The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-10-26


ing comparison Of the results of one
year Of actual trial of free wool with
the last year OF the Mckinley law, says:
These statistics show splendid vista
Of prosperity. As soon MS the tariff
bars were let down our manufacturers
sent their agents 10 London and Ant
werp 20 buy for the first time the finest
Australian and South American feeces
10 be made into fine fabrics for Amer
lean consumers. There Is not In indus
trial history more striking example of
the promptncss with which American
manufacturers avail themselves OF new
opportunities"
II importing moro shoddy and waste
nual clip of all OF the important wool
growing states Of Ohio. Michigan and
New York. and In place thereof we ex-
port the pure wool, because under tho
new law American manufacturers can
not afford 20 use IL at but little one-half
of its value under the Mckinley law,
when twas all used at home, lis a
splendid vista Of prosperity" Lord
help as. The facts are these: Pre-
vious to July woods were depressed all
over the world. In America the price
of wool, according to the very reliable
commercial reports Of the Record. dur
ing the first week of October, was no
higher, but was slightly lower than Ia
the last Of July, while foreign wool has
advanced rs per cent. since July, and II
now pays to ship 20 Europe American
wool which finds no market In tho
United States at SO cents. secured, but
which goes abroad with large quanti-
ties OF Australian and South American
wool to be manufactured into goods
which are 10 come back 10 America,
taking the place, under the new tariff
law, of American goods, formerly made
by American labor out OF American
wool, which the new tariff law per-
mittcd foreign nations, under the first
year Of the new tariff law. to send TO
the United States TO the extent Of $780,
600, 900 in excess Of the shipment 90 tho
United States during the last year of
the Mckinley law.
This increase alone In manufactures
Of wool, exclusive OF shoddy. noils
waste, rags, etc, represents goods
which when made In tho United States
required o0,000,000 pounds Of wool. BY
the transfer Of the manufacture OF $780,
100000 worth OF wooden goods from
America TO Europe the American farm
or loses the sale here of 00,000,000
pounds Of wool. Finding no market
for it all In America, he ships 60 Eu-
rope. The wool market reports for the
past week contain the following state
mcnt: The sensational sales OF the
week were 100000 pounds OF American
wool, grown In Montana, TO 20 TO Eu-
rope at 80 cents per pound, because no
American manufacturer could buy It at
that price. This lot nets the seller /
cent per pound more than he could get
for II IN the United States. II goes to
Europe to be manufactured into goods
which will doubtless come back to the
United States, contributing TO the $780,
900 900 increase in the first year Of the
new law In the imports Of mnnufac-
lures of wood This wool has TO go 20
Europe 90 about half Of what IL brought
previous Co March, 1893, before the Me-
Kinley law was menaccd with repeal.
This class of wool at that time always
found ready sale in the American mar
lxet at from co TO 90 cents per pound,
secured. To-day, under free wool and
the Wilson-Gorman bill, there is no
market for IL In America at 80 cents,
uno we arc exporting it and Hre import
ing shoddy, waste and rags 70 take its
place. Under the first year of free
wool and the Wilson German law, the
increase in the importation OF shoddy,
waste, etc, valued according 10 the
Record at 12 cents per pound, was more
than 100000 pounds. None Of these
wool adulterants are being exported,
and, as they have been carded and
each pound Of shoddy and waste
would require for It's reproduction 3
pounds Of American wool in the condi-
ton in whichthe latter Is usually sold by
the farmer. Thus we have pure wool
going abroad at so cents per secured
pound because our manufacturers for
the first time I'm the history OF the coun-
try are working under bad tariff law,
which does not permit them TO use this
pure wool at 80 cents, which under the
Mckinley law found ready sale 20
American mills at over 60 cents, and
they are replacing IL with shoddy and
waste. This Is about fair com
OF the result of the workings OF
the Nilson-Gorman law vs.. the Me-
Kinlcy law. This Is the situation.
which, in the opinion Of the Record, lisa
splendid vista OF prosperity. ~ ChicTgo
Inter Ocean.
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