Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1866-11-27

A few lays since tho New York Post pub
lishcd statistical tables showing that As . |
mater of fact the prices Of American grown |
wool have been highest when the duties on /
imported woods were lowest; and high du.
ties on foreign crown woods has in every
case proved inlur Gus to American farmers.
Referring in the same connection to the ex>
i,tiug pane among wool ma ufactures, the
Port says
When shall we get wisdom? Experience
sceus of 10 avail, and we periodically re
Iroiaoc the same disaster. \ high protec>
tive tariff stimulates production 10y reason
o. the profit il promises, without reg -rd to
the reai requirements OF the country an
overstock necessarily ensues this dvpreci>
a,es prices until continued production brings
loss instead of profit Manufacturers orna>
ment their mills with mortgages become
embarrassed, fail; the mills are stopped,
the workmcn discharged production ceas-
IS and the existing stock is gradually ab-
sorbed prices rise there are only lew
mills left in operation to take advantage OF
the rise, and the foreign manufacturer steps
| in, sells his goods At the advanced prices.
and profits by our folly.
| In the meanwhile the WOskmeu Who had
been attracted to the mills by the high
prices Of labor" which the high protective
tariff induced the mill owner to promise,
has been thrown out Of employment and
obliged 10 seek work 10 which he has become
unaccustomed which involves privation
and suffering to him and his iamily-and
the Industry Of the country has received q
shock from which il cannot recover for
years.
What is now true Of the wooden manu>
iac,urer, protected By. . high tariff. will be -
true Of all other important manufacturing
interests, SO protected, If this false system
De permitted to develop all its fatal results.
The wooden manufacturing interest now
calls for a reduction in the tariff on wools-
but with what right or justices Why should
the farmers, who constitute large proper
ton Of the consuming population, be obliged
to sell their wool 1t prices regulated by com.
petition with all the rest Of the world, and
purchase 1t again in the shape Of cloth q
p.ices enhanced by tariff for tho benefit Of
the manufacturer
, The manufacturer says: 1.-The home
manufacture OF cloth is = benefit to the
country" But the farmer replies "Stili
more so is the home manufacture Of wool '
and in case Of the closing Of our ports, by
war, the only case in which the exclusis,
J seIfsupporting system can present even an
argument fer its xist"nce, the former coult
not continue without the lat er. The man
ufacturer says: "Iou have induced US tc
invest our capital in mills by the promises
in high prices and the exclusive possession
OF the home market, and we shall be ruined
il you compel US to compete with England.
But the farmer uses the same argument
they refer to the costly importation Of im
! proved sheep from abroad, their high price!
r they have paid, The buildings they hav
, erected and the fields they have fenced
And thus it is with all protected interest.
The conclusion OF the whole matter Il
that the manufacturer ought to DO able 4
buy his wool and the farmer his cloth in th
. cheapest market each can find. Under n
: other condition can the agricultural an
- manu- featuring Interests ever be healthi'
developed, work in harmony, and 10 eli
tablished on IA firm basis, SO rs to produc
. the most profitable results
> The Bridgeport Conn Standard tells
story Of John Morrisscy, which he need nc
y be ashamed OF towit On one occasion
e when some rude men were denouncing
certain minister. Morrlssey remarked: "M
7. mother goes to that minister's church-an
I'll whip any man who speaks against IN
y mothers minister"
The man who has been most liberal
3 the poor Of London is not an Englishmar
but an American and the man who pro
poses to spend 100000 for the poor I
I New York is not an American, but
n Scotchman.
The report Of the Commissioner Of Per
sinns will show that there is but one Revo
Y lutionary pensioncr living, namely, Samu
. Dunn. who enlisted from New Ilampshir,
and now resi- cs IN New York
!, Max-not Maretzek. but -iniiian is sai
4 TO DO about to appropriate for his own us
several valuable old paintings and othe
Mexican relics" One would think that
n would hardly need any memento Of Mexio'