The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-09-11
INDUSTRY GROWING.

Second. Here let me again quote the Ian
guago of Mr.. Wells, as | have his high authority
for the statement ;-"S1nce the termination OF
the war more iron furnaces have been erected,
more pig iron smelted; more bars rolled, more
steel made, more coal mined; more lumber
sawed and hewed, more vessels butt upon our
inland waters, more houses constructed; more
manufactures of different kinds started, more
cotton spun and woven. more petroleum col.
lected refined, and exported-thau in any equal
period in the history of the country, either
before, during or since the war;"
RAILROADS EXTENDING.
Third. We may say tnat during the war, or
soOl after its commencement the railroad
system OF the North was made a unit by the
completion of various connections and 1t VIII
never be known how much this ADDED to our
war power. But will again quote Mr.. Wells;
he Gays, 'Since the termination OF the war over
five thousand miles OF new railroad have been
constructed AID opened for use IN the United
States, to say nothing of the lines in the South
ern States which have been restored and re-
opened.n Gentlemen, when you hear us who
are business men complaining OF duliness and
Gtagnation, please refer to the tables of the
comparative receipts OF several OF the great
railroads which are given week by week in the
Financial Cir0nIcie, and when you see how they
increase year by year. although rates are lower,
q X who exchanges all these commodities on
which the freight is paid, and tnen consider
whether the use of paper money may not have
induced too many men TO engage IN exchange,
or 10 become traders rather than producers.
MORE. PRODUCTIVE
Fourth. The agricultural products of the
United States have steadily increased both in
quantity and value since the termination of the
war, and the product of agriculture increased ia
quantity all through the war. We are rapidly
restoring the number of animals both horses
and cattle, TO their normal proportion. 1t may
be that this year the crop of grain will be in
full proportion TO what 1t would have been had
there been no unnatural or forced stimulus to
manufactures by which labor has been diYer.ed
from agriculture.
THE SOUTHERN STATES.
Fifth. Let us glance at the condition of the
South. 1t is alleged that the reconstruction
plan Of Congress has been failure. Let US test
1t by economic results. 1t is alleged that the
South has been ground down under military
despotlsm; that there has been no labor that
could be relied upon, and lastly, that they have
had no capital. The last allegation we Will
admit, because we know that the tendency Of
Northern capital to the South has been checked
by its insecurity. The crops of this year are,
therefore, free from mortgage, for no one would
trust planter this last spring.
Now let US see what is the result. If the
South has had neither labor nor capital, their
crops must be the s pontaneous production OF
natule, and they have
First. An annual supply of food for the con-
sumption OF the whole population, say 10000
600 to IL 600, 600.
Second. A crop of cotton which promises to
equal or to exceed that OF last year, which has
been proved by the investigation of our Cotton
Manufacturers Association to have been nearly
or quite 5000, 600, 600 bales or much more than
the compllers of the commeI cial tables will
admit, and more than three-htths the largest
crop ever raised before.
Third. crop of rice which the Charleston
Datty NelOS asserts will prove sufficient to drive
all imported rice out of the home market during
the coming year.
Fourth. so to 100, 900 tierces of sugar.
Fifth. crop of tobacco SO large as to make it
one of our main dependencies as an article to
be taxed.
THEY ARE RICH ALREADY.
In short the South has a salable surplus of the
aggregate value of 400 to $500, 0,0C0 000 and all
this with their harvest of food is, if we can
trust the evidence of their Democratic leaders,
the spontaneous product of nature! What may
not be the result when General Grant is elected
peace assured, labor rendered effective, and
capital safe?
THE WAR WORTH ITS COST
Let me express my profound conviction that,
as purely economic question, the war will nav
for ITSELF since the increased production of the
Southern States, which will follow the abolition
OF slavery, will in the next twenty years more
than pay the entire cost of the war by which
slavery was ended. The question of taxation is
therefore mere question of distribution of the
burden, and we must see to it that the LAT e
Rebel States do not throw off all the burden and
reap only the benefit by allowing them to aid
the Democratic party in repudiating the debt.
Like the Titan OF old, this nation has been bound
to rock, and scathed within the lightning of
JoYe, but the Prometheus is unbound and to us
may be applied the closing words of that noble
poem OF Shelley's. In the past years we could
have said that it was our fate
To suffer woes which hope thinks in6nfte
10 iSIgve aasN wrongS darker than death or night:
10 love and bear: to hope till hope creates
fTS .s own w wreck the the thing ooEtemplates
os ke thy s6 SoFy Syopa man is to be
IhiB Is alone Life, Joy, Empire. Vctorv.