FREE BOOKS

Author's List




PREV.   NEXT  
|<   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94  
95   96   97   98   99   100   101   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   >>   >|  
t an average net annual value of only $100 each, or less than 33 cents a day, it would make, in ten years, at the rate of 200,000 each year, the following aggregate: 1st year, 200,000 = $20,000,000 2d " 400,000 " 40,000,000 3d " 600,000 " 60,000,000 4th " 800,000 " 80,000,000 5th " 1,000,000 " 100,000,000 6th " 1,200,000 " 120,000,000 7th " 1,400,000 " 140,000,000 8th " 1,600,000 " 160,000,000 9th " 1,800,000 " 180,000,000 10th " 2,000,000 " 200,000,000 ------------- Total, $1,100,000,000 In this table, the labor of all immigrants each year is properly added to those arriving the succeeding year, so as to make the aggregate, the last year, two millions. This would make the value of the labor of these two millions of immigrants, in ten years, $1,100,000,000, independent of the annual accumulation of capital, and the labor of the children of the immigrants after the first ten years, which, with their descendants, would go on constantly increasing. But, by the actual official returns (see page 14 of Census), the number of alien immigrants to the United States, from December, 1850, to December, 1860, was 2,598,216, or an annual average of 259,821, say 260,000. The effect, then, of this immigration, on the basis of the last table, upon the increase of national wealth, was as follows: 1st year, 260,000 = $26,000,000 2d " 520,000 " 52,000,000 3d " 780,000 " 78,000,000 4th " 1,040,000 " 104,000,000 5th " 1,300,000 " 130,000,000 6th " 1,560,000 " 156,000,000 7th " 1,820,000 " 182,000,000 8th " 2,080,000 " 208,000,000 9th " 2,340,000 " 234,000,000 10th " 2,600,000 " 260,000,000 -------------- Total, $1,430,000,000 Thus the value of the labor of the immigrants from 1850 to 1860 was fourteen hundred and thirty millions of dollars, making no allowance for the accumulation of capital by annual reinvestment, nor for the natural increase of population, amounting, by the census, in ten years, to about 24 per cent. This addition to our wealth by the labor of the children, in the first ten years, would be small; but in the second, and each succeeding decennium, when we count children and their descendants, it would be large and constantly augmenting. But the c
PREV.   NEXT  
|<   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94  
95   96   97   98   99   100   101   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   >>   >|  



Top keywords:

immigrants

 

annual

 

millions

 
children
 
succeeding
 

increase

 
wealth
 

December


capital

 

constantly

 
accumulation
 

descendants

 

aggregate

 

average

 

fourteen

 
hundred

national

 

thirty

 

decennium

 
augmenting
 

addition

 
reinvestment
 

allowance

 

making


natural

 

population

 

census

 
amounting
 

dollars

 

independent

 

increasing

 

properly


arriving

 

immigration

 

effect

 

returns

 

official

 

actual

 

Census

 

States


United

 

number