, 1874-12-01

den "a, and 1srso. ineroass, q maehnary: whel
any length Of tino without croatitg nrta ntork Of
sonlo class nf goods or otlcr HIT o,!r Eurorssn cum.
petitor. lsve had their wars and tuur ral,lrs ni,d
Soma Of tcnt. Ike Austria, labor under derrcelatcH
currency ~ bad ns our own nevertheless, hear Ut
no aucl long periods Of depression III any ,naufac-
unstabe condition prevailing III thor wooton ndiiHry
10 arc llcra Witnessed. n. manufacturers arc prone
to rush into tho production Of uue claHses Of gods a.
inDne,,tnry tlcfnnn Iaa rontGrett rratahp and tho
nsarabu reau ip III ovorprniuctton Of thesG laLrtcn
Such IN ovorproluction no'letcs lappo.a to nsanu-
igotrors IN EUROPE but slcy can relieve cln elves Of
their surplus stock 1t comparatively B,na sacria,
1y sostgnIng thc'r eoods to foreign lnnrketH. wuts
manufacturer, having nude his goods out u haily-
taxed wool haa hs,o, outlet for them and Ia COM
pollc to await tho allow operation Of time Or a',bt
~ heeVy aacraco ny forcing ls Bnrllig 0n in lon,e
nara9t IL competition with his sin,thr}y.sltnuttd
Dosore wo enter upon an examination Of Tho effects
OF our tarid o tha sool-arawuH interest, 1t will hc
VOL to consider tl,as neither o'1r country any
Moon Of ull kin ls and grndes; IL luust further 10
boro iii mind that, in order 10 prutt,cu tle crtlless
y, y,arSiy Ct woolcn fabrics denanet by ucs with
tAe highy improved machinery now lii ,Au, and with
tto active comrotion among aii manufacturing na-
tios the FREQ mud nnrestine1 gclcctton Of lilo most
matter Of much moro ilor.nncp to thu nan1frt,lrer
Of eyery country tie, u used to Et in old times. MIR
s u adrsnasu na ws st |s 1T M
tout Wools Of aue1l worainH quality canuot b. pro-
dCcd IN this country, or aro not produced here, In
sufficient quantity Tho simple fact TINT. cvcl iller
our reScns tarif we havn imported from 00c to
c0,D00,G00 rot'ttls Of tne wnu su.fclout1y rroYes
these positions. Tile question uf duty III 1uc wIol
cut, h"rnforo nayor bo s!n.p1e question of protec-
t!ou or ilo protection tn tho %uol-trowar.
RuduEsT1oFH As TT REylsfoN,
1t will bo remembered that iI!aructO.ia from
tho Chanor Of Colnmcrco directed to Ln.Res. such
modo Of rClfer us would not Interfere With extstnN
ratca Of duty If we to bo limited to snc pro.
posalB, mako other aEgHostfon than that OF
changing from Rpecfac dutlcs aud from, specific and
nd vaiore1n combined to purely nj vs1orein duties,
ndtustel according to the average rItes resulting
for cac cass frun tho ejaculation above referred 10
tAppoudi1 A. This Objectionable features connected
with division Of tlo article i1,to c!aaseH would In
TINT casc however, necessarily roIuain untouched.
II ntnen1ed only to Buch limited extent, wuol
tariff would essentially renain what 1t IL,
an 1ll-digcsscl aud incongruuuH 1aw, mud IN
impeachment to the psrtnuncnt prosperity of GIT
manufacturing interest as we'll w 10 TINT Of tic
wool oErowora. Tho benc1s 10 10 oxrccte from such
modification Of our turin would ba Insignificant
that wo canlo with any dcKres Of eafnyscgs
lnon1 T.. Ne believe however, that we comply with
tie spirit Of our Instructions ITO report tho result
Of our investigation:
Fir3t-Tlsat any cEcctual amendment Of our wool
tariff must 3ncflde considerable reduction Uf The
prcsent duties on fine wool.
Sec0HH-TllRt such amendment must consist IN the
establishment Of OILS uniform. nd 4ulUseln duty Oh u
wool, 10 IN to do a,vay with all claasltnons.
1hffd-Ihat MI nd valcrem duty Of 15 per cont
would, I'll Our orinio be just rate, rate that Wet Id
give ccrtsin relief to cir suffering Interests rid
would, ut tho aano time, yield sufficient
Government.