The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1856-12-11

homo! They arc too shrevd tos that. Yos
may mistake, perhaps, 10 sspposing that III
WOOD grown In the United States forms sny
signi6saat portion Of The product Of the world
II certainly dos not and II mover will, sf
long - the growers Of Il esscvesc 10 theiI
present suicidal policy; policy which com
pcls tho manufactures 10 push his production u
thc greatest possible extent, one year, and per
hsps reduce It 10 IL minimum the next Lei
tbs world b. opea 70 bis purchase Of raw mate
rial, and be could then compete with thu world
10 bis prodsctiou. lie will not then be driven
out Of market because his English, French OF
German competitor can procure the WOO
cheaper than DO can nor will you be driven u
raising mules, swine or cows because he cannot
Afford 70 buy your wool at lair price. In
competing with tho world, he will have q
Straightforward. regular and equsbIe market
Tor his cloth, subject only u such minor varia
tons ~ arc the results u rates u interest aBd
exchange, and the bountifulne& Of harvests
and. ~ natural consequences. he can afford tt
give you straightforward and equable price
for your wool.
How has it worked in England !! IN 1902
tbs Protsctioniyts, just M confident ~ you art
nov, that high tariff was necessary on tho
raw material, laid duty Of over five shilling,
sterling par cwt. on wool But, alas the home
growth did not increase! The growers, some
how, just like you, needed steady and regular
market. They thought the duty insufficient
and increased II. by 1919 it had risen to 81
shilings sterling per cwt.--or nearly IL cent
per pound-and still they did not grow the
WOOL Pf0tectionists began to doubt LITTLE
Doubt led to inquiry. The injurious effects Of
the restrictions were 70 manifest that the policy
was reversed. 10 1924 the duty wes reduced
10 one penny per pound Oh fine, and half pen
ny on coarse qualities. Four years after this
Parliament instituted an inquiry into the state
Of the wool trade OF tho Kingdom, which end
ID In the entire repeal Of the duty. The result,
WAS, that while the home growth increased
under the high tariff policy from 1900 to 1928
only from 91,50O.0O9 pounds 10 ] II coo, 900
or only about 10 per cent.-the increase under
the vREE TRADE system Of 1923 TO 1850, wa
from IL l 600 900 pounds 10 275, 900 900 pounds
per snnusi, or over iG0 per cent. And that
too, with slaughter Of mutton varying from
7 to 10 million Of sheep and lambs per year
And II Vas, and has continued 10 be healthy
increase, because II was based upon demand
from the manufacturers; who now, being able
10 compete with the manufacturers OF Other
countries, for tho material, could not be under
sold by them In the fabric. And they In VI
ever since gone on, "conqucring and TO con
quer" In their business.
Now, Is there any earthly reason why the
samc results should not follow the same policy
hcrsf We know that the high tariff on WOO
here has not caused an increase In the number
Of sheep for tho last ten years. You, farmers
hive not found II, in the long run, profitable
inyestment, because you could not depend upon
Il. II has bccn too high one year, and too low
then--throwing II Into common stock with
the worlds market, 10 that 1t shall be sought
In common by tho worlds manuiactarcrs-ths
only possible way Of giving Il that stealiness
which will make Il reliable and profitable
cropf Spectators and dealers may. doubtless
BIO loud mOuthed in their EXPLANATIONS agains,
il T; and for very good reasons. They maxi
their money osa of fhsss very fluctuations. Their
policy Is 10 depreas the market to buy, md
then hold on. il they can, and control the mar
ket, until scarcity compels the manufacturer
70 pay what they ask.
! answer your question then, what would bt
the result Of admitting wool duty FREQ, NJ toll
lows
|. Il would Immediately raise the price q
wool In tho foreign market.
2. The riss in the foreign market would pre-
vent fall in our market.
2. Our manufactures would rapidly increre
aud there would bc such demand for yoar
wool. that the growth would increase, year BY
year, until We RAISED at hous all the woods W.
4 Al, lao, "A ths