The Continental Monthly, Vol. 5, No. 3, March, 1864: Devoted to Literature and National PolicyVarious
History
The Continental Monthly, Vol. 5, No. 3, March, 1864: Devoted to Literature and National Policy
Various
Literature, Modern -- 19th century -- Periodicals; United States -- Politics and government -- 19th century -- Periodicals
The earnings of commerce are not given in the Census Tables, which would
vastly increase the difference in the value of their annual products in
favor of Pennsylvania as compared with Virginia. These earnings include
all not embraced under the heads of agriculture, manufactures, the
mines, and fisheries. Let us examine some of these statistics.
RAILROADS.--The number of miles of railroad in operation in
Pennsylvania in 1860, including city roads, was 2,690.49 miles,[4]
costing $147,283,410; and in Virginia, 1,771 miles, costing $64,958,807.
(Census Table of 1860, No. 38, pp. 230, 232.) The annual value of the
freight carried on these roads is estimated at $200,000,000 more in
Pennsylvania than in Virginia, and the passenger account would still
more increase the disparity.
CANALS.--The number of miles of canals in Pennsylvania in 1860
was 1,259, and their cost, $42,015,000. In Virginia the number of miles
was 178, and the cost, $7,817,000. (Census Table 39, p. 238.) The
estimated value of the freight on the Pennsylvania canals is ten times
that of the freight on the Virginia canals.
TONNAGE.--The tonnage of vessels built in Pennsylvania in 1860
was 21,615 tons, and in Virginia, 4,372. (Census, p. 197.)
BANKS.--The number of banks in Pennsylvania in 1860 was 90;
capital, $25,565,582; loans, $50,327,127; specie, $8,378,474;
circulation, $13,132,892; deposits, $26,167,143;--and in Virginia the
number was 65; capital, $16,005,156; loans, $24,975,792; specie,
$2,943,652; circulation, $9,812,197; deposits, $7,729,652. (Census Table
35, p. 193.)
EXPORTS AND IMPORTS, ETC.--Our exports abroad from
Pennsylvania, for the fiscal year ending 30th June, 1860, and foreign
imports, were of the value of $20,262,608. The clearances, same year,
from Pennsylvania, and entries were 336,848 tons. In Virginia the
exports the same year and foreign imports were of the value of
$7,184,273; clearances and entries, 178,143 tons. (Table 14, Register of
U. S. Treasury.) Revenue from customs, same year, in Pennsylvania,
$2,552,924, and in Virginia, $189,816; or more than twelve to one in
favor of Pennsylvania. (Tables U. S. Commissioner of Customs.) No returns
are given for the coastwise and internal trade of either State; but the
railway and canal transportation of both States shows a difference of
ten to one in favor of Pennsylvania. And yet, Virginia, as we have seen,
had much greater natural advantages than Pennsylvania for commerce,
foreign and internal, her shore line up to head of tide water being
1,571 miles, and Pennsylvania only 60 miles.
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