The Impending Crisis of the South: How to Meet ItHelper, Hinton Rowan
History
The Impending Crisis of the South: How to Meet It
Helper, Hinton Rowan
Slavery -- United States
"The assessors' return of the wealth of Boston will probably show
this year an aggregate property of nearly three hundred millions.
This sum, divided among 160,000 people, would give nearly $2,000 to
each inhabitant, and will show Boston to be much the wealthiest
community in the United States, save New York alone, with four times
its population. The value of the real estate in this city is
increasing now with great rapidity, as at least four millions of
dollars' worth of new houses and stores will be built this year. The
personal estate in ships, cargoes, stocks, &c., is greatly
increasing with each succeeding year, not withstanding the many
disasters and losses constantly occurring in such kinds of property.
"It is impossible to get the exact earnings of the nearly six hundred
thousand tons of shipping owned in this city. But perhaps it would
not be much out of the way to set the total amount for 1855 at from
fifteen to twenty millions of dollars. This sum has probably been
earned by our fleet engaged in the domestic trade, and in commercial
transactions with the East and West Indies, South America, the
Pacific, Europe and Africa. The three sources from which the
population of Boston is maintained, and its prosperity continued, are
these: Commerce, trade, and manufactures. Its annual trade and sales
of merchandise are said now, by competent judges, to amount to three
hundred millions of goods per annum, and will soon greatly exceed
that vast sum. The annual manufactures of this city are much more in
amount than in many entire States in this Union. They amount,
according to recent statistics, to nearly seventy-five millions of
dollars."
Freeman Hunt, the accomplished editor of _Hunt's Merchants' Magazine_,
writing on the "Progressive Growth of Cities," says:--
"London is now the greatest concentration of human power the world
has ever known. Will its supremacy be permanent? or will it, like its
predecessors, be eclipsed by western rivals? New-Yorkers do not
doubt, and indeed have no reason to doubt, that their city, now
numbering little more than one-third of the population of London,
will, within the next fifty years, be greater than the metropolis of
the British empire.
"New York, with her immediate dependencies, numbers about 900,000.
Since 1790 she has established a law of growth which doubles her
population once in fifteen years. If this law continues to operate,
she may be expected to possess 1,800,000 in 1871, 3,600,000 in 1880,
and 7,200,000 in 1901. If twenty years be allowed New York as her
future period of duplication, she would overtake London by the end of
fifty years; London _may_ then have five millions; New-York will
almost certainly have more than that number.
Public-domain text, read in full here on John Shaqi.
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