Daily Republican., 1879-11-14
(ynsmSAY's Ezvs.)
4 WOOL BOOK.

4 WOOL BOON.
Msseing ea Wssl 0sswsss II Rsils-
aslDhaa List N1ghs-esnatee nay
ard Present. an1 Makes . opseeA.
At the Continental Hotel ysstsrdsy
afternoon, the National Association Of
Wool Manufacturers held their annual
business meeting, and in the evening
was bsnqustsd BY the Philadslphis
woolsn nanufactursrs and merchants.
Tho Association includes the leading
manufacturers in this trade Of the New
England States, and has been In exist.
snce since 1864. The object in select.
ing Phiisdelphia for . meeting place
was 70 enlist the sympathies and secure
the cooperation Of our manufacturers,
Philadelphia being an important mart
for wollsn product.
After the business meeting OF the
association, which included some in-
terssting reports on the local industry
and the election Of officers was over,
about $50 guests sat down TO the ban
quoting beard. Among those present
we're Hon. Thomas Y. Bayard, Of vii.
mington, John Pilling and William
Dean, from Newark. Whsn the .apps-
tits Of the "inneY man" had been sp-
psassd, the spsech.making began.
Chairman Dolan, rapping TO order,
spoke briefly, saying that the object
Of the Wool Association was 70 pro-
tsct itself from the influences Of the
free-trsds doctrine continually urged
by the manufacturers Of Europe, and
TO furnish the lawmakers q America
with material for the construction Of
the laws for the best interests Of the
American manufacturer and consumer.
Said he:
"The entire woollen indus the
United States for this year is estimated
q. 293 millions Of dollars, with An esti-
mated invested capital Of about 800,
600, ,O0G. The estimated product Of the
New England States for this yssr ID
about @l45, 100000; central States,
$lOO, ,O00, 900 western Statss, e36, 600.
600 southern States, $4,000, 900 ; pa
ciac States, %, 100000. This shows tha,
the wool manufacture IL widely distrib'
uted, and concerns the Central, West.
ern, Southern and Pacific States more
than the New England ; for while New
England's production is el45. 900, COO,
the other sections aggregate sl4s, OOO,.
600.
Other interesting addresses were
made by Hon. Rufus s. Frost, and Will
liam v. Mexican, ESQ.,, Of the Public
LEDGER"
The chairman then announced that
he would call on q gentleman eminent
as a statesman, and one, who is inter
ssted in the wool industry-senatol
Bayard.
This was the occasion for vocifsroui
applause. The tables fairly ratified
from the thumpings and the clappinl
BY which the merchants greeted Della
wares Senator. Apparently over
whslmed by the heartiness Of his re-
ception, Mr.. Bayard hesitated quite Z
time before he could Htly respond.
Turning to Mr.. Mexican, who sat or
his right he said: my friend begged
that you be saved from the exigencies
born Of politics. So say We all Of US
Let us understand that passion has had
it's day, and that We have emerged Il
consider our practical business inter
ests. do not believe that the indus
tries which throb throughout this broad
land we're born by statute. II legisla
ton is to come, let it come, not OF the
exigenciss OF politics, but born Of
careful judgment and calm sense Of
justice to all classes Of the community"
Revsrting to the extent Of the woollon
trade, and to the fact that "there is no
living being In this country whom the
machinery Of this industry does not
touch" he broachsd the broader sub
ject-"the one machine that touches
every branch Of commercial intercourse
honest money" and his references
to this were interrupted by applause.
"This is not the time, nor here the
place, 10 speak Of these subjects in de-
tail. l will not speak Of protection, and
the opposite, but l will say that there
must be a common ground whereon
values may be UNMARRIED, and whore
balances in trade can be struck-an
alliance which must be so fixed that II a
man goes to sleep he may know that
when he awakens the values will be
the same. l have just returned from
trip abroad, and l am proud to say that
everywhere the honor Of America, and
the promise to pay her debts, was re-
cognized as 'gold.'" Here again Mr..
Bay ard was applauded.
eyes," he continued, Eve are back
to specie payments, and we mean To
stsy. How pleasant 1t is to leave un'
der clouds and to come back to sun
shine. When left these shores, . few
months ago, business was fesbly strug
Cling for headway, and trade was At
what your maohinists would call
dead CENTRE have come back tt
find trade gilded with the sunshine o.
prosperity. But let me, as q friend
advise you. There have been losses BY
crops in the British islands, and there
have been losses in the vineyards or
the continent. These have given ar
impetus to American prices. Let ut
take advantage Of it, but beg Of you
not to reckon IL as q certain factor Of
the future in your affairs.
Great Britain has had three years Of
bad crops. The last has been thu
worst. But do not suppose that the
same adversely, in contrast to which
stands our marked prosperity, will
continue. Do not think It will be the
same in future years. The pressure
put to-day to European agriculturists
ill Ir;wa tha,,, tn urootap opda vnp t<