Massachusetts And the War Tax

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The first of these volumes was issued nearly twenty- five years ago. When Mr. Webster was in London in 1839, certain English capitalists, who had been applied to for money upon Massachusetts bonds, the first ever issued in a foreign market, came to him for information touching the credit of this parvenu on the stock list. " I went to my trunk, " said Mr. Webster, " and took out an abstract of the official returns of the amount of the productive labor of Massachusetts. I put this into the hands
...of one of these inquirers, and told him to take it home and study it. He did so, and in two days returned and invested 200, 000 dollars in Massachusetts stock. " If to-day the State desired to raise five or ten mil- lions upon six per cent, stock at par, our last abstract of industry, published in 1855, woidd bo the only agent we should need to negotiate the loan. With these returns in my hand, I plead our cause and our ability. If there be another community of a million and a quarter of inhabitants which can place a cata- logue of its industry by the side of this, expressive of such versatility of talent and diversity of pursuit — so 20 MASSACHUSETTS AND THE WAR TAX.

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