Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1867-06-20
THE REMEDY.

THE hEMEDh'
put If tbe reasonable demands of the
wool-grower are denied him. If he can
not get for his wool the cost of production,
including his taxes the same as the manu-
fncturer what is he to do? There is but
one remedy, and one that involves agreat
| National calamity. Let us prepare Tor
If. Commissioner Wells was right when
he intimated, that, if we cannot get for
our wool the cost Of production, the pur-
suit must be abandoned. We hope never
to see the day when wool-growing IN
Ohio must be abandoned. But IL may
come. Let us therefore prepare for IT,
Let ,s at6nce reduce our flocks fully
one-third, and so, at the same time inn
move them. Let us take out all the
iirhtest shearer, and the mostobjec
HE sheep, to the extent of one-thlrd OF
the whole and fatten them and send them
to market. 1t is good time TO do II
while beef and pork are high. Our sheep
that remain will be improved by 1t
Then after waiting II year or two, II we
still fail to receive compensatory price
for our wool, we can make iurtiier re-
duction of our flocks or abandon the pur,
suit altogether. The great calamity VIII
, then be fully upon us.
PRICE-SUPPLY AND DEMAND.
But, it is said, price is not regulated b9
, what is or is not compensatory, 1uI pS
{ the law of supply and demand. Let "a
= examine the question then in this ligh
r and how does it stand? For this pur
} nose. we need not here go into the sta
f tistics of the amount of wool produced
I i'm the United States, and the amount o
wooden fabrics consumed That mas peei
p. sufficiently done in other years as yo'
4 well understand. 1t is quite enough 10
Y our purpose now to know, that 1t ma
q been well fixed and proven, that the an
v nual consumption of woolens, In TN
: limited States, amounts to many million
!. of Mounds more than the annual produt
l. tion of wool, and it has already been we
l. ascertained, that the wool-product TN
V wear will not be more than IL was las
II Nor can shoddy or cotton enter as iarg'
u ly as formerly into the manufacture
o wooden goods, because, the one Is no
Ie heavily taxed, and the growing OF III
/ other has not been and is not likely
IS be restored to anything like its prist,i
d dimensions. Then again, the conclusio
l. ia reached that this law of supply al
n demand, which political economists te
,r us il ipexorable, will compel the mani
T. facturer to pay at least 10 cents per pour
n for our good woods this year Mt the BAL
ir of the wool-grower.
10 PRICE-THE TARIFF, sc. ..
3, But, it is said again, the manuiactur
~ is not confined to the supply prouuc'
n. nt home, but that he can go to the torelt
" sources. and buy where he can bl
#. CHEAPEST He does not threaten us u
wear. as they did formerly, that he w
is do so: and why? Because he knows
m cannot do so. He would be not only
lg competition with the foreign manuia
il turer and the foreign consumer OF WOO
10 ems, but, with our new tariii now III II
Ie, operation, he must add to thecost OF
no foreign wool the new custom duty, viii
nd there il no way for him now to eVad
MT he must add the premium on gold, wni
at is still we'll up; he must add the cost
,c, transportation, insurance, interest," up
Dl- capital for the time 1t takes, ana all oti
,et EXPENSES and commissions, necessary
en- be paid before the foreign wool Is |,
as down to him in Boston or New 1ofk
he Then he must add to all this the diff
~ ence i'm the intrinsic value between c
I'm good Ohio wool of many cents Ill It's fav
on over ANYTHING he can obtain abroad
mr. How then will stand the count?
I'M will take a case of foreign wool COST
nol 80 cents per pound at the port of sh
,ot ment. We will set down the SPECIFIC
he at ;alorem duties he has to pay at
If cents. We will set down the premil
of 36 peY cent on gold as making zee
vn ON each pound of wool. We will
nd down cents per pound for transpoi
tlon, insurance, interest, commissi'
and other expenses he will have 70
md And we will set down the difference
en- intrinsic value in favor of good y
,on woods at IL cents per pound. These
at ed together make "a cents per Poun'
D at Thus it. appears again, that the W,
nj Saw that the price for good Ohio W.
iii eric x,aar ,ouet ha at least 20 cents, ut