Various - The Continental Monthly, Vol 2, No 6, December 1862

Some of these tables are given as follows:

First, as to Railroads. —The number of miles in Massachusetts in 1860 (including city roads) was 1,340, and the cost of construction $61,857,203 (table 38, pp. 230, 231). The value of the freight of these roads in 1860 was $500,524,201 (p. 105). The number of miles of railroad in Maryland at the same time was 380, the cost of construction $21,387,157, and the value of the freight (at the same average rate) $141,111,348, and the difference in favor of Massachusetts $359,412,883. The difference must have been much greater, because a much larger portion of the freight in Massachusetts consisted of domestic manufactures, worth $250 per ton, which is $100 a ton above the average value.

The passengers' account, not given, would vastly swell the difference in favor of Massachusetts.

The tonnage of vessels built in Massachusetts in 1860 was 34,460 tons, and in Maryland, 7,798 tons (p. 107).

The number of banks in Massachusetts in 1860 was 174; capital, $64,519,200; loans, $107,417,323. In Maryland, the number was 31; capital, $12,568,962; loans, $20,898,762 (table 34, p. 193).

The number of insurance companies in Massachusetts 117; risks, $450,896,263. No statement given for Maryland, but comparatively very small, as the risks in Massachusetts were nearly one sixth of all in the Union.

Our exports abroad, from Massachusetts, for the fiscal year ending 30th June, 1860, were of the value of $17,003,277, and the foreign imports $41,187,539; total of imports and exports, $58,190,816; the clearances 746,909 tons, the entries 849,449; total entered and cleared, 1,596,458 tons. In Maryland, exports $9,001,600, foreign imports $9,784,773; total imports and exports, $18,786,323; clearances, 174,000 tons; entries, 186,417; total of entries and clearances, 360,417 (table 14, Register of Treasury). Thus, the foreign imports and exports abroad, of Massachusetts, were much more than triple those of Maryland, and the entries and clearances very largely more than quadruple. The coastwise and internal trade are not given, as recommended by me when Secretary of the Treasury, but the tables of the railroad traffic indicate in part the immense superiority of Massachusetts.

These statistics, however, prove that, if the earnings of commerce and navigation were added, the annual value of the products of Massachusetts per capita would be at least $300, and three times that of Maryland. In estimating values per capita , we must find the earnings of commerce very large, as a single merchant, in his counting house, engaged in an immense trade, and employing only a few clerks, may earn as much as a great manufacturing corporation, employing hundreds of hands. Including commerce, the value per capita of the products and earnings of Massachusetts exceeds not only those of any State in our Union , BUT OF THE WORLD; and would, at the same rate, make the value of its annual products three hundred millions of dollars; and of our own country, upward of nine billions of dollars per annum. Such, under great natural disadvantages, is the grand result achieved in Massachusetts, by education, science, industry, free schools, free soil, free speech, free labor , free press, and free government. The facts prove that freedom is progress, that 'knowledge is power,' and that the best way to appreciate the value of property and augment wealth most rapidly, is to invest a large portion of it in schools, high schools, academies, colleges, universities, books, libraries, and the press, so as to make labor more productive, because more skilled, educated, and better directed. Massachusetts has achieved much in this respect; but when she shall have made high schools as free and universal as common schools, and the attendance on both compulsory, so as to qualify every voter for governing a State or nation, she will have made a still grander step in material and intellectual progress, and the results would be still more astounding. She can thus still more clearly prove the fact, establish the law, and give us the formula demonstrating that taxes for the increase and diffusion of knowledge are the best investment for the increase of national, state, and individual wealth. Then all would acknowledge the harmony of labor and capital, their ultimate association in profits for mutual benefit. This social as well as political union, together with the specializing and differentiation of pursuits, and observing duties as rights, would falsify the gloomy dogma of Malthus, founded on the doctrine of the eternal and ever-augmenting antagonism of wages and money, and solve, in favor of humanity, the great problem of the grand and glorious destiny of the masses of mankind. The law of humanity is progress, onward and upward, and will, in time, crush all opposing obstacles. If all— all were fully educated, what miracles would be accomplished, how great the increase of important inventions and discoveries, and how many new and sublime truths in science, sociology, and government would be developed! Would not the progress of the State or nation approximate, then, a ratio depending on its numbers? If all the States had contributed as much as Massachusetts to the treasury and diffusion of knowledge, our whole country, North and South, would have been advanced a century, and this rebellion, based upon the ignorance, imperfect civilization, and semibarbarism produced by slavery, could never have occurred.

By table 35 of the census, p. 195, the whole value of all the property, real and personal, of Massachusetts, in 1860, was $815,237,433, and of Maryland, $376,919,944. We have seen that the value of the products that year in Massachusetts was $283,000,000 (exclusive of commerce), and of Maryland, $65,583,000. As a question, then, of profit on capital, that of Massachusetts was 34 per cent., and of Maryland 17 per cent. Such is the progressive advance (two to one) of free as compared with slave labor. The same law obtains in comparing all the free with all the slave States. But the proof is still more complete. Thus, Delaware and Missouri (alone of all the slave States) were ahead of Maryland in this rate of profit, because both had comparatively fewer slaves; and all the other slave States, whose servile population was relatively larger than that of Maryland, were below her in the rate of profit. The law extends to counties , those having comparatively fewest slaves increasing far more rapidly in wealth and population. This, then, is the formula as to the rate of profit on capital. First, the free States; next the States and counties of the same State having the fewest relative number of slaves. The census, then, is an evangel against slavery, and its tables are revelations proclaiming laws as divine as those written by the finger of God at Mount Sinai on the tables of stone.

For seventy years we have had these census tables, announcing these great truths more and more clearly at each decade. They are the records of the nation's movement and condition, the decennial monuments marking her steps in the path of empire, the oracles of her destiny. They are prophecies, for each decade fulfils the predictions of its predecessor. They announce laws, not made by man, but the irrevocable ordinances of the Almighty. We cannot, with impunity, refuse to obey these laws. For every violation, they enforce their own penalties. From these there is no escape in the present or the past, nor for the future, except in conformity to their demands. These laws condemn slavery; and the punishment for disobedience is recorded in the result of every census, and finally culminated in the rebellion. Slavery and freedom are antagonistic and discordant elements: the conflict between them is upon us; it admits of no neutrality or compromise, and one or the other system must perish.

We have seen that slavery is hostile to the progress of wealth and population: let us now ascertain its influence on moral and intellectual development.