The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1891-10-01

OF the nineteen grades of wool consid-
cred only four were cheaper on Aug. 90
Saturday of this year than on the cor
responding day of last year, one brought
the same price and fourteen were higher
than before the Mckinley law took ef-
feet. These woods represent the grades
produced in all parts Of the Union. Be-
cause Ohio wool. a particular kind, hap
pens to be cheaper, for the reason that it
is the wool most affected by the competi-
tion of Australian grades, it hardly war
rants the general assertion that Ameri-
can woods have declined under the new
tariff law.
Even Ohio wool furnishes striking proof
of the beneficial effect of the new law
upon wool prices. Although Australian
wool has declined from an average price
of e14 los. 4d. a bale last year to Eli 8s. ed.
q bale this year-a fall of about 25 per
cent.-yet the standard grade Of Ohio
wool, Xxx, which is the corresponding
grade OF American wool, only shows
decline from 83 to "a to 81 to 80 cents
pound, or about per cent. The Nc
Kinley tariff kept up the price in the face
of tremendous fall in the worlds prices
for wool. Certainly to prevent a serious
decline under these circumstances is as
positively beneficial to our wool growers
as to cause an advance under ordinary
conditions.
We add some remarks recently made
by Senator Sherman on the price of
American wool:
"If you favor Free-trade, here we have
the largest Free-trade ever had in the
United States. By the Mills bill fewer
number of articles were added to the
free list, but among them were not
sugar and molasses; but woods Of all
kinds, the importation Of which in 1890
was 105, ,431 1886 pounds. valued at over
$18, 900 900, were to be admitted free Of
all duty. Now, fellow citizens. this
striking contrast between the two bills
recalls to my mind if not to yours the
interview had with the wool growers
of Ohio on the old fair grounds here,
when was excusing myself for voting
for bill which, against my wishes, re.
duced the duty on one grade of wool one
cent pound, OF from twelve to eleven
cents a pound. remember how my
Democratic friends arraigned me and a
Democratic legislature proposed to cen
sure me, and all the sheep of Ohio were
| bleating their reproaches against my
| perfidy; and yet now, when the Mckinley
law has restored the old duty on WOO
and provides new safeguards against
evasion of the duty, when the WOO
tariff is made precisely as Ohio farmers
wanted it, our Democratic friends
the same persons. Iimagine-tell us the,
| prefer the Mills bill that makes WOO
free of all duty and brings our farmer
into sharp and close competition witt
the wool growers on the wild plains ant
pampas of Australia and South America
This may be politics, but it is not far,
as the Missourians say.
This is not all I have to say abou
wool. When this summer the price 0
wool was not as high as it was q yea
ago, they said that Mckinley promises
them it would be higher if his bill passed
This was not true. He could not AM
did not expect to control the price 0
wool in foreign lands What with tn
large importations of wool in advance Q
the taking effect Of the law and the yer
low prices at the sources Of supply, tn
price OF wool was lower this summe
than the farmers hoped. But what woul
it have been if the Mills bill had passed
Wool is worth in Canada sixteen cents
II is worth in Ohio twenty-eight cents
In competition with Australia and Sout
America the difference is greater by tn
addition of transportation. II our Demo
cratic friends do not like the price {
wool under the HcKinley law how woul
they Lie Il under The Nills billl