Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1884-05-21
EASTERN NEWS.
National Mass Meeting Of the Wool
Growers Of the United States.
A STRONG APPEAL FOB THE REsToRA-
TON OF TIE WOOL TARIFF OF 1867.
Great Excitement Over the Failure Of
the Erie County Savings Bank.
MECHANICS AND POOR PEOPLE
THE LOSERS OF 100000.
Death of Palmer, the Last of
the Napoleonic Guard.
ESPECIAL TO THE SENTINEL.

A4G VA0
CHICAGO, May 20.-The national mass
meeting Of Wool Growers of the United
States reassembled at 10 o'clock this morn
ing. The committee appointed to prepare
an address to the wool growers and sheep
breeders reported the following: Gentle
men: At the National Convention Of Wool
| Growers and Sheep Breeders in the
| United States, held at Chicago on the 18th
| of May, 1884, and which was attended by
| delegates from 20 States, q committee was
| appointed to draw up an address to the
wool growers Of the country, for the pur-
| pose of arousing them to q proper realiza-
| ton of the necessity that exists for imme-
| diate and energetic action, if they would
rescue the great industry in which they
are engaged from its present depressed
condition, and from the impending danger
Of a still more serious nature. The under
signed members of the COMMITTEES firmly
believe that the existing sad condition OF
the interest you represent has been
brought about largely, If not altogether,
by adverse Congressional legislation; that
il will not again be prosperous until Con-
gress shall revise its action at its last ses-
sion, and restore the rates of duty to those
which prevailed under the tariff Of 1867,
by which, for the first time in the indus
trial history of the country, equitable re-
lations were established between duties on
wool and those on wooden goods. 1t can
be conclusively shown that the Tariff Act
of that year gave to the American pro-
ducers of both woods and wooden goods
ataaI- r1.-l1+e a.1 aan-HaA kho axnraa-
sion Of the production, and through this
expanded production it gave consumer
cheaper woods and woolens than were ever
before known in America, and brought
prices for all goods of ordinary wear, and
Of many for fine and luxurious wear,
lower, or as low rs are known in Europe
or elsewhere. The repeal of the tariff Of
1867 on wool and wooolens was not asked
for, as has b. IN alleged, by the conserva-
tive business sentiment of the country, or
by any considerable number of the Ameri-
can people. 1t was brought about wholly
through the efforts Of importers and 9TH
ers interested in securing in the United
States q market for foreign woods, aided by
a few parties who desired to make use OF
the foreign product, with which TO
subdue the American markets and
menace American producers, upon
whom they were necessarily compelled
to rely for nine-tenths of the wool
required in their business. These
combined influences, unpstriotic and un-
American, led to the passage OF the I'M
wise, abortive and suicidal tariff Act Of
1883, 10 which we firmly believe may be
attributed the present depressed condition
| of the wool industry. You have doubtless,
| gentlemen, heard much Of late touching
the soundness Of the policy of putting raw
| materials of manufacture, including wool,
on the free List. We trust you will resent
such a proposition whenever and wherever
| made, with the indignation which 1t justly
merits. Wool is the finished product Of a
/ million flock owners, who have by years OF
intelligent and patient labor, and the ex-
penditure Of large sums Of money, brought
| their product TO its present high standard
| OF excellence. To class it simply as raw
material, something that has been pro-
| duced almost without cost or expenditure
| OF time and labor, is an injustice, and
| against which we trust you will enter an
effective protest. The argument used in
defense Of the principles Of protection will
apply at least as forcibly to wool as to any
article in the tariff schedule. The growing
of wool is equal with the growing Of food
and forests, and with the manufacture OF
iron and steel, the maintenance of q com
mercial marine and navy, Of q national
military primary element of national
defense in war;, and of financial
security and independence in peace.
The loss or neglect Of it would derange our
entire monetary system, and place the
entire country and all its interests in the
condition Of industrial and colonial vassal-
age to foreign producers. 1t would be
equally fatal to happiness, and unbecom-
ing to the dignity and honor of q nation,
whose annual increase in wealth is now
three-fold that of any other nation, and
whose population now gives ii the second
rank among civilized Empires, and first
among free, s~elf-governing and enlightened
people. The appeal finally declares that
the wool growers nave q right TO ask Con-
gress for the restoration Of q measure Of
protection, and concludes in the following
lines: Finally. believing that q desperate
disease requires heroic remedies, we espe-
cially urge you to sustain ss the polls for
legislative offices only such candidates as
are in favor of adequately protecting and
encouraging the great industry Of sheep
husbandry, by voting to restore the wool
tariff OF 1867. or rates Of duties at least as
protective as those embodied in that Act.
The report was unanimously adopted. The
remainder Of the session was taken up with
the discussion Of methods for united action
IN the pending national political canvass,
in making the power Of the wool-growing
industry felt. Adjourned.
Misplaced Confidence.
ERIE, Pa, May 20.-The city is in a
state Of great excitement over the failure Of
the Erie County Savings Bank, with liza
bilities Of $500, 900, nearly all Of which is
owing to mechanics and poor people. The
institution was incorporated in 1871. with
a capital Of $50, 900, and had heretofore
done . safe business. A year ago. Presi-
dent Adam Brabender began specializing,
it is said, and recently, on the break in oil,
lost $40, 600. When the Treasurer opened
the safe he found that the time-lock had
l ham \ q m naF0d unt&A - III H.