, 1869-12-22

This aggregate, deducted from The e.uinattd
G.oss pssnust o. tae country, VIZ q 81 0o7 .oOo
the in1osts1sl c.nsees rematn.nE naename1.
ated- II We kupeo.e the ciasses en1uer,ted
cussuI:sts and so,5ap euKa4e1 IN railway service.
nsheIes, AID the uanntsetures 4peet1ed] this
viii lea!e . product Of 3s,caa, ,oe). .ooo, divided
among 70h 0od producers, the tuta, number Of
p1oducera having been 1alen at l2s7o 6Oo), giving
an average value Of the labor Of each one OF 3lss
par anhnm. This large body Of prodocars includes
most diverse character as regards the capacity OF
pEnducuon. embracing a. It does many highly
skil!ea palo pass,eans, ns well rs al the d'sliloc-
tors oi The coun'rT, and also great numbers Of do
Mestc serranta- women and children, caniFtbQt-
ing u but a small degree to production and re-
ceirtnR minimum wages.
SO FAR az auJ eAtitnaLH can be made OF the pro-
por:forate number eDplos ed IN mechanical en-
poy menfs, from The imperfect data OF The ceUsas
oc0 al!Ied artisans, machnsts, carpenters. black.
enlths, nA&oDs, and the ike, whose Average
wages are d. ieAtt = ~ per day, or about $50
Ter rear, and the value OF whose labor In the
EprG Of manufacture or pro1ac,ion must be esti-
mated .. the sum Of ihe1r waEes. with fair rate
OF prpnt 10 The employer, AID .he wear and tear
thus matieg them the most valuaole producing
class, and consequently the largest consuming
clsss In the con Mnnlty.
II ue deduct eI, ,oU 6o, 600 as the value Of their
fabor We have fenspdef Of 81 toa eoo. .0N1 a. the
result OF the ~ork OF 4,7t1,t0o comtnon laoorers
average OF fJs0 per annuu to each person. Thts
nnat result woud Indicate that the tota, estimate
Of annual ptodrct = Al under rather than IN
II will be obvious, furthermore, tha. this es.i-
uttate has been made Upon currency pas.s, or
al depreciation OF currency In relation to gold
the p1,cea Of many conmodlties included In these
estimates arc represented at q much higher rate
n relation 70 gold than tne nominal depreciation
would indicate. What abatement should be made
on tnta acconrt i1on the total en1t,uate as above
given II II Impossible to tell. The machinery and
tools Of production. transportation, aud dls:riou.
t'0n were neser before 80 Aup1e or 10 effective:
and SO foon the ev,l effect Of q v1c1ous cur
1epcs and bu1densoue tariff shall be reuoVe1,
II I'll Lot be TOO much 10 expect that the present
n,autArEtd-rot, OF course, BY maintenance OF
prices, hut from the vastly great abundance, with
| ith resulting comfort 10 the people.
| AsNCAL fhCNEAsE OF TIE NATIONAL VALUATION.
II the estimate before given OF the present value
q the real ard personal property OF the United
| The nominal Increase in Salpatlon, Since 1855
has been AT the rate cf sss1, o00 per annum OF
| !a4 per cent Of the value oi the annual product
| 10 thts, however, Is included an Increase In The
/ ralualon OF LAID, CONSEQUENT upon the lncTe6s
!pK density Of population In the older sections ol
the country, and the arnual rapid extension o,
Of but pominal or 40 value But hucn rapid iu
! crease IN The valuation OF this description ol
~, e. d cen sa sa IN M 1
cftate Of capital allabse ior reproduction and n:
| active Increase OF Wealth. On the contrary In al
The large citiel N Tue country, especi.lly whest
the II crease expelieDced IN tho vntustlon OF l1ut
since 1861 has been the greatest mnca Of the prop
| efty thps appreciated not only huhaerves III
% ise pc1ea-ea % Vas. a. IL % nsTsasst U
| renta. really oecO.es tax upon ao1le CLASSES 0
production. aud decreases the capital available 70
| inch purposes.
Making allowance for this element OF unpro
i ductlre land valuation, the Commissioner ha
| been led 10 the conclusion that the ANIMAL IN
cIente OF actsse capital n tha United Statcs arts
irs from the excess OF production oEer eKptndI
tute. cannot ct the present tine be considered a
~ e1egrs c q s pen m cent 2, ne sosa annual pro
10 Eresertnc this aEaiyAla Of the valuation, an
Enal product, and annual surplus Of the country
The Commissioner has himriy responded TO a de
exhibit should be mnle OF the Information ava,la
bic on these subjects. For the preparation OF o
pie.sns n,;snsIe WI cesIn Elements @ as can, nc Soa
ever, undoubtedly be obtained which tnAy hs II
Ra'del as approximately accurate; such as tn
aggregate valuation, acoordipE 10 the census {
1s6p, snh the 1er na,it1 property and the r Ipit
product OF The nation at that period The estimate
which may be AIopted Of the Increase upon tnes
aUounis which has occurred IN tins len yeaI
which hare elapsed atnce 1860, also admit Of veri
ncat,on, 10 eome extent, By comparison With th
ysuauonR ard estimates arrived at IN Grea
britain during the past year, where density {
chinerJ for Investigation on the part Of the 20,
eruntnt 1pd voluntary associations, allow OF te
es e %
liar Investigation tn the Unitcd stAtea, nndt
much leea favorable conditions. On such bas
1 the Commissioner has conducted htB inyesitR;
t:ons. and, without claiming to speak with nutho
y, he he submits hts cOuclusiops Al the best resu
| OF uuch time and labor expended, In which
hha been Assisted By experts IN many OF the lea
ing departments Of production xnd todustry.
RETARpA110K or NATIONAL bKvELorAEST.
ThtIe nfe, however, certain departments OF III
ltquirJ where we lay ieare the 1eid Of eBllnA
| and aseumpt10r, and deal with what seem To
exact and positive data; and these dsta. The Cot
missioner is Hofry 10 Say, are not calculated 10
ford much support to thoGe who are AccoStomt
to indulge III nltterng estimalea OF the nation
5 wealth. For example, he would ask attention
! tie following tQt1e: