The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-09-29

PHILADRLpnIA. Sept 2S.-Dispatehes
printed in the newspapers September
y say that Congressman Springer, in
recent speech, stated that the tables
and quotations Of foreign and Ameri-
can prices contained In the wool circu.
lars of Justice, Bateman & Co., of Au.
gust 20 and September l, are incorrect
md without foundation in fact. In re-
ply to this Mr.. Justice has the follow
ing to say:
"The wool circulars alluded to are
those which give the quotations side by
sido of Ohio medium in the United
States and Australasian medium OF the
same quality and condition in London
from the time the tariff law went into
effect in 1868 up to and including 1891,
showing that the average price received
from wool OF the same quality in the
free wool market OF London during all
OF that period averaged 5l per cent less
than the price paid in the United States
for the same kind OF American wool
under protection.
The quotations for domestic wool
which he says are incorrect are taken
from Mr.. Springer's own report OF the
ways and means committee to the house
of representatives see page 81, report
No, sol. We assumed that Mr.. Spring
ers figures we're correct, and never
questioned their accuracy, as they were
furnished by him as chairman OF the
ways and means committee OF the house
OF representatives, and this ought to be
and heretofore has been the best au-
thority. The London prices were OBJ
tanned from the published quotations
of January |, 1902, OF Measra. Windeler
& Co., OF London, England, and are
prepared by them for the London mar
ket without regard to any political use
that might be made OF them in the
United States. Mr.. Springer says that
to show the utter unreliability OF this
tabie, the figures, Of which are his own,
he needs but to refer TO the fact that
American prices between 1868 and
1879, before specie payments were re-
sumed in this country, are given in
American currency then deprecated.
Ohio medium wool brought 72c in the
United States in 1879, because of the
protective tariff, which duties had to be
paid in gold, which at that time was at
premium, and which premium was
equivalent to SO much additional pro-
lection.
The London quotations which Mr..
Springer objects 10 were merely repub-
lished by US, yet Mr.. Springer tells the
wool growers OF Illinois that the republi-
cation byus OF the best authoritiesin the
wool markets oil the world discredit our
firm, and If he is correctly reported, he
further states that we knew them to be
untrue when thoy were published.
In reply to this statement Mr.. Justice
said he had ample proofs to back up the
statements made in the circular. The
statement closes as follows:
"Mr. Springer has no practical or ex-
perienced knowledge Of the subject
which he discusses. He assumes to lead
in direction that, II successful, would
disrupt all the business conditions OF
this prosperous country. lie does not
know the difference between the value
Of secured and greasy woods. He has
procured his information from sources
as unintormed on technical points as
himself. Our knowledge is from our
practical experience, covering q period
much longer than that which Mr..
Springer gives. The quotations are
from purchases and sales actually made.
Mr.. Springer has accused Us Of falsi-
flying for partisan purposes. We do not
at present return this charge against
him, but are willing 70 attribute 70 bic
ignorance OF the subject the misstate-
ments he has made. These are impor.
tant and will be spread widely, coming
from man Of such party prominence.
We await refutation OF himself and
vindication Of ourselves by the public.
We think, however, that il is iortu-
nate occurrence that our wool circular
has made IL possible to bring before the
public the dimsy character OF the pre.
tense by which Mr., Springer and hss
party leaders are striving to beRuile the
uninformed voters Of the nation.