The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-14
The Price Of Wool.

The Jesup Sentinel in commenting the
other day on an article in the MORNING
News relative 10 the effect of the free
wool provision of the Wilson tariff on the
price of wool expressed the opinion that
the MORNING News was not sufficiently
informed on the subject or else it
ignored the facts. What the MORNING
News said, in substance, was that the
placing of wool on the free list had not
caused the bottom to fall out of the price
Of wool as the protectionists had pre-
dicted; that, on the contrary, the price
had advanced.
We are glad to find that so eminent au-
thority as Gov. Flower of New York
sustains the foregoing view. In a
speech at the Broome county n. Y.
fair gro unds last Tuesday, in discussing
the Wilson tariff the governor said:
Time will tell whether free wool will
be success from the American point of
view, but my Judgment as business man
Is that il viii not only benefit the home
producers OF wool, but will be of incalcu-
liable benefit to the domestic manufac-
turer Of wool Certainly the policy which
we have heretofore maintained since 1867
helped the wool-growers to any extent.
The number Of sheep IN the country in
1865 was about 80 ,000,0 900, and the census
OF 1890 showed that there were only So
OO0,000-an actual observation-disclosures that
high duty has not made woodworking
prosperous.
Az the same time the duty has had no
effect in maintaining the price of wool, for
the price has steadily decreased since
1867, and the high duties imposed by the
Mckinley law have not prevented it
reaching the lowest figure yet recorded.
During the operation of that law the
price steadily decreased until the repeal
OF the bill But since the duty has been
| reno we'd the price of wool has risen 2
cents pound, and believe the effect of
| placing wool on the free list will be stead
! lily and gradually to increase the price
AT any rate free wool cannot affect the
| price any worse than it has already been
affected under a high tariff.
The Sentinel may not agree with these
views of Gov Flower 1t probably
! thinks ne is also ignorant IN respec: to
wool, but it viii find it quite a task to ex-
plain from its standpoint why the price
Of wool steadily declined under the Nc
Kinley tariff until it was extraordinarily
| low, and that the price advanced as soon
as the Mckinley tariff was repealed aud
wool was placed on the free list From
the standpoint of the MORNING News the
! explanation of why the price advanced is
not difficult one. 1t was given a day or
two ago in the MORNING NLws in answer
to an article in the Sentinel.
The Macon Telegraph is refreshinglv in
| genuous in its advocacy of Mai. Bacon
for the Senate. 1t admits that Congress
man Turner is one of the ablest tariff re.
formers in congress, and for that reason
argues that he should be retained in the
House as the leader of the tariff reform
party with Charles y. Crisp as
speaker of the House, with Henry G.
Turner as the recognized leader upon its
floor in the great battle Of tariff reform
and with A Q. Bacon in the Senate tc
| supplement their labors, the telegraph
thinks Georgia would have the greatest
"triumvirate" of statesmen in congress
Now, if Congressman Turner is the able
tariff reformer that the Telegraph says
he is-and there is no doubt that he is az
able tariff reformer-why does the Tele
graph wish to keep him in the House
Where are able tariff reformers the mos
needed in the House or in the Senate
II is almost like questioning ones iutelli
gence TO ask that, after what has JUS
trauspired in congress.
The sugar planters of the First congress
sional district are going to put up
bounty" candidate for congress. Tn,
democrats can afford TO meet the issue
The sugar bounty was sum cver
gratuitously to the planters TO pay them
for producing a crop that they say would
otherwise not have been worth
producing. The money came out
Of the pockets of the taxpayers
The taxpayers got back no valu,
in return for their money. If the planter.
are not satisfied with the amount of pro
lection the people are willing fer them L
have, the people may change their mind.
about permitting them 10 have any.