Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-02-28

Years 40 cents, seven years 46 cents
..What o iall was there my country-
men ffarmers)?H from so cents to "a
cents in seven years under high protec-
ton. Again it rallied Go see where 10
was at, " recover it's wind and get ready
FOR another plunge ia 1850, which 10
made from So cents average 10 1850 TO
40 cents in January, 1888, (13 cents in
two and one-half years In 1883 the
tariff burden was lighteued, and since
that time it has been jogging along at
an average decline Of cent per year.
Such are the benefits TO wool, de-
cline of so cents per pound In 20 years.
IN wool declined 40 cents per pound
in seven years under high protective
tariff, is TO not reasonable 20 expect de-
cline of s cents per pound under the
Mckinley protection aided by the f.
nancial panic of 1898? And il wool
which had declined under the financial
panic OF S57 rallied immediately under
low tariff aud during the second year
stood higher than ever, may we not
reasonably expect a similar condition IN
1894 aud 1895?
ASK yourselves, farmers. with manu-
facturers, commission merchants and
political wool growers, all bowling
''ruinationr' is it any wonder wool is
down ih price. they know that If free
wool Is once tried, that no tariff VIII
ever 60 upon 10 again. They nave
reaped an of the benefits, and they are
ready 20 use every species OF deception,
TO prevent your finding this out.
Another instance of Mr.. Justices IN
reliability: - lie says Australian line
wool and Ohio medium do not enter into
the manufacture of the same kinds OF
goods" True enough; / did not claim
I'D; when finished il would DO like the
comparison of 0rOadclOth suit with an
army Overcoat." This coarse wool is
the foreign wool, costing, according 10
him. 80 cents secured, abroad; while
the 6ue Australian abroad costs go cents
or more Now hear him 10 the Ec0nO-
mist. November 3, 1898. He writes
,'NOu can buy abroad a suit Of fine
br0adcloth containing three pounds OF
secured wool az 30 cents per pound,
secured. Here be claiming that fine
broad cloth is made out Of coare wool
Suitable for army overcoats), and the
difference in favor Of the consumer
would O5y free WOOL be only 80 cents.
Another instance: - He claims that
"lab0r costs from two 20 three times the
labor Of foreign free trade competitors,
making our product dearer," and calls
upon Mr.. Latzke, Worlds Fair Com
missioner from Austria, 70 cOrrOborate
him (when before the Ways and Means
Committed. Below is Mr.. LIS testimony:
American weavers, "being more intel
ligent and industrious than our Weavers,
produce more value 10 day than Euro
Dean workmen." After careful exam
inatiOn of the question, aided by 1.-The
most prominent manufacturers, 1 md
that fSt cents per yard is higher than
the actual cost of manufacture for To-
ounce fancy worsted cloth 10 the United
States" On page 9SS he gives the com
paratiye cost OF foreign labor per yard
en- same goods at 40 cents, against ass
in the United States.
This difference is Is per cent. for the
additional labor cost on that class OF
good. Does Is per cent. additional cost
of labor Justify g 90 per cent tariff
There it is from Mr.. Justices own wit
ness. Mr.. Latzke, a wool manufacturer
from Europe Aud, yet these fellows
howl ruin. and woe. over a 80 per cent.
tariff 20 pay a per cent. difference in
wages.
I now call in other witnesses as 70 the
effect OF protection on wool prices, all
upon his ewn side. First, David Hall
Rice, the protection champion OF the
Home Market Club, of Boston, whose
address before the Commercial Club, OF
Providence ION WOOL February, 1890,
was printed for the benefit Of manufac-
turers and privately circulated among
them. The object of this was TO pre-
vent their petition 10 the Mckinley
Congress- In favor of free wool. The
Home Market Club feared that with
free wool protection would be doomed.
Dir. Rice argued TO the manufacturers
that If wool went on the free list, that
they would have to pay higher prices
for it. aud one way to get cheaper wool
was Co increase the tariff upon it. He
submitted this table showing that wool
averaged lower in price on the farm
than in London: