New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-08-02
Total IS states So 99S 900 62o s27C2 26s42s LOssS
..sI-si6, S27152 81 4O9. 2O8, $40 Loss s q

SIG 327,1 52 81 403. 203 379 Loss s2
In 1870 according to census returns now published
the value OF all property in the country was S0O6S5l6
BOZ At this time however, all property valued in
currency in which, during the year preceding the
enumeration the average premium gold was 23.25s
90 that currency was worth 81 cents on the dollar For
comparson with the valuation OF 1860 when property
was measured by the gold standard, the value of all
property in the country in 1870 was therefore s5oS9
900 Indeed strict comparison would place lower
because several years prior to 1870 the depreciation OF
currency had been much greater than during that year.
and the fictitious valuation of all property had been very
much higher and 1t is well known that decline In the
valuation Of property follows slowly and at some
distance OF time, the appreciation in the value OF the
currency by which it has been measured. Property
bought during the war for $4,000 in currency worth
only 80 cents the dollar is not readily admitted
bv its owners TO be worth only 5000 when
currency has returned 10 par value. But the
OF this lingering generalization cannot well lie
measured and in the tables given the census returns OF
the wealth several States reduced to gold 1t
thus appears that the former sayehoding States which
had property, not including slaves. valued at ssl6,
S27,l52 in 1900 had only s4o32S79 in lS70a loss of
Sn3O0OOJ or about $50 in gold for every man, woman
and child, white black, living those States.
But this is by no means the worst. BY examination
OF the tables it will be that three Of these States
Missouri Maryland and Delaware, have Jared very diff
ferenty from those which enlisted in the Rebel
Hon. and have gained in wealth-Nissouri nearly
sGOO0OOOOO; Maryland, Nss,OOO,OOO; and Delaware,
OOO-in ALL $Sls523167 The loss Of property mot
Including slaves the remaining States therefore,
s2a,OVOOOO gold, or s1O9 in gold for every man,
woman, and child, white or black, now living within
their borders. .....
Twelve hundred and thirty millions in gOld--a sum
two-thirds as large the entire bonded debt OF the
United statesost from the property OF thirteen States.
Their entire property, exclusive Of slaves, in 1860 was
9o629 and the loss is 80 per cent OF that sum-
Nor should we altogether forget that the property in
slaves however Ubiquitous the SYSTEM was the chief
wealth and main support Of large part of the Southern
peoples their earnings invested in it, their industry
denended on IL their wives and children had other
security from want. To the nation it was not wealth ;
10 individuals Il was all the wealth they possessed and
this loss added to that already mentioned, makes
total of OO-over onehalf OF the entire property
OF the people Of thirteen States, and s7 IN gold for each
person.
loss BY PREVENTION OF NATURAL INCREASE. ...
The full extent of this loss only be appreciated by
comparison with progress of Northern States These
have gaiued-and Missouri, Maryland, and Delaware
have also sanedabout 100 per cent? wealth since 1900
NewYork has gained in gold value l85 per cent; Iowa,
1885, Missouri. 1874; Pennsylvania III Michigan, i26
Massachusetts. 1l2 California, 14s; Wisconsin, 1O7 per
cent and all the States except the thirteen already
considered gained Ill per cent THIS, in spite of
the waste and war; which afflicted Missouri and
MARYLAND peculiarly, and imposed heavy burdens and
great waste OF productive force upon all Northern
States Had the Southern States been equally favored,
their wealth would have increased four thousand mil
lions whereas it has diminished twelve hundred Why
has II not thus increased Missouri suffered from the
war more than Georgia Alabama, yet Alabama has
lost Il per cent and Georgia per cent Of all it's wealth
while Missouri has gained 1874 per cent. Arkansas and
Missouri bad almost the number Of slaves In 1860.
vet Arkansas has lest % per cent Of ITS wealth what
has deprived these IS States OF then snare OF
the general gain wealth has therefore cost the country
not only the twelve hundred millions which they have
lost but the four thousand millions which they have not
gained by prosperous industry. more than one
nnh a. great our entire national wealth. sum more
than great whole national debt has thus
been thrown away. Five thousand millions more of
property the South ought TO be bearing its share
OF taxation, tightening the burden borne by Northern
people and adding by its increase for All time TO come
10 the atona wealth and power. ..
The causes Of this great decrease OF wealth in certain
States and still greater loss through the prevention Of
their natural increase deserve separate examination
and the serious attention Of the Northern people.
INDUSTRY AT THE soUTH-LOss OF oNEnALF OF TIE
E VALUE OP FARMs. 81.
soeidea Of the condition Of Industry at toe sonth may
be formed from the fact revealed by the census reports
that the value OF all farms the Southern States IN 1870
was less In currency than 1t 1850 gold by more
10 the eepsus Of 1850 the cash value OF AL
farm land ia tine then sayehOdng states was sR5o915I
COS Onilng from tie comparison Dela war; haryi'Jl
and Missouri value OF farms IN the 10 states lerto
senarafey considered t2s22054ts. But in the same
states the value returned at the census OF 1910 was only
Al org ss currency. During the agrieutura year
iOr 10 Inc taxing OF the ceneus, the average value V
ms eurrency was only 76i cents ON the dollar tue cash
aIne I'm cod was therefore 81 o9 IS2 49, and the ost ~
coII value since iSCO C9iSld VI more than the
entire value reusaininR. -.
siirogds give additional value TO farns and at the
eoth suce isCe fully $50 miles OF raroad have been
6uilt, costing, with equipment. over foo0OOo0, aud
stc ne I,oporOn 0f miles OF ROAD 70 acres " iarn
I'D iron, 40 u seven miles 90 the 10000 acres Not
this investment, and the added value IL
bas iveD ID lands adjacent 10 Hew roads tpe 5outh Lac
80 ,,1oTe IN one half the entire valve OF is fHrms
isad D1rlng te decade ending IA 1871 The Nane spe1i
a., H. railroads Ia that eceiiya, ~ IN Toe @AO~
on'trS ~ returned more than three iold III the IN