Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1864-06-09

i
that we are approaching national bank
ruptcy. The London Times has repeated
/ ly prophesied that now, and now the
grand collapse is coming. 1t has not
come. We still go on. But is there no
danger? The following exhibit of por-
ton of the national assets will do much
toward answering this important question,
and showing that the Union has yet a
promising future before it.
EXTENT, SOIL, CLIMATE.
| When people talk of our national bank
ruptcy they ought to remember at least
that the territory of the United States is
| larger than that of all Europe; and that
| it is not only compact, but united by
lakes, rivers canals ard railroads. We
have no distant colonies to defend we
front on two oceans our land is all with
in the temperate zone; and, to use the
words of Mr. Robert J. Walker in re-
Gently published letter on american FL
nances and Resources" "No empire of
contiguous territory possesses such a
variety of climate, soil, forests and prairies,
fruits and fisheries, animal and Vegetable,
mineral and agricultural products" Our
soil and climate are so far superior to those
of Europe, that our country is capable
of yielding more than double the amount
of food and sustaining more than twice
the population Of Europe. Mr. Walker
says IF as well cultivated as England,
it could much more feed and clothe the
whole population Of the world. If as
densely settled as England, our population
would be more than twelve hundred mil
lions-exceeding that of all the earth. If as
desely settled as Massachusetts (among
the least fertile of all our States), we
should number $4,000, 600 inhabitants"
MEANS OF TRANSPORTATION.
We have a maratime coast line Of 5,120
miles, or, if we count all the lndentations,
of 33, ,663 miles. The Mississippi and its
tributaries have a shore line, above tide
water, of 35,664 miles and our entire
shore and coast line, more than half of
which is navigable by steam counts up to
122,784 miles. " No country says Mr..
Walker, whose figures we are quoting,
"is arterialized by such a vast stream of
navigablc rivers on which is already en-
ployed an interior steam tonnage exceed
ing that of all the rest Of the world Europe
can never have such cheap water transport
tation as we enjoy. 1--WE have more deep,
capacious, safe harhors, accessible at all
tides. than all Europe - we have more
timber than all Europe; we have nearly
six thousand miles of canals nearly COM
peted have built since 1929, 33,698 miles
of railroad-more than all the rest of the
world; have more miles of telegraph line
in operation. than all the rest of the world.
We have more lighthouses on our coasts
than any other country boasts-and as Mr..
Walker remark, writing for Englishmen,
we charge no light-dues
MINERAL RICHES.
Finally, we have greater extent of mine
raj deposits than all Europe. Our coal
fields are of thirty-two times greater extent
than those of England, Ireland, and Scot
land our gold fields are the richest in the
world, and the newly discovered deposits
are declared to be "inexhaustible," we
have also the richest silver mines in the
world; and besides these, iron in the great
est abundance of the best qualities-as we
have discovered since the war broke out
the greatest copper mines known; as also
one of the two great quicksilver mines
which supply the world. The mines
of the precious metals are nearly all on
government lands, and their value is so
great that with them alone we could pay
our public debt.
CHEAP Ds-IMMIGRATION.
More than this-and to give value to all
these elements Of prosperity-we have
abundance of cheap and fertile lands,
which invite the poor of all countries to
our shores; we have schools everywhere
to educate their children and make of them
industrious and intelligent citizens we
offer liberty and equal rights to all who
come; and the temptation is so great that
the Industrious poor of Europe are pouring
to our shores by thousands in the midst
of civil war Such immigrations, as
Mr.. Walker remarks. is augmented popu-
lation and he knows that--assuming the
value of the labor of each man, woman,
and child to be but $200-one third of what
! it is in Massachusetts-it would make in
ten years, if we receive 10000 emigrants
each year, an accumulated gain of over ST.
900, 10000.
| NO SIGNS OF BANKRUPTCY.
There are no signs of bankruptcy here ;
the assets are so enormously greater than
the liabilities, that only a coward or a
rogue could seriously talk of impending
failure and though in bad hands, in the
hands of unfaithful stewards, this vast
property might be injured. and the fair
name of the great firm which owns it
stained, there is no danger Of such mis-
| fortunes while the business managers are
true to the principles upon which the
business was founded.-Psrenolog5caJ Jouf.