Democratic Sentinel, Volume 11, Number 52, Rensselaer, Jasper County, 20 January 1888 — FIGURES THAT DO NOT LIE. [ARTICLE]

FIGURES THAT DO NOT LIE.

Prices of Wool’Under Different Tariff's as a Test of Protection. I Columbus (Ohio) cor. Now York World.] Columbus Delano, ex-Secretary of the Interior and Chairman of the Republican annex known as the National Wool-Grow-ers’ Association, as heretofore reported, has sent out an “appeal” from this city urging the farmers and “dockmasters” of the country to unite against a reduction of tax burdens, and telling them that the slight reduction on wool made in 1883 has well-nigh destroyed the wool industry of the country and put prices at a figure ruinously low. He insists on a restoration of the tariff*bf 1867 as the only thing that will restore prices and stimulate production. This “appeal” was framed in the Neil House, in this city, by Mr. Delano and George L. Converse, the gentleman on whose motion the enacting clause of the Morrison bill was stricken out, and for which act his constituents retired him to private life with rare unanimity. This “appeal” is one of the preliminaries to Mr. Delano’s candidacy for Glongress next year on the Republican ticket. The best possible answer to this misleading document is to take the average price of wool at Boston, the controlling wool market of the United States, for a series of years. The following figures are as nearly official as may be procured: 1' 24.... ,70c 181050 c 185660c|1872. ,50c 182560 c 181152 c 185760 c 187341 c 182652 c 184248 c 185855 c. 187440 C 182744 c 184366 O 1859... 60c1b75 ..39c 182848 c 184450 c 18606 Cc 1876.7.’..35c 182955 c 184545 c 186147 c 1877 ... .330 183070 c 184650 c 186257 c 1878 .310 1831... ,75c 181747 c 186370 c 1879.... .30c 183265 c 184845 c 186475 c 188080 c 183365 c 184942 c 186575 c 188129 c 183470 c 185047 c 186660 c 188225 c 183565 c 185150 c 186761 c 1883 . 25c 183670 c 185250 c! 186843 c 188426 c 181770 C 185360c[186940c 188527 c 183855 c 185457 c 1187037c 188632 c 183960 c 185352c11871.... .46c 1887 32c This shows the price of wool under all the tariff systems we have had in this country, and explodes the fallacy of “protection.” The highest and best price ever obtained for wool was previous to the 1867. With that tariff came a decline which ran down to 25 cents in 1883, when a portion of the tariff was removed, since when prices have improved.