New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-05-06

III
The increase Of the wealth Of the loyal States, II
will be perceived Ia reduced after 1870, rom ~ pei
Ecent to l-6 per cent per annum, ana the ANNUAL
product from 268 per cent TO - per cent per annun
| upon the capital. -,
Thchc rates Of production and accumulation viii,
Iperhape, astound European stststicians, and may
challenge the wonder Of those among US who bor-
row all their economic doctrines ana ideas ron
transatlantic authorities but We can saywlth a1so-
1ute ASSURANCE that they are proved by the most
conclusive evidence, in the last ten years OF our
national progress and il So we fully warranted
lin taking Thorn as o basis for our estimates OF the
immediate future. In 1888, Pablo Pebrnr esti-
mated tho wealth OF Great Britain and lrclana at
200 millions Of dollars; and there is not respect
sbio authority in the realm that viii question the
statement that it has quite doubled since that date
But our own figures depend 10 degree or respect
upon the estimates Of experts. A decsnniai ap-
prAisement Of the property and products or the ns
Ition with no otbor sulpciens OF error than enhs,
Isions and undervauati0ns, In the years 1850 and
1860 respectively give us the facts OF our situation
and rate Of progress aud we can rely upon them
confidently as minimum exhibit OF our economic
condition. The census Of 1910 was much less CON-
plete; but II shows that our advance In wealth IN
The last decade very exactly doubled upon that OF
the immediately preceding one. The best, and the
best disciplined, ability Of the Census Bureau gives
|us these results.
Prospective Resource.
hero calculated down 70 the rate of the increase az
wealth in the last decade, Immediately before the
Rebellion commenced Is this the measure Of en-
hancemcnt for the next 10 years Lot us see; In
that last decade nine Of North-W estern States
and Teritores grew upon the valuation OF Ic1O iuii
lallI Der nt,--froln 1921 10 ,862 millions. -Four
l new territories. which had not boon reported IL
1850 were valued in 1860 ut " millions; ard the
still newer ones, Dakota, Nevada, Colorado. Am
IONA and Idaho, arc not valued NJ ALL These last
are among the richest IN tho precious metals, ana
IRE RAPIDLY rising into equality Of product with Cali
Ifornia itself but have no report IN our estimates
Til. Government still holds, IN the great West and
North West $50 mill ons Of of land undsposed
Of which arc now, u the conclusion oi tie war to
come rapidly into market, and, what is much mosc
to the purpose, though worth thousAnc millions
TO the Treasury in purchasemoIey, viii, after the
example of those settled and improved since loJ),
rise IN taxable value at nm average rate OF 400 per
| cent and in 20 years increase about thirty times
tho cash value OF the property OF their occupants
and II every dollar received iron the sale OF the
public domain shall DO bestowed upon. these now
lStates by the Federal Government in donations TO
their internal improvement AID educational enter
prises the taxable wealth and the resulting reye-
nuo in these Bew States VIII be thereby only IN
creased in manifold proportion TO the investment.
The Mineral Regions
which invite our lisbanded armies, and the still
slareer hosts of European immigrants TO open W
their treasures, extend through IL degrees Of lati
1tude aud a longitude OF nearly equal measure,
making an area Of laore than million OF square
miles. They arc literally stocked with gold silver,
precious stones marble, gypsum salt, tin, quick
silver asphaltum, coal iron, copper and Lead ask
ling only an amount Of labor relatively equal 70
that expended on California to yield siOC, 200 WV
/ per anuum in gold and silver alone; and in She
other minerals, which will be mined as soon u
Transportation Is provided at least half that SUM-
And these things arc not merely In the possioi, oi
tho far FUTURE they are near enough 70 answer .ne
eIigencies OF our condition. Apopuiatlon now ol
,0vO ,oOo which, during the last half century, mas
doubled its numbers every 333 years, WIN al ehe
industrial enginery and apparatus OF tne age az
command, animated by the spirt OF adventure,
and spnrred by the faith and hole which works
wonders, will be found sufficient FOR the achieve
ment of greater things than We snail need or dare
predict. ,..
sources of national wealth our reliance is not alone
i nor even chiefly, in the Wilderness OF our new
world. The States called the older Of the sister,
hood did in the last decade increase their
wealth vastly more in amount and but little less In
per centage, than the comparatively new ones.
Ohio frat settled II years ago, appreciated 80 per
cent, but New-Jersev and Connecticut. both two