The Slave Trade, Domestic and Foreign: Why It Exists, and How It May Be ExtinguishedCarey, Henry Charles
History
The Slave Trade, Domestic and Foreign: Why It Exists, and How It May Be Extinguished
Carey, Henry Charles
Labor; Slave trade; Slavery; Slavery -- United States; Tariff -- United States; Working class
Under such circumstances, land in this country should be of very small
value, if even of any; and yet the following facts tend to show that
the people of Massachusetts, with a population of only 994,000,
scattered over a surface of five millions of acres, with a soil so
poor that but 2,133,000 are improved, and possessed of no mines of
coal, iron, tin, lead, or copper, have, in the short period they have
occupied it, acquired rights in land equal, per acre, to those
acquired by the people of England in their fertile soils, with their
rich mines, in two thousand years. The cash value of the farms of that
State in 1850 was $109,000,000, which, _divided over the whole
surface_, would give $22 per acre, and this, at six per cent., would
yield $1.32. Add to this the difference between wages of four, six,
and eight shillings per week in the United Kingdom, and twenty or
twenty-five dollars per month in Massachusetts, and it will be found
that the return in the latter is quite equal to that in the former;
and yet the price of agricultural produce generally, is as much below
that of England as the cost of freight and commission, which alone are
greater than the whole rent of English land.
New York has thirty millions of acres, of which only twelve millions
have been in any manner improved; and those she has been steadily
exhausting, because of the absence of a market on or near the land,
such as is possessed by England. She has neither coal nor other mines
of any importance, and her factories are few in number; and yet the
cash value of farms, as returned by the Marshal, was 554 millions of
dollars, and that was certainly less than the real value. If we take
the latter at 620 millions, it will gives $50 per acre for the
improved land, or an average of $20 for all. Taking the rent at six
per cent. on $50, we obtain $3 per acre, or nearly the average of the
United Kingdom; and it would be quite reasonable to make the mines and
minerals of the latter a set-off against the land that is unimproved.
If the reader desire to understand the cause of the small value, of
English land when compared with its vast advantages, he may find it in
the following passage:--
"Land-owners possess extensive territories which owe little or
nothing to the hand of the improver; where undeveloped sources of
production lie wasting and useless in the midst of the most certain
and tempting markets of the vast consuming population of this
country."--_Economist_, London.
Public-domain text, read in full here on John Shaqi.
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