The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1843-04-12

Although upon coarse wool the bill OF the
Inst session does not do oil that should be
done, it was all that could be done, opposed
as it was knuckle 10 thumb by northern To-
cofocoism, and was vast Improvement upon
any preceding tariff. To give more, pro.
lection, there are several provisions in the
new tariff of great account. First, all wool
costing under 7 cents is subject TO duty Of
5 per cent. I'D valorem. Second. all fine
wool without regard to price must pay the
highest rate of duties. Third, wool impor.
ted of different qualities in the same bag or
package is 10 be valued according to the
worth of the fines, quality therein contained,
and duties charged accordingly. Fourth.
the wool is TO be valued as free from dirt.
With these efficient checks and provis-
ions 10 prevent fraud, it is believed that no
South American wool, which can essentially
compete with ours, can be imported except
al the higher rate Of duties, which will bring
up its cost in our market TO 20 cents. We
compute ss follows: Cost in South Ameri.
ca, ten cents, 10 this add 8 cents per pound
then The thirty per cent. ad valorem being
cents, the freight 2 cents per pound, and
al least cents for commission, insurance,
interest on capital, and profits.
But Notwithstanding the sudden influx Of
South American wool in lS4l to which we
have alluded, if it comes in competition
with the loves, grade of our wool, 4 blood
ed merino, we would ask our correspondent
TO account for the fact why even now, the
domestic article brings from 20 to 25 cents,
and why, when for years before l54O this
foreign wool was imported free Of duty, the
coarsest American sold at from 81 to 40
cents upon an average.
In relation to other and finer woods from
Europe which essentially compete with our
staple, they generally cost in the foreign
market 81 cents per pound. Add 10 this
twelve cents per pound for duties, and 7
cents more for charges of importation. in
surance and profit. and you will make the
price ofimported wool in Boston and New
York 46 4s cents. Protection enough
to satisfy tho most staunch locofoco tarifiite
in the land. Home competition alone can
and will hereafter reduce the price.
But, it will be asked, if we have such
protection now, why is wool so cheap p
The answer is obvious. The destruction
Of The home market by the overwhelming
importations Of foreign goods mot foreign
woody under the yearly subsiding compro.
mise bill, aggravated by the arrangement
and enormous dimunition OF the currency.
These causes produced sroppoge Of al
least half Of tie wool consuming factories,
while an immense amount Of domestic fab
ricks, which had been supp unied in the
market by The foreign goods, accumulated
in the hands Of the manufacturer, and are
even now Cutting the market, and occa-
sioning discouraging reduction of price.
II was believed that the passage Of the tariff
would put the factories in motion. But The
incessan; cry Of Repeal from the enemies
Of protection has hitherto in q measure bias
ted this rcas enable hope. 1t was proudly
boosted by the barbarous Atiilla that "the
grass never grew where his horse had irod."
How long the modern scourge ofloco policy
will wither the prospects Of the country. the
future alone can determine. We have some
lingering hopes that a sufficient number OF
northern members Of that party will be for
ced to stand by it. Manufacturers have
some reliance. The old stock of wool is
gradually consuming, and the new clip will
stand much fairer for price than the last
If we are disappointed it will be because the
hostile aspects Of locofocoism TO protection
will increase in severity. and spread addi.
lional gloom over The business prospects of
the country. An answer 10 the roast beef
slant, and the manufacture of negro cloths
in Middiebury which our correspondent
seems 10 think the democrats Of our coun,
try need not be ashamed Of wearing, will be
forth coming next week.
TEMPERANCE LECTURE.
The lecture of Doct. Reesn. ON Saturday