Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1849-05-17
Wool and Woolens.

While both factions of the old line locoiocos
The Castles and Van Buren, men) are striving
to fill up their ranks for an alliance with the Free
Traders of the Union, we commend the follow
ing 10 the reflection of the friends of Protection
1t is high time that the people and government
of this country sboulG awake TO the subject Of
that great branch of industry involved IN the
growth and manufacture of wool. 1t is not
mere question of profit, II is question of Persistence
There are in United States not less than twelve
millions of sheep in Vermont alone there are
nearly two millions. More than fifty millions of
dollars are invested in the manufacture of wool.
And can any one contemplate the Importance
of this branch OF indnsry--a branch which, next
to raising food is indispensable TO life-aDd then
coolly say IT is not worth retaining, what is The
same thing not worth protecting. 1t is demon
strablc iact-a fact now fully proved by expert
ence-thot wool cannot be raised or wooden cloths
manufactured at the present prices, without
great reduction in the price of labor, both agr-
cultural and manufacturing. 1t is not pretended by
free traders themselves that existing prices will
renunerate either the capita or the labor employ
ed in either branch Of the wool trade and If il
were, II would be case OF false preence alto.
gelher II Is not a mere temporary depression
IN The market, caused by a surplus of the raw
material, or the manufactured goods but it is a
fact reluctantly admiued by the manufacturers
themselves, that with the present direct compe,
ton with the pauper labor Of Europe, one OF our
most important branches OF industry must 90
unless something be done TO give our own farmers
and manufacturers preference in our own mar
ket. 1t is true, there is at present kind of spas
modlc attempt To raise The price OF wool und wool
ems but II can amount to nothing permanent so
long as man can sit down and figure up an
actual less both In growing and manufacturing
wool, uuder the most economical circumstances,
at prices considerably IN advance Of the present
ones both tor the raw materials and goods
We see statement in The lthca, NY. Cbron-
Gle to the effect, that from the first Of June 1876,
to the Odd OF September, Ie4S, the Ithica Falls
Wooden Manufacturing Company have lost
Sl7, 500 accustomed by depreciation of wooden
goods about thirty cents per yard. It's happy and
fortunate stockholders are how called upon to pay
an assessment oil Ten per cent on their stock for
The purpose OF making up this deficiency. Their
shares have been already paid for in full. No
dividends have been received, and now ten per
cent. is called for. How long The sloc khoders
can hold on. under this state of things, remains
to be seen; but it would soon ruin ordinary men
to keep such stock for great length of time
And yet, what is SAID OF this company may be
said Of three quarters Of those engaged in the
wo oen manufacture IN the United States. We
DO not believe one establishment Of this kind has
made money during the paslt years, and some
nave lost more than that of ltlIica. We repeat
therefore, with them, 1t is question of eristence
Ii u ma orlty Ct the people OF the United States
think II best 10 blot out this great branch of indus
TRY, they have but TO wish 1t aud The thing dune
! Boston Mail.
Here is another important article from the
right source-one of the best agricultural news
papers in the u mon.