Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1845-08-14

fully understand that their present prosperity Is III
Imminent peril. Another twelve months may not
expire, before their spndles stand motioness' Lake
wise, prudent men they have curtalled their plans
and contracted their operations; and the effect up
on the price of the raw material is most senslbly
obvious. We told our opponents year ago that
the election of Polk would be attended with this
result, and they laughed the idea to scorn. Now
that our predictions are verified with characters
tic esutsm they endeavor to turn the fact to their
own advantage, by advancing it as evidence that
the measures which we have established for the
benefit ofthc country, have proved abortive
But our opponents are every where paradng the
fact, with an air Of triumph, that the importation
of coarse ,cOol has within the last year considerably
increased; and this they pretend to say has seri-
ousy affected the price of wool generally. Not
having the data before US, we are not prepared to
deny that such an increase has happened; though
we must say, that we do not clearly understand
why these large inportations should be particular
y confined to the last of the three years, during
which the Tariff has been in operation. The Ed
tor of the Patriot mputes it to the fact, that Monte
Video, the great outlet for South American wool
was in state Of blockade down to 1914 But we
are afraid that age is impairng the memory of our
venerable neighbor for we are not too young TO
remember that the investment Of that city by the
French squadron commenced in 1899, and termina-
ted in 1S40 unhop lily three years too soon t. afford
a solution of the difficulty. We believe that the
extensive frauds practiced in our locofocomanaged
Custom Houses whereby wool that does not prop
erly come under the denomination Of coarse is adj
mtted with only 5 per cent duty, might do some
thing towards furnishing an eX lanation Of the al
lodged fact However this may be, ofthis one truth
we are assured-and we defy the editor of the Pat
riot any body else to dlsprove tiff the requsi
tons of the Tariff of 40 are faithfully complied
with and rigdly carried out, we have nothing to
fear from the importation of coarse wool, costing
Z cents pound, and under AS long as we do not
produce coarse wool, and as long coarse wool
cannot in our manufactures, be substituted for
fine, so long will the present Tariff fulfill every de-
sirable object The six hundred thousand pounds
of fine wool which were annually imported prev.
Gus to l942, have since been totally excluded
Wool has had the benefit of all the tariff regula-
tons that can be imposed and if its price has fall
len, ,ce, assuredy of all the world not account
able for it.
But Mr.. Patriot, will you have the candor to IN
form us, what benefits the present national ascend
ency of your party are going to secure to wool
growers? You pretend to be par eminence the
friends of this class OF population, and yet you
have elected a President, who once used the fol-
lowing language:
any own opinion is that WOOL SHOULD
BE DUTY FREE, but as wool growers think
otherwise, we have retained duty of fifteen per
cent. upon the imported article"
That President has chosen for his constitutional
advisers James Buchanan, who is virtually in favor
of protecting nothing but Pennsylvania coal and
iron,-George Bancroft, an open, avowed free-trade
man, --Wlliam l.. Marcy, the cat's-paw of Silas
Wright, who in March 1912, expressed in the Sc
nate, his great qualification that there was no dis
position among his friends to impose duties for the
purpose of protection or any other purpose except
for revenue,-Ro ebert ]. Walker, who in 1912, in
troduced into the Senate bill, the object of which
was to annlhilatc all tariffs by enforcing direct tax
alton, and Cave Johnson, who, when the present
tariff was under consideration in the House, pro-
posed to reduce the duty on all manufactured
wool to 20 per cent. and said that he was not in
favor of giving protection to the growers of WOOL"
and was not in favor Of protection to any interest,
other than hat which arose from duties laid solely
and strictly for revenue" Your recognized leader
in the next Senate is Mr.. Woodbury., who when
the tariff of AZ was under discussion, declared
that he would only allow duties to the extent of 20
or 25 per cent; if necessary to 60 above 20 per
cent he would enact horizontal tariff of duties
with no discrimination whatever. Your leader in
the House, and he who is now most talked of for
Speaker, is C. j. Ingersoll, who, when the present
tariff was under debate, proposed bill by which
all wool costing under eight cents pound, should
come in free Of duty, and insolently boosted that if
the Wing tariff passed, the next session would re-
peal it.
Will the Patriot take these things into deliberate
consideration, and then calmly state how much per
cent the duties on wool will probably be increased
the next session of Congress. The present Secre-
tary of the Treasury, too, is engaged in reducing
! the details of the tariff to a revenue standard."-
In conformity to this plan, how much will the pres
ent rates upon wool be raised? We have some
loco foco friends who have plenty of cash. and un-
doubtedly would try to speculate little, if the
Patriot will only furnish the desired information
and we hope he will not be so uneeling as to with
hold it. We would say, however, that they will
probably be satisfied with nothing less than indis
putable data They will hardly be induced, We
think, to invest their money in this way, by the
senscless twaddle of second childhood.
FARMERS OF VERMONT.
"TaEe for instance the Tariff of lS42:-fron
beginning to end there is no just proportion be-
tween the burdens imposed on the rich and on the
middling and poorer classes. On the other hand
L. IL