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Principles of Political Economy, Vol. 2

Note 259-7 — Chapter III

John J. (John Joseph) Lalor translation

It is estimated that the first 21,200 settlers of New England brought about $1,000,000 with them. (Bancroft, Hist. of the United States.) The 50,000 emigrants who came to Quebec in 1832 were estimated to be worth $3,000,000. It is thought that German emigrants to America, bring with them, on an average, 280 thalers, to which must be added 40 thalers passage money. This seems very high, while German estimates are generally too low, because no emigrant has any interest to overestimate his property, but frequently to underestimate it. Thus, for instance, in 1848-49, 8,780 persons emigrated from Prussia with 1,713,370 thalers of property, i. e., 195 thalers each. (Amtl. Tabellen, f., 1849, I, 290.) It is said that between 1844 and 1851, 45,300 persons emigrated from Bavaria with governmental consent, and that they carried with them property to the amount of 19,233,000 florins; that is, 424 florins each. (Beiträge zur Statistik des Kgr. Bayern, III, 322 seq.) Here the average amount of means carried away by emigrants seems to decrease; a sign that the mass of those emigrating come from successively lower strata of the population. (Hermann, Bewegung der Bevölk., 26 seq.)

A still smaller amount of capital would suffice for the purpose of emigration itself. Persons who settled in Canada (1823) cost the English nation £22 per capita, which amount provided them with cows, seeds, agricultural implements, help in building, and food for twelve months. According to the Edinburg Rev., Dec., 1826, only £15, 4s. were necessary for the same purpose. If it be borne in mind that many of these settlers afterwards caused five times as many relatives to come over at their own expense, the necessary outlay per capita would seem very small indeed; frequently not more than one year's maintenance in the poorhouse would have cost. Almost £1,000,000 are sent every year from the United States through banks and emigration bureaus, by emigrants, to the United Kingdom, to bring over their relatives. (Statist. Journal, 1872, 386.)

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