The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-10-12
Simmons Makes a Great
Speech.
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son tariff law undr Cleveland averaged
- cents per pond more in New York
than the highest Drce at which cotton
sold i'm New Yor Curing the first two
wears after the usage of the Dingley
law under McKhl.y. The year book
for 1900, issued by the United States
Agricultural Department. shows that the
price Of middlingcGton on the New York
market in December 1898 was 8 GIG
of cent; December, 1896. 11-16 of
cent; in Decen,er, 1897. ) rs of a
cent; and in Deceaber, 1899, Z 3-4 of a
cent.
FARM PRICE oNTRASTED UNDER
M'KINLEY ND CLEVELAND.
The average arm price of rye, of
barley. of oats, md of corn was higher
during the first tvo years under the Will
son tariff and NJ. Cleveland than dur
ing the first tW, years under the Ding
ley tariff and Mr.. Mckinley, and the
average farm rice of wheat was higher
during the frs. three years of the Will
son tariff and Cleveland than during
the first three years of the Dingley tariff
and Mckinley.
Now when Isay the average farm price
of these stape products was higher UNI
der Cleveland and the Democratic tariff
than under Mckinley and the Republl-
can tariff. am not speaking from con.
lecture. | AMI speaking from the record
contained IN the report of the present
Republican Secretary of Agriculture,
based upon the average farm prices or
these products in every state in the I'm
ion in the year 1900. The figures will
be found in the Year Book of the U.
). Agricultural Department for the year
1900.
NORTH CAROLINA AND THE HAY
CROP
Senator pritchard. in his speech, lays
special stress upon hay: he claims that
the average farm price of hay in the
United States was considerably higher
during the first three years under the
Wilson tariff than during the first three
years under the Dingley tariff But
even If it were true that the price of hay
has been increased by the operation
of the Dingley tariff. statistics show that
we do not raise in North Carolina
more than one-third of the hay we con-
sumo, and the effect would be simply
TO increase the price of the other two
thirds which we haye to buy.
WHAT THE wool TARIFF COSTS
THIS STATE.
But the most unfortunate argument
licans are making this year is that the
Dinsley tariff has greatly increased the
price of wool and that the people of
North Carolina should therefore vote
the Republican ticket
In 1900 North Carolina only produced
about one-third of pound of wool per
capita while we consumed about eight
pounds per capita. SO that we consume
about twenty-four times as much as we
produce. The price of wool has increas-
ed from 1891 to 1900 about ten cents
Il pound. If the tariff is responsible for
the whole of this increase, it added only
SG3,000 to the value of wool raised in
North Carolina in that year, but it add
ell at the same time 100000 to the
cost of the wool consumed by the peo-
pie of the State in that year. SO that
for every additional dollar which the
wool farmers of North Carolina receiv-
ed for their wool on account of the
tariff. the wool consumers of North
Carolina pay twentythree additional dol
lars for the amount of wool consumed
by them, and for every man in North
Carolina who makes dollar by the
tariff on wool, twenty-three lose each
Il dollar.
FARM CROPS HIGHER UNDER CLEVE-
LAND THAN HARRISON.
The prices of farm products this year
are higher than they averaged, either I'M
der Clevelands or Ha1Tison's adminis7
tration. but it is we'll known this is due
to the short crops of the past two years.
The truth is, the whole Republican ar
gument that tariff regulates the price.
of farm products is utterly false. Every
corn and wheat and cotton farmer knows
that the price of these crops is regu
lated by the laws of supply and demand;
that we export of these crops from one
fifth to third of all we produce, and
that the price of the whole crop is
regulated by the price which the sur
plus brings in foreign markets. The
cotton and corn and the wheat farmer
knows that the bulk of that part of his
crop which he does not sell for home
consumption is purchased for shipment
abroad. and that the purchaser does
not pay him more than it will bring when
TOBACCO BR1kess 91H Tic +PR1cEs
BECAUSE THERE IS NO TARIFF
ON IT'S EXPORT.
Our tobacco farmers are getting high
prices for their tobacco this year and |
rejoice they are getting these prices, not
because of the tariff on the exports of
tobacco, but because there is no tariff
on the exports of tobacco. The Imperial
Tobacco Company, of Great Britain, and
other foreign manufacturers of tobacco
cannot compete with our manufacturers
an equal terms in the sale of their pro-
ducts in our markets because of the high
tariff duties on imports of tobacco, but
they can buy raw tobacco for their for
eign factories in our markets on equal
terms with our manufacturers because !
there are no tariff duties on exports of |
tobacco. Our tobacco farmers are there |
fore getting in the sale of their leaf to-
bacco the benefit of the competition be- |
tween the tobacco buyers of the whole |
world, not because of protection against |
importations of foreign tobacco, but be-
cause there is no tariff on exports of our /
raw or leaf tobacco
HOW THE DINGLEY BILL HAS HURT /
- COTTON MANUFACTURING
The Republican party is making a
special appeal TO the cotton mill men1
of North Carolina this year, but m the
present depressed condition of the cot.
ton mill business in this State they will
hardly be able to convince them that
the Dinglev tariff means prosperity ia
that industry. Never in all the history5l
ot cotton milling in North Caroliratl
mas that business been so unprecedented