The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1921-06-16
THE WOOL INDUSTRY.

Boston long way from the wool producing section Oh inc
United States but being the principal wool market the country
is the source of much information of vital interest the wool grow
ers of the West The New England letter the First National BANK
Of Boston, giving of industrial conditions contains TINS
remark in discussing wool situation The probable effect OF the
emergency tariff appears have been fairly well discounted ana no
change of any in the market expected Inc ormao
IS also given heavy foreign buying has been already done
American and there heavy importation of clothing
woods
This statement emphasizes injury done to the American wool
industry by the Democratic free trade policy 1t IS estateo a
there hand in the wooden stocks OF the world quah
amounting to nearly two years normal supply Naturally when
there prospect of the of protective tariff law wool
users make large mportaons of foreign woods which they can buy
for less the of production in the United States
The Democratic party enacted the law of 1913 over the protest
of Republicans enacted the law the protest OF American
wool During the which acted as an embargo on I'M
portaon and created abnormal market for wool products the
American producer felt injury because OF the lack OF proco
product But the armsce signed and the enormous
for wool for purposes ended all OF the cheap wool pro
ducng countries been shipping their surplus to the United
States Tins not only cutting the price the American producer could
receive but depryg him of the opportunity to sell his wool at
any price
The Democratic party only deprived the American farmer of
the advantage of import tax wool but when the war was over
and was apparent that would be flood of mportaton the
majority of Democrats in Congress opposed the emergency ta
bill President Wilson vetoed that thus pospong the
time when measure of protection should be restored
It is admitted by all that the emergency tariff law is not
scientific tariff 1t does not attempt to establish the system
protection necessary for the upbudg of all American industry
merely attempt at early date protection for that
the first to suffer the reaction
conditions and which will probably be found suffer the
most severely The Boston contains the information that
hus very little wool has been bought the West The buy
ing largely in Australia and South America while the
Western American wool his banker holds the American
product in warehouse and creditors consequently unable
collect the obligations due them from the of American wool
All of this presents dporabe situation What is true Of the
wool industry varying degree of other American indus
tries upon which the prosperity the United States depends The
facts are stated not for purpose painting unpleasant picture
impress upon the minds the people of the country
the important truth that situation due almost entirely the
folly of the Democratic party placing the United States prac
tcay free trade that American money abroad for
purchase foreign commodities less than cost Of production at
home will probably long, long time before the American
pie will forget the results of eight years Of Democratic rule Ger
any growers who going through the crisis
will never forget