Rensselaer Republican, Volume 12, Number 36, Rensselaer, Jasper County, 28 May 1880 — The Wool Trade. [ARTICLE]

The Wool Trade.

It la not only in iron; but in wool, that our American tariff is building up our industry and paying operators generally. The Liverpool correspondent of the New York Trows gives an account of the competition between the American and EngHah buyers. Agents of the manufacturers in the United States, at the late wool sales In London, purchased so largely and at such high prices as to confound the English manufacturer, who sees no prospective, profit in making goods from such costly material. Net only this, hot machinery In actual operation has been purchased for importation to this country. The English have substantially lost the earpet Our laborers should be protected, and for this purpose a tariff should be contip. ued to keep the products of cheap European labor from competing with ours. But there are a few things which no nation can afford by any act to stimulate to a high price, and yet prosper. They are iron, bread, fuel and clothing. These are ril necessaries of life, and not the luxurl”riier mi HIL life at »Dproachable*pricee! n6oemsrimai