Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1843-08-18

go. Any other course would be unjust and ruin
ous II the wool-growers unite with the Pario,
against other interests they will inevitably sacri.
flee their own.
The COMPROMISE AoT.
Another matter the Patriot Tugs in. though WIN,
relevancy it has to the fruits Of the present Torifi
is not easily seen. 1t is the old story, that the 10.
coiocos are not responsible for the reduction of
the Tariff of 1892, because Mr.. Clay was the all.
thor oil The Compromise act Every body knows,
or should know, the fucts too well to I've deceived
that the Compromise was adopted by Mr.. Clay
and part of the Wings, as The only mode 10 r e
rent The total and immediate destruction of The Pro.
tect're System by a locofoco Congress. We venture
10 say that the Patriot knows these facts well bu,
IT it does not, we will enghen it from the col
umns Of its own leader:
From the Washington Globe, Juiy 70, 1886.
Mr.. Clay, when he pressed his Compromise
bill on his friends in the Senate, told them that il
wus The only means TO preserve the T'drif.-He
told them that President TJuckson1 was then al
ready elected, who proposed to reduce The taxes
to meet merely the wants OF the government. lie
told them that majority of those returned to the
then next ensuing Congress were pledged 10 The
same object, and could act ioih The Executive in The
,oOrk Of reduction. This he told them, would IN.
EvrTABLr RESULT IN THE OVERTHROW OF THE
TARIFF"
In this light of the Globe, the attempt of some
its satellites to throw the responsibility of the re-
duction of the old Tariff upon Mr.. CIuy's shout
ders, appears sufficiently contemplate We shall
not waste time by enlorging upon it,
BUT THE FRUITS THE FRUITS
The pntrints orticla ,nnS N I.o,I.r- md ,,n. M
doubt intended to pass rs very formidable argu-
me mt against the Tarif'-and yet half its length is
passed over ero the d" fruits of the Tariff are
touched at all, This reluctance 10 come to the
point is not TO be wondered at, when ii is seen
hoto tho point is met First, there is the i'm
mense reduction in the importations of foreign
wool: how happened this to commence from the
very day the Tariff went into operation and to
have continued down to this moment? Oh the
Patriot assures us that Mr.. Jeweu has ansTered
that argument already Certainly this is n con-
venient way of getting round difficulty but we
fancy far more convenient than satisfactory. Even
the Patriot is not content with this himsy pre-
tence, and it undertakes 10 explain that the i'm
mense reduction Of importations since the Tariff,
is owing TO the overlooking of the market by the
vast imporalons before the Tariff. We admit
that usually men do not wish to add their goods
TO an already oyersocked market. Plausible as
this position appears, however, it will not do for
an answer An overstocked market is avoided,
only when it presents a diminished demand and di
minished prices. Now in this case we have the
facts clt a. Us noon-day, that there has been We
ry active demand for wool, and that prices have
been just as steadily tending upwards, as the i'm.
portaiions Of foreign wool have been going down
In the state Of the market, then, there has been
nothing TO deter inportatlons but on the other
hand the improved price Of wool has encourage
ed them. Who does not see, that il importers
would bring in their wool so freely with the low
prices of ~, they would do it even more freely
with the better prices of l6l3-I they could? This
position or rather supposlion, of the Patriot can
not for a moment stand the test of common sense
In this connection, however the Patriot makes
suggestion which is well worth thinking about,
and we quote it:
"Nor would they importers of WOOL be like
ly 10 embark in such an enterprise while the sub |
ject OF the Tariff was in agitation and there was u
prospect, judging from the camor of the dominant
/
high dnies upon The articles they tcere engaged IN
importing"
Amen 10 the sentiment Of lhat-the sentiment |
that The Wh1gs, by demanding ample Protection,
discourage The importation of foreign t0oOl. 1t is
true; though not more true than that The oppo
site kind of clumor, from the Patriot and kindred
presses, las all operated to encourage the foreign
,cool and depress our oion. Til anks 10 the Patr
OF for laundering upon this truth
But it is high time to advert 10 The biz gun OF
the Patriot. Admit the decreased mportations
admit all-says tina, paper, yet what n miserable
piance does wool now bring, compared u the
prices under Jackson and Van Buren,! Surely it |
is miserable in til comparson-b but not mise
rable as The pittancs phich this same Fan Buren,
In 10 the toOogrO,oers, aud which his party in the
last Congress attempted 10 fasten upon them, and
now attempt TO lasten upon them forever. This
is the point has The Tariff improved the prices |
ioh,ch Fan Buren, left? We have shown that ii
has every wool-grower, indeed, knows that i, |
has. The Tariff found prices in Vermont rang
ing from % to % cents-averaging perhaps 25
it has run year, and prices range from % to IS,
and in some instances So averaging 80. Here,
then, is a clear gain already of cents a pound,
which on single years clip is a gain to Vermont
Of
$lS4,66I rs!
In fac. the gain is far more than this; we think
The nuanttv already snId this must he nparlU