Speech #430028465

O . 803 50 200.433 1857 .................................................. 63. 875.905 05 251.-206 1B58 ......8 ....... 41. 789. 620 96 123. 2 18559 ...-... ...................................... . 49.565.824 38 111. Q82 1560 . ......................... .................. . 53 187.511 87 153. 640 1861 .................................................. 35.582. 125 64 q1.828 15 0 2 .................................................. 50.851.729 35 91.987 Total .......................................... 362. 874. 580 75 1. D33. 697 I pause for the present bat to invite attention to the facts that the r venuo received in 1856 was over $64.000.000. but in 1861 the receipts had s1nk to but little more than $39.500.000. and that immigration. which in 1856 was over 200.000. had by 1861 fallen to less than 2.000. Freetraude andmoney which falsely professedto represent gold had done theirwork. These were the results they had produced: Everyindustry of the country was paralyzed. no effort was making to develop its resources. and the vast army of uncmployed laborers had served notice upon their brethren in their respective fatherlands that they were better at home. lot them endure what governmental oppression they might. than they could be in a republic which denied its citizens permission to earn wages by employing their industry upon its boundless stores of multiform raw material. Let me now present the receipts from the same sources. and the number of immigrants received for another series of seven years. beginning with 1866. As I have said. the total receipts from the foundation of the Government to the close of the last fiscal year were $5.289.467.480.30. Let me now show that more than onehalf of the whole sum. or $2.710.033.324.40 was received in the years 1866 to 1872 inclusive. during which the volume of our inconvertible currency was at its maximum. The annual receipts and number of immigrants were as follows: Year. Revenue. tiuai."ra1866 ................................................... $40. 48.219 12 318. 481 1867 .................................................. 444. 645. 582 01 298. 358 1868 ................................................. 357. 340. M.4 82 9!97. 15 1R69 ................................................... 339.170. 573 10 .1 59o 1670 .................................................. 379. 667. 213 5 I 378.79. 1871 ................................................... 3 .9. 948. 917 05 367. 76.9 1872 ................................................. 347. 012. 44 49 449. 483 To ............................................. 2. 71O. 033. 3.14 40 2.506.057 The average receipts per year during this period having been $337.147.617.77. or more than $20.000.000 per year in excess of the total receipts of tholast seven years of convertible currency and free trade.