Democratic Sentinel, Volume 16, Number 48, Rensselaer, Jasper County, 16 December 1892 — Free Wool Needed at Once. [ARTICLE]

Free Wool Needed at Once.

The strongest argument we have seen from the business man’s standpoint in favor of an extra session of Congress is that of Mr. Abraham Mills, which we publish to-day. Mr. Mills is known as a first-class authority in the wool trade. He says that there could not be a more propitious time for the inevitable change in wool duties than the present; whereas every moment of delay will be taken advantage of by the foreign manufacturer to accumulate goods for the American market, with all the profit that the present low price of wool gives him. This low price in foreign markets results largely from the absence of American buyers who arc handicapped with duties averaging i>o per cent., and some of them as high as 120 percent. The longer this discrimination lasts the more goods the foreigner will pile up to be thrown upon our market when the change comes. Therefore the time to make the change is now. If it is made soon, our manufacturers will have an even chance, indeed, much more than an even chance, since even the Mills bill left them more protection than they ever asked fiir under the regime of free wool. Every day’s delay will make it worst for them. If they are wise they will ask their friends in the Senate to pass the Springer bill this winter.— New York fcvening Post.