The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1884-01-25

from thtrty-three TO tw0nty-two per
cent, ad valorem, the price Of wool
increased and was maintained at from
six TO eight per cont. above the fornor
rates" And she explanation given by
M. BAudrillsrd 10 significant and 10 the
point. He says: "The home prodact
Is not sufficient for the daily increasing
wants Of our industry. Every check
thrown Ia the way Of the latter affects
It's activity. As soon as manufacturers
cannot procure foreign woods they de-
crease their production, because they
sannot fad at home the required quali-
lsss and French wool, which they
would have used 70 mix In lies about
In the market The statistical tables
Of England lead exactly 70 the same
concldsisns-high duty, low wool at
home, moderate duty or free wool
prices good At home" Mr.. George
William Bond, of Boston, protectionist
and Republican in politics, who Is
leading authority Ia the United States
upon all questions relating 10 wool
whether AZ TO varieties, prices, supply
or demand, in letter addressed 10 Mr..
A. N. Garland, Of Springfield, H., late
president Of tho American wool growers
association, bearing date May IL, 1883,
says on this point Our fine woOls have
always been higher, other things being
equal, when We were able freely 70 i'm
port the woods Of other countries at .
low duty, or at no duty at ell. When
the tariff Of 1867 was passed 6ne wools
became virtually free, so that We went
into full or nearly full competition with
Europe. What was the effect Woods
advanced immediately in the markets
Of production abroad twenty-five to
thirty y-three and . bali per cent, 50
that We got them no cheaper than be-
fore, and the prices Of domestic woods
advanced. Now this was an advantage
70 our manufacturers, ~ IL enhanced
the cost TO the foreigu manufacturers,
80 that ours could well afford TO pay
the advanced prices. Reduced TO gold,
the average prices Of wool have been
lover under the tariff Of 1897 than
they we're under that Of 1857.
Ia 1879 woods declined 30 much In
England that the tariff on the goods no
longer protected our manufacturers, and
thoy would, many Of them, have been
ruined, IL orders for wool bad not gone
out FROM this country, which for some
kinds Of wool advanced the price in
England from ten snd three-quarter
pence, at which purchases were made
10 August, TO nineteen pepce, paid in
the following April. This grsat advance
was not warranted and reacted severely
upon some Of the importers, but it saved
the country from . moro severe redue.
ton 10 prices than would otherwise havs
occurred by enhancing the cost Of tor
eign manufacturers, notwithstanding
the accumulated stock of foreign WOO
here. About forty per cent. Of th'
wool imported that year was held over
England then sent us goods made OF
coarse grade Of wool taat we raised yer,
little OF, aud, while the fashion lasted
is seriously reduced the value Of on
iAer wools.
Al Thus you see that, hedge your fin
woOls about by tariff As you may, tn
| freaks Of fashion will sometimes max
q breach in your walls of protsctior
/ The present indications are that R6odi
with finished face, will soon again b
/ in fashion. As yet We have fouAd al
d most no woods in this country adaPte'
r TO this manufacture. We shall agai
0 be obliged to import, and If the taril
sheuld be too high to allow of thai
many Of our mills must be closed, fc
4 the people will follow the fashion
Should this come, You may look agail
/ for decline in the bulk Of the wool
, Of this country.
I might go into statistics and demon
. strate every statement here uade, bu
: 1t would be no stronger If done. L
/ the face Of facts, figures and history
. which has repeated itself at least twic
! in our own country within the space {
about sixty years, I am asked to aid il
: repeating the folly of putting up th
) tariff on foreign wools, which mos
! respectfully decline to do for the reaso
that in the long run 1t would injur
, rather than benefit the wool CROWN
, interests Of the country, by restrictin
!, the extensicR, and prevent the diversi
: fying of home manufactures, thereb
: limiting the consumption Of the RAJ
: material which must result in keepin
: down if not in further depressing th
! price Of domestic woods.
. 1t is doubtless true that the redus
Q tion Ia the tariff contributes TO the lai
a decline in the prices Of domestic wool
. but there were other and more potter
{ tial causes operating 70 hiring about th
decline. Overproduction in home maj
o e..k...a~. ,nfaa. kha ct;nnrlua nf ann,