The record-union., 1894-06-14

placed high protective duty on all that
we buy and puts upon the free list those
things that the farmers of the country
have to sell. With wheat on the free list,
the farmers of the northwest country,
from Manitoba TO the further confines of
the Saskatchewan, would dump their
wheat into the markets of Duluth, Mime
apolis and Chicago, thus creating a large
surplus, for which the American farmer
must find a foreign market. Our facilities
Tor handling our own grain are already
overtaxed. If we must, on top of this,
handle the surplus of the Canadian
farmer, the result can well be imagined.
This is the kind of reciprocity proposed
by this bill.
Hansbrough was succeeded by Shoupe
OF Idaho, who also opposed free wool as
disastrous to one of the chief industries
OF his State. Shoupe contended that the
fall in the price of wool had been world
wide for twenty years, and that in the
United States it ruled higher than else
where by the amount ofduty levied. The
demonetiZation of silver had much to do
with the fall of the progress of wool in
The worlds market. He cited market
quotations to show the difference between
foreign and domestic prices had been
nearer together since the election of a
Democratic President. He finally gave
the cost added to the price of a suit OF
small proportion of the finished product
the duty is. Comparisons were also made
to show the greater labor cost in the
United States as compared with Australia.
He contended that free wool would ruin
the industry in the United States.
Mitchell of Oregon also opposed free
wool. He argued that the Pacific Coast
would be more injuriously affected by
free wool than any other part OF the coun-
wool a he trIlp
ton to the wool-growing industry of
Oregon, an industry which has grown 10
be OF vast importance to the state. n
large portion of Oregon was more useful
to sheep-graZing than for any other pur-
pose.
Frye declared that Australia could pro-
duce enough wool TO supply the entire
consumption of the United States. Aus
tralian wool, he said, could be laid down
In New York for i've cents per pound.
Yet it was the deliberate intention ofstne
Democratic majority to subject every
farmer in the United States, whether he
fed his sheep six months OF the year in
Maine, or allowed them TO run wild all
the year round in Texas, to such annihil-
atory competition from Australia.
When this discussion ended Quay took
his manuscript from his desk and began
the eighth instalment of his famous
speech, begun just two months ago to-
day.
After Quay had spoken fifteen minutes,
Harris, in charge of the tariff bill, asked
him to yield to him (Harris.) He called
attention to the slow progress of the bill,
two days already having been consumed
III general debate on the wool schedule.
He then made request for unanimous
consent that the wool schedule be pro-
ceeded with under the fiVe-minut6 rule
tomorrow after Aldrich, who desired to
speak, had finished. The request devel-
oped the fact that Lodge, Chandler Platt
and others desired TO address the Senate
on the general subject of the schedule,
and Harris with reluctance, said he was
compelled to respect the requests of these
Senators, and would therefore postpone
his motion TO proceed under the five
minute rule until Tomorrow.
The Senate, at 900 o'clock went into
executive session, and shortly afterward
adjourned.
Cash Balan ce IN the Treasury.
WASHINGTON, June 13.-The cash bal
ance in the Treasury to-day was SIG, ,007,-
140, of which 500, 1913, ,227 was gold reserve.
This amount will be further reduced by
the withdrawal of 81, ,250, 900, which was
engaged to-day for shipment tomorrow.
The President Better.
WASHINGTON, June 13.-The President
is better to-day, but is still under the in
junction to keep perfectly quiet. He saw
a few visitors without going into the
Office. DR.. Bryant of New York called
on him to-day and prescribed for him.