Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-03-14
MR. WELIES ON WOOL.
he Points out some More Bad Mathe-
MATES in nr. Justices Arguments for

e.
, dispute. which was this:
Mr. j.. asserted, and published tab
/ ular statement 90 prove it, that the for
/ eign price OF wool since 1865 had
averaged only so per cent OF the price
Of a corresponding American wool.
denied the truth of the statement
and showed from his own firms state
msnts, backed by reliable prOtectionists
] in the WOO. trade, that 10 was GOT true
This "flke" tabular statement is
based on Ohio medium wool and Aus
tralian cross bred, both standard WOODS
I of high price, compared with the aver
age.
Now, Nr. J's London price for this
I cross bred wool, in order TO make 10 MT
/ his 50 per cent. theory, is put a. 2L5,
/ 15.4 aud 2O.2 cents for 1s6S, 1855 ana
/ 1890, while Bond * Co.'S average price
/ for Australian wool is 40c, sec and 32c
/ for the same years.
tn other words, Mr.. j. quotes this val
liable wool at about One-halt OF the
average price for the whole crop, good
/ and bad together, from Australia.
Again here are his figures from thar
I table, for the Australian wool, for the
years 1856 1857, 1SSS and 1889. They
I are 1876. 1916, 1S.4 and los, an average
Tor the four years OF 19.1 cents.
The correct prices for these years
/ from reliGbls sources are 2-c, CSC, 27c
see.
For 1856 The priceis taken from table
/ i'm tariff hearings on the Mckinney oll'
I 1890, for the other years from Justice,
/ Bateman ID Co.'S table, an average dill
ference OF 10 cents per pound against
I Mr.. J.'s $50 per cent" theory.
I'm addition be tries 20 bunco the
. farmer iut0 the idea that his WOOL
! must conn pete To London with London
/ prices. when the exact truth Is that
/ London must add four cents more 10
its price iu order TO compete with the
/ farmer in their mutual markets Dos
ton and Philadelphia
There is another point: These prices
from Justice Bateman e. Co. are not
the average for the year, but for the
month OF December, when the Colonial
wool crop is coming in, and London
prices rule lower than for the whole
wear. Also the Philadelphia price OF
Ohio medium is placed above us
average 90 the extent that the Aus
traIian is below, so that by adding this
difference TO the lie CO aud 4 given
above. the whole of Mr.. Us $50 per
7 cent" theory is wiped out, leaving
foreign and American wool In PniIa-
deiphia or Baltimore upon the same
level. without taxing the question Of
tariff into consideration.
judge Lawrence, before the ways
I and Means Committee Of 1890, present
ed q table of the comparative value OF
/ American and foreign competing WOODS
I'm 10 there are ~ grades of territorial
WOO, and the same of foreign
He showed that the two woods meet
+ at Philadelphia on a secured basis, duty
/ unpaid, the American wool averaging
. $50 cents per pound, while the foreign
WOO. averages Is cents per pound, adlI-
/ ference OF less than one cent per pound,
I and ccrr0b0rates my above estimates.
/ Leaving out of Judge Lawrence
/ estimates the 10 grades OF carpet wool,
/ and the average cost ia Philadelphia of
/ the 3I remaining grades Ton secured
/ basis1 isas follows: Foreign, duty I'M
l paid, average, 46.4c; American, aver
age, 41C.
What becomes OF Mr.. Js theory that
/ the tariff places the foreign wool az a
price $50 per cent less than the Amer
lean. when Judge Lawrence proves that
+ they meet on an equality Ia Pnlladel-
Dua, tariff unpaid?
is Judge Lawrence, also, evidently
/ Ignorant in common with myself?
/ Ignorance, sometimes, is more bliss
I full than 90 know too much.
Nr. d. wishes TO substitute the pres
emit abnormal condition of affairs for his
/ former assertions, but since the farmers
/ have been so impoverished by Republi-
/ can finances aud taxation that they are
/ compelled 90 patch up and wear their
old clothing through another season, l
am not surprised that wool is low in
. both countries.
AS Co the percentage decline 10 Amer
lean aud foreign woods, Mr. j. now
wishes CO. include in the low tariff pc
riod for wool the ten years from lSa7 10
1856. when wool received as high pro
lection as ia 1867 go per cent?.
/ From the low tariff period) 1889 "
Ohio wool declined from coo 10 SOC M
/ June, 1893, or so per cent, according TO
the United States Statistical AbStracti
or calculating ia on Mr.. Us statement
of sbriukaCe we have decline from 81
in 1859 .ol the secured WOOL TO 64c IN
lS93-a decline OF SO per cent instead
of 1915, as claimed by Mr. j.
There is curious thing about Mr..
|J's $50 per cent" table, that, while be
claims Uu another place. decline Of
so per cent in foreign wool from 1850
toIS9I .32 years. yet that 80 per cent. "
table gives the foreign wool a decline
of only per cent To- 2t years trom
2l.5c TO 30. 4cl while in American wool
which Che asserts) had only declined
1915 per cent in 30 years the decline is
30 Der cent in % years $40 per cent
greater decline than in the foreign wool,
during % of the So years. The reason
WHY cannot understand sucn mStne-
maJics is probably because am so
Ignorant
The T'clIjgrUccr comes forward with
its mattocs and shovel, and tries to dig
brother Justice ont of the hole into
which he has fallen.
While you are att Bro. Hart, give
Judge Lawrence a whack with the back
OF YOUR spade, for be proved that pro-
lection In 1SsS was no benefit 10 the
grower of wool. w. Z. NELLEs.
PGr.uSblTJ March ~.
a. % G.. ". in Grafton.
Srs-iaI T.Isgrum 70 ne R,Tg---
GRAFTON, w. Va, March 13-The
. ..-,tf,, ~ ofue fo1ra No no.