Mines.—Pennsylvania excels every other State in mineral wealth, but Virginia comes next.
Soil.—In natural fertility of soil, the two States are about equal; but the seasons in Virginia are more favorable, both for crops and stock, than in Pennsylvania. Virginia has all the agricultural products of Pennsylvania, with cotton in addition. The area, however, of Virginia (39,265,280 acres) being greater by 9,825,280 acres than that of Pennsylvania (29,440,000 acres), gives to Virginia vast advantages.
In her greater area, her far superior coast line, harbors, rivers, and hydraulic power, her longer and better seasons for crops and stock, and greater variety of products, Virginia has vast natural advantages, and with nearly double the population of Pennsylvania in 1790. And yet, where has slavery placed Virginia? Pennsylvania exceeds her now in numbers 1,308,797, and increased in population, from 1790 to 1860, in a ratio more than five to one. Such is the terrible contrast between free and slave institutions!
Progress of Wealth.—By Census Tables (1860) 33 and 36, it appears (omitting commerce) that the products of industry, as given, viz., of agriculture, manufactures, mines, and fisheries, were that year in Pennsylvania, of the value of $398,600,000, or $137 per capita; and in Virginia, $120,000,000 or $75 per capita. This shows a total value of product in Pennsylvania much more than three times that of Virginia, and, per capita, nearly two to one. That is, the average value of the product of the labor of each person in Pennsylvania, is nearly double that of each person, including slaves, in Virginia. Thus is proved the vast superiority of free over slave labor, and the immense national loss occasioned by the substitution of the latter for the former.
As to the rate of increase; the value of the products of Virginia in 1850 was $84,480,428 (Table 9), and in Pennsylvania, $229,567,131, showing an increase in Virginia, from 1850 to 1860, of $35,519,572, being 41 per cent.; and in Pennsylvania, $169,032,869, being 50 per cent.; exhibiting a difference of 9 per cent. in favor of Pennsylvania. By the Census Table of 1860, No. 35, p. 195, the true value then of the real and personal property was, in Pennsylvania, $1,416,501,818, and of Virginia, $793,249,681. Now, we have seen, the value of the products in Pennsylvania in 1860 was $398,600,000, and in Virginia, $120,000,000. Thus, as a question of the annual yield of capital, that of Pennsylvania was 28.13 per cent., and of Virginia, 15.13 per cent. By Census Table 35, the total value of the real and personal property of Pennsylvania was $722,486,120 in 1850, and $1,416,501,818 in 1860, showing an increase, in that decade, of $694,015,698, being 96.05 per cent.; and in Virginia, $430,701,082 in 1850, and $793,249,681 in 1860, showing an increase of $362,548,599, or 84.17 per cent.
By Table 36, p. 196, Census of 1860, the cash value of the farms of Virginia was $371,092,211, being $11.91 per acre; and of Pennsylvania, $662,050,707, being $38.91 per acre. Now, by this table, the number of acres embraced in these farms of Pennsylvania was 17,012,153 acres, and in Virginia, 31,014,950; the difference of value per acre being $27, or largely more than three to one in favor of Pennsylvania, Now, if we multiply the farm lands of Virginia by the Pennsylvania value per acre, it would make the total value of the farm lands of Virginia $1,204,791,804; and the additional value, caused by emancipation, $835,699,593, which is more, by $688,440,093, than the value of all the slaves of Virginia. But the whole area of Virginia is 39,265,280 acres, deducting from which the farm lands, there remain unoccupied 8,250,330 acres. Now, if (as would be in the absence of slavery,) the population per square mile of Virginia equalled that of Pennsylvania, three fifths of these lands would have been occupied as farms, viz., 4,950,198, which, at the Pennsylvania value per acre, would have been worth $188,207,524. Deduct from this their present average value of $2 per acre, $9,800,396, and the remainder, $178,407,128, is the sum by which the unoccupied lands of Virginia, converted into farms, would have been increased in value by emancipation. Add this to the enhanced value of their present farms, and the result is $1,014,106,721 as the gain, on this basis, of Virginia in the value of her lands, by emancipation. To these we should add the increased value of town and city lots and improvements, and of personal property, and, with emancipation, Virginia would now have an augmented wealth of at least one billion and a half of dollars.
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 railroads in operation in Pennsylvania in 1860, including city roads, was 2,690.49 miles, 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. 107.)