Daily Yellowstone journal. [volume] (Miles City, Mont.) 1882-1893, 1892-04-19

bill, even with the advantages that
manufacturers would have with free
wool, 1t |. believed. would cltse every
woolen mill IN the United State unless
wages were reduced one.hulf.
>,NE FACTS AiH'UT rKnTEt TIOS On
WOOL.
The whole nun,htr nf sheep it, the
Ur1tcd States under the pr. t~c;ive
tariff law. from 1aU7 tn ISL! tncr~h+ett
nearly 2pr tr eeht. During mott Of
tll= time til. >trtlrd vAlu. uf FIRE gn
wnnl III free trAtie er'lt'trlr~ WAN ]*H"
tl,nn nne-hnlf the tcnured rt.t Of
American wuni under protection, and
that difference exists to-day. The dr.
ellie iu the vuiue 1T secured w.n1 10
IL months, from Mny, 1871, to Mar>,
1892, In free trade Europe wss y; per
cent. Tue decline nf similar Ameri
cHI, wool under protection for ihe 1aiAe
II months was only 6: per cel,t, and
this decline In America was wholly
cauted hy the much greater fall in
vnIut. all over the world, where merln0
woods ure lower than ever before. THE
object Of the Springer bill ~ to reduce
the American woul industry tn the
wretched condition now exiting
abroad. The effects Of the Mckinley
law now In farce enable American
workingmen in worsted factories to
receive 81 against 81 for his European
competitor, and causes the American
wool grower to receive double the price
for his secured wool which is received
by his Australian and South Ameri-
can competitor.
10 THE WOOL DUTIES rKtTEcT:'
Some tlagrapt errors with regard TO
the difference between the protected
prices Of American wool and the free
trade prices in London Of similar
grades appear In the Congressional
Record No. SOL, issued by the majority
| Of the committee of Ways and Means
of the House of Repr. sentatlves In
support Of the Springer free wool bill.
The report and the speeches If the
Hon. Benton Mcmillan In it+ support,
are likely to lend to widespread miss
conception Of the facts.
On page 81 Ut the report it states:
ut Appeals that there were t'me~
" hen Lout]on prit es were greater than
Those in the United State-.' and again
1--WE find that the American wool for
the remaining 13 years averaged lit
lie ie~s in prlce than the foreign wo"l.'
Tbc.e statements are II i-ltudinE and
are not warranted by the tArt%. III
polnt Of fact, thr aveEagn prize o1
SECURE ! \N or merllu wool IL now
snd for many years bus bren. tnty
about one~Ilatf the prize ut -1m'lA'
wool ot like blond und cn'.diti"u II
the United States.
In contradiction If the statement q
the nsjority Of the Ways aud Mean
mi mi.tee, VIZ publish in table No.
which it is inpract!cuble to reproduce
here.-ED. schedule Of ptic+* ,>lI' "
lug the uctual current Rref 1T price AMI
the secured value If American wool
} aud also the free trade or Lundon valu
of The same wool, showing thereb.
F. the difference bet~ cen the p re 0
l American wool under pr )tection an'
l the free trade price OF foreign wool
We also show the decline which mus
- take place in American wool to reacl
q the London level at this date.
U The emount of this decline Is ais
! the degree OF protection enjoyed by tn
American wool grower under the Nc
" Kinley law, and d'sproves the sen
tence on page 81. which says tbs
"Amelic II wool growers do not re
- ceive any increase whatever In III
y prices of their wool by reason Of tn
tariff on foreign wools." Reference
the numerous London trade circular
= aud prices current will furnish unlimi
u ed evidence that the secured cost I
skirted merino wool iu London ave.
age less than one-hslf of the SECURE
cost of similar American wool in II
- United States.
~ ~ The usjorlty OF the Ways and Meal
committee undertake to sustain the
" error by comparing medium or bal
bred Ohio unskirted washed t1eec
:. shrinking 40 per cent with the Po
=, Phillip tklttd, spout washed Autr
lian fleece Of the finest merino or ia
-, ony blood, equal to the finest wool
the United States. Port Phillip flee
Ia not only skirttd, but is washed
clean that much of it shrinks only
per cent. Some Of 1t shrinks Is r
a. cent and some Of 1T 20 per cent; mt
10, of it costs when secured 334 cents
ey against 7Ot cents for protected Anne
m can medium Ohio, which latter IL t
of quality which they incorrectly d
od should compare with Port Phil