Daily Yellowstone journal. [volume] (Miles City, Mont.) 1882-1893, 1892-04-19
A CLEAR CASE.
A Tariff Does Certainly Protect
The Wotl-GroWers and
Their Business.


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tuted by Facts.
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Interesting tn M"nt.nn reoplr.
Not respectfully for tf,v Information OF
wrol slnw.r*, who We prtS:@n are
well r,~ttd on the subject, but t"r the
ttucutlon and Information Of those
who, not reading closely, nre liable tn
le 1ni>!ed ty plehuu CT official state /
ments, we publish this morning the
gist nf u recent circular letter sent out
by Justice, Hatenun d Co., won| com-
mission merchants. PhiIadelphin, in
which the free wool lus stion is freely
and lairly discussed, nnd the inten'
tional misleading statements Of the
democratic majority Of the Ways and
Means committee, put forth to bolster
up the SF ringer bill, fully refated.
IL a recital of fact4 that should be read
by everyone, and we regret that our
limited mechanical resources prevent
the reproduction OF tho elaborate tables
that are referred to, and form q very
important part of the original docu~
ment:
Expectations.
The great cheapness of foreign wool
hes led to All increased use Of 1t In the
United States. The imports for the
seven months ending January 81, 1902,
measured by weight exceeded the tm-
ports Of tie same seven months, end
ing ia uary 81, 1901, bv nearly IS 1er
cent, while owing To the low price
atront, the lncresse uleHeurett by
value wa4 only o} Wrcent. This gives
some iueu ut tile enormous decline III
the price ut wonl in Europe. Atten~
tiuu i. called To these facts hrcau>e
they emphasize the full In the value ft
WOO; which Is taking Place in Europe,
the gr+At extent Of which IN undreaul-
ed of by the AMI ricAn wool growers,
/ who up to this time huve been protect
ed from this tnt rnuus decline by the
| benetIcen' protective features Of the
Mrk,ntey tariff law. The decline
utrond, however, has already ottaet
the increased duties o. this law, the
good fleets If which we're also virihfe
In thu falling IF in the imports Of
manufactures Of wnnl. Millions OF
dollars worth Of goods which tormorly
were imported ARE nov manufactured
in this country, as will he seen by ref
erence to the following stntistlc. Ut the
treasury department.: The imports o
manufactures of wool for the sever
months ending January /. 1891, ~ert
$!!s, 1855, ESQ, while the imports for thu
seven months ending January 81. 1892
were only 22,542 ,l00-a falling ct o
nearly 23 per cent. The quantity o
goods now made here, but formerl,
Imported. represent an increased con
sumption Of wool in the United State
In seven months of nearly 10, 9,000, ,00
pounds, and 10 probably the ressoi
why American woods have declined a
little, while foreign wools have declii1
ed 20 much.
THE SPRINGER FREE WOOL BILL.
The etfurt of the majority of tn
House OF Representatives to cut dow
the price of American wool tc the de
pressed level OF Europe by placin
wool on the free list ls discussed above
where it 10 shown TINT the actu<
secured cost of American wool unde
protection is more than double til
present secured value of similar grade
In foreign markets. The effect of tt
Springer bill would be to reduce tt
value of American wool more tha
one-half.
That this truth should he know
now is the more important, az the N
jori:y of the Ways and Means con
1nittee have made public sonle Klaril
mls~stateruente, which unless dispro
ed are likely to deal Il tellous blow
wool growers ia tue United States.
DEPRESSION IN EUROlE.
A former English, but now Phil
delphia worsted manufactured. VIII
after the passage of the Mcktnl
bill, transferred his machinery fro
Bradford, England, to the vicinity
Philadelphia, writes from Englal
that the depression lit The wooden bt
lncss In Europe la 90 vast tl,nt wea
:, ers formerly employed by him VIII
In England are now receiving only
shilllngs or about $3.25 per week
against $l3 paid to American lat
working on the same looms and
l.tn ANNA acruina This aa nnar