New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1845-07-17
The Tarin-W0oI, &c. &c.

10 the price OF Wool We do not see this So IA
as we have observed. there are two or three article
the subject in the Loco Foco papers 70 sne in III
Wing. The matter needs no new explanation ac
corsing TO our view The result has been precisel,
what we have all along expected and predicted
The Argus no, the leading Editor INDUCES II
some very silly talk about the Wing manufacturer
paying higher price for Wool last year than il VA
worth to subserve Political objects" We presume
the Wool-clip Of last year cannot have sold for
far,hing less than s1OOOOOOO and If the srt'hcia
enhancement, averaged cents pound. the money
actually thrown away cannot have fallen short o.
o. 100000 l. there one man so dementedby party
prejudice a. to believe that Manufacturers or Wool
BUYERS actually threw away Million OF Dollars Ia
order 10 produce a Political impression VINO
sacrificed the money! II would hardly DO to charge
this 10 .Biddles Bank Who can have thrown
awaya Million Of Dollars in orderi to produce folu
cal effect which could certainly have been exceeded
by the direct expenditure Of tenth OF the sum
We, there il truth blundcrcd at and used TO pro
duce false impression by the Argus. The demand
for Wool was eager the hopes Of its producers and
consumers sanguine. and the demand for Cloths n
the Spring unusually good. Manufactures were
springing up or extending their operations under
the impulse Of the New Tariff and the prices o.
Wool probably wen, higher than the Fall and sub
seouent prices Of Cloths would Justify. rising
market. a thrifty business, apt to be pushed too
far We have already expressed our belief that
Wool might have ruled lower this Spring than last
il Mr. Clay had been elected, though we are by no
means sure Of this If the WOODEN business has
been profitable, and the election OF Mr.. Clay had
secured the continuance Of the present Tarlh' The
rapid Increase Of Wooden factories in every part OF
the country would have tended to keep up the price
of Wool This increase has been checked by the
triumph of Polk and the consequent expectation
thai the Tariff is TO be cut down. Such is the effect
Of the common sense law Of demond and supply"
of which the Undergraduate Of the Argus talks with
exceeding confidence and fippancy.
But says the junior of the Argus, Iron has
risen while Wool has fallen
II the apprehension OF having the Tariff reduced
should seriously affect Wool why should not ihc
same result fall upon Iron =
So il would if the apprehension had been the
same and nothing else had in,erposed to prevent
that result But ii is not expected that the Loco
Focos will treat the Iron so badly as the Wooden
interest ia revising the Tariff The Iron interest i
very strong compact and intelligent it is the lead
ing interest in Pennsy lvana. and went in part for
Polk on the understanding that il should be taken
care of MIR Buchanan is its representative in Mr.
Folks Cabinet II may fairly insist that IL be treat
ed no worse than il was in the Loco Foco Tar
if bill Of 1894 when Woolens were cut down to
ad ralorem duties of Is TO 25 per cent while Iron
was left protected by specific duties of 40 to 20 per
cent Wool and Woolens hope for no mercy at the
hands of Loco Foco Congress Iron expects to
be sustained there
But the recent rise of Iron commenced and was
carried highest in Great Britain the rise here was
but consequence Of that The cause Of this gen
era rise was a largely increased demand for Iron
throug hout the civilized world. This demand, cspe
ciay for lines of Railroad, far outsripped In,
production and forced up the price. 1t was just
though new and profitable use had been found for
Wool. making demand for double quantity OF
that staple Prices would of course have risen
rapidly and largely. and remained higher until the
increase of production thereby stimulated had
brought the supply up to the demand again. This
result can be more quickly attained in Manufacture
than in Agriculture for obvious reasons and we are
confident that the high price of Iron this year will
10 increase the production Iron soon 10
range lower than last year and continue for years
TO come.
But. says the Argus
"The absurdty of the whig clamor is the more mani
feat when remark that the Democratic Party hay,
urgently insisted that Wool did not have fair rate OF
Protection under the present Tariff There is old
maxim that those who 60 out for wool sometimes
back shorn.'
Well, sir; if the Democratic party have urgently
insisted" on higher Protection for w DOL may
Of course expect such Protection at the next Session
Of Congress- when they to have every thing
their own way. Why won't somebody put faith in
all this and so pile up the Wooden factories and buy
mountains of Wool at a little better prices There
are Loco Focos enough who have the cash TO buy
the w COL and would do il if they believed the Pro
lection on this staple would be increased by Loco
Foco Legislation. But nobody, of whatever party
isso excessively verdant as TO believe " the Demo
cratic party have urgently insisted as above for any
other purpose than to swindle the wool growers into
voting for Polk. And though many man has gone
for wool and come homo shorn, as our iacetous co
temporary observes. dclibcr
aiely shcared and skinned themselves those Wool
growers who voted for Polk and Texas with any
serious idea of getting better rate of Protection
their Wool
But we do not propose TO rcarguc the general
question. Our opponents have achieved Power
foully, as we believe and know-but they have it,
and will do with il as they please. We told the
People that the election of Polk would ensure the
breaking down of the Protective Policy--we cxpcc,
nothing different from this now Many refused to
believe us last year-pcrhaps they will prove right
and we wrong in the premises. We fought the
great battle of ls4i openly and fairly for the Tariff
the Protective Policy and against the Annexation OF
Texas. Our opponents. especially in this State and
Pennsy snia, did no, fairly meet these issues but
skalkcd and cvaded them. Thousands who voted
for Polk did not mean TO vote against the Tariff or
for Texas but their intention counts for nothing
heir act has done the business We have no
choice but to look on and see how the matter turns
put We see nothing to prevent the overthrow OF
he Tariff except brcakingup hgh, among the
iiscordant bands who rallied ON Polk and though
his is likely to come do not expect j, in season
% the Tariff Yet il may come far sooner than