Assuming these ratios, the result would be as follows:
| UNITED KINGDOM. | ||
|---|---|---|
| 1861, | wealth, | $31,500,000,000 |
| 1871, | " | 48,155,000,000 |
| 1881, | " | 59,122,350,000 |
| 1891, | " | 80,997,619,500 |
| 1901, | " | 110,966,837,715 |
| UNITED STATES. | ||
| 1860, | wealth, | $16,159,616,068 |
| 1870, | " | 36,593,450,585 |
| 1880, | " | 82,865,868,849 |
| 1890, | " | 187,314,353,225 |
| 1900, | " | 423,330,438,288 |
Thus, it appears by the census of each nation, that, each increasing in the same ratio respectively as for the last decade, the wealth of the United States in 1880 would exceed that of the United Kingdom $23,743,518,849; that in 1890 it would be much more than double, and in 1900, approaching quadruple that of the United Kingdom.
When we reflect that England increases in wealth much more rapidly than any other country of Europe, the value of these statistics may be estimated, as proving how readily our national debt can be extinguished without oppressive taxation.
These are the results, founded on the actual statistics, without estimating the enormous increase of our national wealth, arising from the abolition of Slavery. We have seen that, by the official tables of the census of 1860, the value of the products of the United States, so far as given, for the year 1859, was $5,290,000,000. But this is very short of the actual result. The official report (pages 59, 190, 198 to 210) shows that this included only the products of 'agriculture, manufactures, mines, and fisheries.' In referring to the result as to 'manufactures,' at page 59 of his official report before given, the Superintendent says: 'If to this amount were added the very large aggregate of mechanical productions below the annual value of $500, of which no official cognizance is taken, the result would be one of startling magnitude.'
1. This omission alone, for gross product, is estimated at $500,000,000.
2. Milk and eggs, fodder, wood, poultry, and feathers, omitted, gross products, estimated at $350,000,000.
3. Gross earnings of trade and commerce, including freights, &c., by land and water, $1,000,000,000.
4. Gross earnings of all other pursuits and business, including all other omissions, $1,000,000,000.
Total gross products of 1860, as thus estimated, $8,140,000,000, of which the amount for the Free States, as estimated, is $6,558,334,000, and for the Slave States, $1,581,666,000.