Democratic Sentinel, Volume 16, Number 51, Rensselaer, Jasper County, 6 January 1893 — Manufacturers Not cast Down. [ARTICLE]

Manufacturers Not cast Down.

The World has on one or two occasions called attention to the cheerful frame of mind in which the iron and steel manufacturers find themselves since election. We now add some testimony as to a similar feeling on the part of sensible woolen manufacturers. The following extract Is taken from an editorial entitled “Is Woolen Industry to Be Prosperous?” published In the American Wool and Cotton Reporter of Nov. 24th: “It is safe to assume that the Democratic party will not legislate against the best interests of the country, and that there will be no legislation which will be destructive of vested interests. The aim and purpose of the Democratic party is the same as that of the Republican party—the difference between the two parties is wholly one of policy and not of purpose, and the best interests of the Democratic party are identical with those of the country—and they lie In the direction of preserving our manufacturing industries, and also in furthering their growth under what they regard as healthy and constitutional limits. It is very probable that under a tariff based even upon entirely free raw material and reasonable duties on (manufactured goods, there will be a larger and more ample net protection than the woolen manufacture has had ia years. There Is a vast difference between an apparent protection, as in the McKinley bill, and an absolute protection which may be obtained under a far lower rate of duties than we now have.” No comment on this Is necessary, except, perhaps, an expression of wonder at the ease with which our Protectionist friends are bringing themselves to the condition of veracity.—New York World.