
in Ohio is wholly arabic. If the cilies in
New York and Pennsylvania are deduct
ed, lands in Ohio are higher priced than
in the former. The number Of live stock
in Ohio is greater than Of any State, and
the crops greater in proportion 10 the
land, The result is that tue wealth bro't
to The Stale by agriculture is immense,
probably greater, in proportion 10 the peo-
pie, than in any country. If any others
are superior, it must be such countries
as Italy aud Belgium. THIS very briel
review of our wealth may be sufficient to
satisfy those who have not made such
calculations, that The war has not mate
rally injured US, and is noe likely to be
any serious drawback on the wealth Of the
nation. ..