The Continental Monthly , Vol. 2 No. 5, November 1862: Devoted to Literature and National PolicyVarious
History
The Continental Monthly , Vol. 2 No. 5, November 1862: Devoted to Literature and National Policy
Various
Literature, Modern -- 19th century -- Periodicals; United States -- Politics and government -- 19th century -- Periodicals
1st year 100,000 = $10,000,000
2d " 200,000 " 20,000,000
3d " 300,000 " 30,000,000
4th " 400,000 " 40,000,000
5th " 500,000 " 50,000,000
6th " 600,000 " 60,000,000
7th " 700,000 " 70,000,000
8th " 800,000 " 80,000,000
9th " 900,000 " 90,000,000
10th " 1,000,000 " 100,000,000
-----------
Total, $550,000,000
In this table, the labor of all immigrants each year is properly added
to those arriving the succeeding year, so as to make the aggregate, the
last year, one million. This would make the value of the labor of this
million of immigrants, in ten years, $550,000,000, independent of the
annual accumulation of capital, and the labor of the children of the
immigrants after the first ten years, which, with their descendants,
would go on constantly increasing.
But, by the actual official returns (see page 14 of Census), the number
of alien immigrants to the United States, from December, 1850, to
December, 1860, was 2,598,216, or an annual average of 259,821, say
260,000. The effect, then, of this immigration, on the basis of the last
table, upon the increase of national wealth, was as follows:
1st year 260,000 = $26,000,000
2d " 520,000 " 52,000,000
3d " 780,000 " 78,000,000
4th " 1,040,000 " 104,000,000
5th " 1,300,000 " 130,000,000
6th " 1,560,000 " 156,000,000
7th " 1,820,000 " 182,000,000
8th " 2,080,000 " 208,000,000
9th " 2,340,000 " 234,000,000
10th " 2,600,000 " 260,000,000
------------
Total, $1,430,000,000
Public-domain text, read in full here on John Shaqi.
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