History of the United States of America, Volume 9 (of 9) : $b During the second administration of James MadisonAdams, Henry
History
History of the United States of America, Volume 9 (of 9) : $b During the second administration of James Madison
Adams, Henry
United States -- History -- 1801-1809; United States -- History -- 1809-1817
The West was more favored. In 1811 a boat of four hundred tons was
built at Pittsburg and sent down the river to New Orleans, where it
plied between New Orleans and Natchez. Two more were built at the same
place in 1813–1814; and one of them, the “Vesuvius,” went down the
river in the spring of 1814, rousing general interest in the midst of
war by making the trip in nine days and a half, or two hundred and
twenty-seven hours. The “Vesuvius” remained on the Mississippi for the
next two years, but was burned with her cargo in the summer of 1816. By
that time the world was thinking much of steamboats, and their use was
rapidly extending, though regular trips were still uncommon except in
the east.
The result of the sixteen years, considered only in the economical
development of the Union, was decisive. Although population increased
more rapidly than was usual in human experience, wealth accumulated
still faster. From such statistics as the times afforded, a strong
probability has been shown that while population doubled within
twenty-three years, wealth doubled within twenty. Statistics covering
the later period of national growth, warrant the belief that a
valuation of $1,742,000,000 in 1800 corresponded to a valuation of
$3,734,000,000 in 1820; and that if a valuation of $328 per capita is
assumed for 1800, a valuation of $386 per capita may be estimated for
1820.[164]
These sixteen years set at rest the natural doubts that had attended
the nation’s birth. The rate of increase both in population and wealth
was established and permanent, unless indeed it should become even more
rapid. Every serious difficulty which seemed alarming to the people of
the Union in 1800 had been removed or had sunk from notice in 1816.
With the disappearance of every immediate peril, foreign or domestic,
society could devote all its energies, intellectual and physical, to
its favorite objects. This result was not the only or even the chief
proof that economical progress was to be at least as rapid in the
future as at the time when the nation had to struggle with political
difficulties. Not only had the people during these sixteen years
escaped from dangers, they had also found the means of supplying their
chief needs. Besides clearing away every obstacle to the occupation
and development of their continent as far as the Mississippi River,
they created the steamboat, the most efficient instrument yet conceived
for developing such a country. The continent lay before them, like
an uncovered ore-bed. They could see, and they could even calculate
with reasonable accuracy, the wealth it could be made to yield. With
almost the certainty of a mathematical formula, knowing the rate of
increase of population and of wealth, they could read in advance their
economical history for at least a hundred years.
CHAPTER VIII.
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