Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1845-08-28
wOOL-GROwERs AHOYl

Last YEAR. with the same Tariff but with the OK
pectation that Henry Clay would be elected, your
wool commanded a fair price but this year with
locofoco administration which threatens to reduce
the Tariff your prices have fallen off largely IL
YOU wish wool to be still lower, just support the
locofoco party, and encourage them in reducing
the Tariff and prostratng domestic manufactures;
the results will be, either that hundreds of the man
ufacturers will fall or they will sustain themselves
by putting the price of your wool down to level
with foreign markets, and enough lower to equal
the cost of transportation.
THE WOOL.GROWER IN 1914 AND 1882
- It was everywhere predicted by the Wings at
lesat. one wear ago that if James X. Polk and his
party should triumph i'll the Presidential election
The interests Of the farmer and working men oil the
free States would suffer deriment This was seen
as Notwithstanding that would take place as
natural consequence growing out OF the hostllly
of that party as a whole, to the prosperity OF the
leading agricultural and other industrial interests
of the free States 1t would not be necessary
eventually it was argued for the repeal Of the Tarlt
to effect this-the fact of the triumph OF It's enc
mics would render its continuance so uncertain that
the moned men Of the country would not dare 10
risk investments in those large enterprises Whlch
consume great amounts Of certain productso oil laOor
and particularly the manufacture Of wooens.-
This business requires heavy outlays--and !oEg
period of time to turn the money invested IN inc
raw material back again into the hands OF the per
son investing It. Other business, such az Inc man
uacture of cotton is not so Immediately affected -
the capital spent for raw moterla-couon, can DC
turned in a few months but not so with invest
ments in wool. Hence VIC sec the cotton manuiac-
tories are lourlshng the wooden manufactures
are not doing more than twothlrds as mucn as lhey
might do. And here lies the secret OF the small
competition in wool-buyug, and Of low prlces.--
The owners under existing circumstances care
very little whether they work their mills or not
If they should buy wool at last years prices, they
fear the tariff will be cut down and our ports open
to British manufactures before they could manuac-
ture the wool and get their money again. ANA Is
not this apprehension general 1t seems to be-
And why should it not be, while the organ OF the
administration speaks daily of the members OF the
Presidents Cabinet being engaged IN prepar-
ing plan to destroy the protective features OF the
Tariff at the very next session of Congress Even
the friends of the President believe 1t will be So
else why do they not show their confidence In the
continuance of the tariff and buy up the wool al
prices for which it sold last year? Some of then
are manufacturers and others have an abundance o.
money. But they do not dare to buy largely ever
at present low prices.
Facts speak louder than speculations. And wha
do facts say; Below in iuXtaposltion are the prlce
current of the Boston wool market for July lo44
and 1855