Mohave County miner., 1896-03-28
SHuer and Wool.

The high tariff goldbugs of the East have been loudly claiming that the re peal of the Mckinley tariff has ruined the wool growing industry. Now comes Sen- stor Teller, lifelong republican pro. tectionist, and spikes their guns. In a letter to a Philadelphia wool house. probably part of the correspondence that led to the conference of manufacturers and silver men on Thursday--he shows that the restoration of duty of 3 or 6 cents pound on wool would not stop the iufiux of the foreign staple. After noting the importance of the wool in- dustry, and asserting that it's low price is due more to the appreciation oi gold than to the failure to maintain Mckinley duties Senator Teller says:
 "How long IS it since China has fur. nished us and other countries with wool From South America and Asia last year, 1895, was received little more than one third of our total import of wool, that is, over 8l 900 0oO pounds, and from Grea. Britain l09. .5s3,124 pounds, ss sgains, 38 576, '07 pounds in 1894 How much of this WAS Asiatic wool ii is difficult to say, nut doubtless the difference between 1894 and 1895 vas in part made up of Asistie wool brought to England and then shipped to us. China can furnish large quantities of wool. If the Chinese exporter sends wool to the United States or to Europe, he gets the same price the American wool grower does, but he buys exchange on China, that is, he buys Chinese money, to be paid to him in China. For every dollar he gets at pres- ent rates of exchange, 1 92s m China for his 1$ here, and as tue money he gets in China has lost none ot its purchasing power. he gets nearly twice for his wool what the American or European wool dealer gets. If the American dealer gets 8 cents in gold for hls wool, the Chinese dealer gets l81ls cents per pound for his. Tbe wool growers in some parts of China have just learned that they can send us wool at profit. and as China can raise any amount of wool, this source of sup plying will increase rApidly--and the lower silver bullion goes, the greater quantity of wool will we import from the silver using countries"
 TIn0rs fhtu at xf E.ota r- very justly concluded that it is mon. sense to pra.e about a protection of 3 or 6 cents per pound on wool while we maintain monetary system that gives to the wool exporter in the silver using countries bonus of 92 per cent. on all his exports"
 The senator is also just enough to ad. init that the Mckinley tariff did not maintain the price of wool-, fact that The News has constantly assertpd--and | in proof of this he quotes the following table given by the large house of Justice B,teman < Go. as to the price of terri. | toriaI wool under the Mckinley act Prices in markets of Philadelphia and Boston January 1st, 1891, le1a cents on the farm, AZ ) .nuAry l, 1892, Phil. sdelphia and B'ston, 1872 cents; on the farm, l31a cents; January l, 1893, Phil. 1 sdelphia and Boston, Is cents; on the farm, 1893. II cents
 These are stubborn facts, and 80 clear. iy stated by the Colorado senator that they must carry conviction with them. The advocates of protection cannot de- nounce them as partisan lies" for they come from man noted for his devotion to the protection theory, and who sup. ported and voted for the Mckinley bill. | Mountain News.