Year: 1867

small mills nave stopped running Inc
larger ones have been run on as short
time as they could be without break
ing up, scattering and driving into 9TH
er pursuits that skilled operative labor
which will be necessary when they can
find remunerative markets. Many Of
those who are able to carry their goods
"a. {. keep them on hsnd-are do
ing so. To add to the present extreme
depression of wool, the country banks,


notwithstanding the money plethora
in New York City, are unwilling and
probably unable, TO advance funds to
country buyers, with the understand
ing thst they will help them carry
their wool over sixty days.


Yet it was in view Of the preceding
facts, that we put forward the assertion
that We never felt stronger hopes OF the
future Of the wool growing than now !;
and we reiterate the assertion. We will
give some of our reasons. The tempo
rary cause of the depression has already
been removed. The crops are general
ly abundant-so that money will flow
into the country. The cost of subsist-


ence will diminish. The laboring
classes of the North will replenish their
scanty wardrobes, and the half naked
South will re-clothe itself. This will
clean the market of old goods and
make place for new ones. just how
long il will take to effect this we can
not say, but the time can not in the
nature Of things be far distant.


For permanent improvement in the
condition Of the wool growing indus
try, we look to the new era which has
been established in the tariff legisla-
tor, and the greater promise it gives
of stability in Its continuance and effects.
The provisions of the present act were
made in what was intended to be equal
reference to the interests Of the three
great interested parties. viz: the pro
ducer, manufacturer and the consumer
1t gives moderate and reasonable pro-
lection to the first, without imposing q
burthen on the last greater than all
industries are called on to bear for the
mutual support of each other. 1t is a
triumph of no one interest oyer other
interests. These circumstances prom
ise stabiIlty-and anything like stabil-
ity in wise, fair and equal tariff leglsla-
ton we have never yet had, and what
the wool grower more than anything
else needs. Even imperfect legislation
is better for him than ever changing
legislation.


!, Other circumstances favor stability.
The manufacturers gave their hearty
assistance in procuring the passage Of
the act, and consequently are as much
pledged to its support as the growers
This cooperation gives the united in
terests both moral and political pow
er which they never before possessed
and renders them more than a match
for the free traders. Manufacturing IS
on 8 much 6rmer basis than formerly,
and there is no danger of foreign com
binations breaking down establish
ments which can ride out the present
storm. Our markets are therefore not
as likely to be broken up or disturbed
by pecuniary reversions as formerly
And the grower has much better stock
than heretofore. The same namberof
sheep, on the sane feed. produces up
wards of twenty-five per cent more of
wool than formerly, and the improve
ment in this particular Is still going
on. ~. y = ~ ifbsss -a1s 80 q 81


All that we need for che futureis the
certainty of the permanent stability of
the wool and wooden tariff. We have
no doubt whatever that the free-tra-
der4 are preparing to makes great,
united, desperate onset on it, and that
they will succeed unless they are met
by equally determined efforts on the
part of its friends. But does anybody
expect that, having won this great VIC
tory of American Industry, its friends
will stack their arms, go to sleep, and
let their defeated opponents rally and
surprise them? We for one, expect no
such thing. We beleTs our people
are sleeping on heiir aTEss, and thatwhen
the signal sounds they viii be prepared
to rush, shoulder to shoulder, to yicto-
ry. Thus, and not otherwise, our
hopes are bright for the future.-RsraI
Nels Yorker. l4s if3d set