Press enter after choosing selection

Why Free Wool Will Increase The Price

Why Free Wool Will Increase The Price image
Parent Issue
Day
3
Month
August
Year
1888
Copyright
Public Domain
OCR Text

We have within the past few weeks shown how the tariffon wool has in the past had the effect of lowering the price of wool, and have produced the figures paid for wool in various years to prove beyond question that wool has gone down in price when the tariff on it has been raised and has advanced in pnce when the tariff has been lowered or removed. This, as we have stated is because the manufacturers must hare certain grades of foreign wool to mix with our wool or they cannot make goods to compete with foreign manufacturers and the statistics may be produced to show that when a tariff is raised on wool the importati├Ân of foreign woolen goods at once increases. It ought to be plain to everyone that it is better to import a ├╝ttle foreign wool to mix with our American wool to make the goods rather than to import the woolen goods in which ,'no American wool is contained. Congressman Breckenridge expresses the fact in these4words in describing the effect of tree wool We shall begin to increase the amount of goods made by the ture of our own wools with the cheap wools brought from abroad, wools which will come in at the price which they now cost the English manufacturer, wool which can be freely selected in all the markets of the world instead of being chosen as now for reasons connected with the tariff. Those wool? will come in I say at a price so cheap that there will be an increased demand for American wools, precisely as there is now for American rawhides. We shall continue to import wool somewhat in the quantity that we do now, but in its raw state instead of the finished product.Instead of thousands of thousands of yards of woolens being made in England and brought here, fabrics on which the English wageworker has earned his wage, the English manufacturer his profit, the English ship-owner his freightage, the material will come to his country in the shape of free raw wool, to be mixed with our own wools, and in the manufacture of the fabric our own laborer will obtain the wage, and our woolen factories, instead of running only six or seven months in the year, will run the whole twelve months; our wool-growers will be Drosoerous because our woolen manufacturers will be prosperous and will give a staple market to our wool-growers. We shall then drive from the American market the foreign manufacturer, and some man standing here in Congress as I stand now will present figures similar in nature to show that our woolen industry, under the stimulus of free wool, demonstrated the value of that system which nishes to labor the material which it turns to human use free from burden or exaction.

Article

Subjects
Ann Arbor Argus
Old News