Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1864-12-06

htfadysrt ng rates,
over period Of forty years, and on an average
requires the payment yearly Of fifty million OF
dollars. A ID annual interest on the whole debt,
no FIVE per cent. amounting 10 one hundred mill
lion. aod We have one hundred aud h!ty million
1t dollars as the som to be provided for.
As shown by the Censns Of 1860, an assess
ment on the products Of industry, either in Msss
lchuseits q G1 per cent Pennsylvania Of So
pcr cent. New York Of 40 per cent, or upon
An the Stalea 0i ier cent, would pay this som
annually
We have other meaDsoi payment, in the aug
menMt1n OF products over lhc averages Of 1860.
The Commissioner OF the Land Once IN 1862, in
TeaElnE % the anricrous region, in the West
srn portion Of the continent, says: 1.-The yield
ll the precious metals alone, will not fall below
lue hundred million oi dollars, and will increase
for centuries to come. Within ten years the
annual product will reach two hundred millions
u dollars IN tho precious metals, and in coal,
ron, tin. lead, quicksilver and copper, halt that
sum The estimate Of the production OF the
precious and other metals, inc! udiug petroleum,
exceeds one hundred and eighty-two million dol
lars Tor the year 1863 as stated in the Bankers
Magazine Tor October.
A pamphlet recently prepared at the Treas.
ury Department, not yet officially published,
states the increase Of domestic exports, over those
Of 1860, for the year 1861, az twenty-eIght mil
lion Of dollars, for le62 at thirty-nine million
dollars, and for 1868 at one hundred and thirty
TWO million dollars. Abundance Of stape arti-
oes pr duced does not constitute national wealth,
# foreign exchanges exhaust US through tho
payment of helyy balances. But the same pub
licltion states the balance Of trade to be in Ia
7or Of the United States Tor the same years aud
chat the excess Of imports Of gold over exports
amounts to ninety y-seyen millions OF dollars.
The public lands, containing one thousand
lnd forty y-lour million Of acres, though not
AVAILABLE Il. present, should not be lost slghl OF,
as an element Of strength An tstlmate OF
their extent and value can best be formed by
comparison. Their geographical area covers
two.thrds Of the public domain, and II sub-di'
yidsd would make thlrty-lwo states, each equal
70 the great central State Of Ohio. They yield
he produces Of the tropics, the cereals oil the
temperate zonss, aid contain the richest deposits
If gold, silver, mercury and other metals. At
Government price they are worth thirteen thou
sand million dollars. Who can estimate their
value in future years, as iioanclal resource,
under the control Of a free people2
Immigration in the United States is anon.
alous, and without precedent IN history An
immigrant, As lab1rer OF producer, has value,
which belongs TO the country, and mag be fairly
estimated as Welding revenue. A recent work
by DAVID A. Wells, estimates tho value OF emf
grants settling in our country at i've hundred
dollars per capita. Upon this basis, the two
hundred and hlty thousand immigrants OF the
present year, as an element OF strength are
worth one hundred AID twenty-five million dol
larB The New York Geographical Society, from
observations extending over seventeen months,
give an average of one hundred dollars, (prin-
cpally in coln) Us the property of each lmmi-
grant THE Civ the additional sum OF twenty
I've million OF dollarf.
The substitution Of free lbor, for slave lab,r,
in the opinion Of your Committee, will prove
A great national advantage Hon. Robert j.
Walker has recently br3ught out this remarks.
bic fact, " that the product of labor per head,
10 Massachusetts,, is twohundred and thirty-hve
dollars, IN Maryland nnety.slI dollars, IN oOuIh
Carolina liitg.sx dollars, or in tree Massachu-
sets, the reward of labor is more than double
that 10 Maryland, and four times that 10 SJath
arolna." 'lne adoption ot system OF iree
labor, will make available opr unjeveloped
wealth to pay the interest aud principal OF our
national debt, and 10 the opinion OF Mr. Walker,
will amount 10 ten years to the great sum OF
seventeen thousand million ni dollars
Cotton has been reg rded as one Of the chiet
elements of national wealth. Five muilion OF
bilts, valued at two hundred aud nity million
hv ha lshn
and watarei bg the tears Of four milton of
slaves" some idea may be iOrmed of the ca
paciiy OF the cotton states wnen it's kaJwa thtt
less than one lnd slven-ten tbs per cent. OF av Ill
able lands have yet been employed ln us cutivs-
tlon. The exports Of coItop, rlci and naval
stores in 1860 exceeded one hundred and ninety
SIX million OF dollars.
lt nav be said that this source OF revenve will
GOT be hereafter av al iDle Tor the extnguishme6t
ul the publc debt. Bat irum the verdict just
pronounced by the psople-ind from waieh
there can be no appsAl-ihe siaus IS free, and Iha
control of the eJttJG states will njt ID CIV n up'
lt IS desoutly hoped, exc'pt With the nation
al lite. - The freedom OF tho slave and the ex'
l4teucs of a tree government says oiessor
KendrcS, fare OF more Consequence than the
wealth OF the nation and the lives ot all that
dwell IN II.
"Since 1916, Great Britain, with popula'
ton Of niaeteen million, twO hundred and sew
enty.fye thousand, aud at thai dale, without
raiiways, ocean steamers or labor-saving ma
chinery, being engaged in foreign and domestic
wars, has carried lOr the last iorty-eight years
the enormous debt OF four thousand Two hun
ired end live million of dollars, and now ranks
IN wealth aud industrial power among the hrst
nations OF the earth. What then may we anllc-
,pale as the future of this Republic, with pro-
iacng population fifty per cent. larger, debt
Of one-aall the magnitude, with railways, ocean
steamers, labor saving machinery, Immigration
unprecedeated In the history Of the world, win
an annual income Of millions OF gold, aod all
The elements o! growth and improvement 10
degree unequaled; Such resources and such
strength. sure as the laws of grayitatloh, VIII
enable US to carry the burthen Of our pubic
debt.
MkRRiTr CLARK,
CLARK II CHAPMAN, Comm'iiss.
WILLIAM ;. RuBLEE,
Martin the rrepa-st n OF this Report, TIE Commit
tee are tudrhsl 10 the Bankers Mag ne, papers iiom
he Treasury p,psrlnen aud ohvf pueeaehs, us'nt I,
n many msslScs, no, only The htarss pa' Tue Ansuss'