make it. Suppose the million of dollars, or three hundred thousand pounds, which Virginia could annually spare without distress, to be applied to the creating a navy. A single year's contribution would build, equip, man, and send to sea a force which should carry 300 guns. The rest of the confederacy, exerting themselves in the same proportion, would equip in the same time 1,500 guns more. So that one year's contributions would set up a navy of 1,800 guns. The British ships of the line average 76 guns; their frigates 38. Eighteen hundred guns then would form a fleet of 30 ships, 18 of which might be of the line, and 12 frigates. Allowing 8 men, the British average, for every gun, their annual expense, including subsistence, clothing, pay, and ordinary repairs, would be about 1,280 dollars for every gun, or 2,304,000 dollars for the whole. I state this only as one year's possible exertion, without deciding whether more or less than a year's exertion should be thus applied.
The value of our lands and slaves, taken conjunctly, doubles in about twenty years. This arises from the multiplication of our slaves, from the extension of culture, and increased demand for lands. The amount of what may be raised will of course rise in the same proportion.
