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Price of
of Port Philip

Increase 390 Mailiion lbs in 1890 to 500 Million lba in 18 que equal to 28'5%

Quantity
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Diagram showing Fluctuation in the Price of 60s Botany Tops for Seven Years

From Bradford Observer Deer Siak, 1896.

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*This indicates the turning point between the depression in the foreign price caused by the rapidly increasing production of wool and the stimulating influence upon the price by the increased American demand after the Wilson law went into operation. Botany Tops of No. 60s quality, as indicated in the diagram, advanced 334 per cent between June and September, 1895 (the first calendar year of the Wilson law). After protective duties are restored, the former causes which produced the decline previous to 1895 will be again operative, and the next decline in foreign prices in all probability will touch the lowest on record.

SCHED K-7

Table showing how the proposed graduated wool duties will reduce the cost to consumers of Port Phillip wool from 2 to 5 cents per pound, and cloth from 8 to 20 cents per pound, below the average cost of the McKinley period, and at the same time provide moderate protection to American woolgrowers against an almost certain fall of 6 cents or over in foreign-wool values.

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[Justice, Bateman & Co., wool commission merchants, 122 South Front street, Philadelphia,

February 1, 1897.]

Washed (Clothing), Ohio, Pennsylvania, and West Virginia:

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Tennessee, South Carolina, Georgia, Alabama, Mississippi, and Louisiana

Unwashed.

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Eastern Minnesota, eastern Kansas, eastern Nebraska, South Dakota, western Missouri, western Iowa, and northwestern Wisconsin (semi

dark):

Fine (X or XX)

Medium (No. 1 or § and blood).

Coarse (No. 2 or 1-blood).

Colorado, Utah, Wyoming, Idaho, etc. (dark):

Common.

North Dakota, western Kansas, western Nebraska, western Minnesota,

Fine (X or XX)..

Fine medium (4-blood Merino).

Medium (No. 1 or -blood).

Coarse (No. 2 or 1-blood).

Montana:

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Fine (X or XX)..

Medium (No. 1 or g-blood)..

Coarse (No. 2 or 1-blood) Shropshire..

Nevada:

Fine (X or XX).......

Fine medium (4-blood Merino).
Medium (No. 1 or g-blood).

Washington:

Medium (No. 1 or § and blood).

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Coarse (No. 2 or 4-blood) Shropshire

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Coarse (No. 2 or 1-blood)

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Oregon:

Eastern fine (X or XX)..

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The CHAIRMAN. Beginning at 12 cents and finally landing at what? Mr. TURNER. What will be the maximum end of the gradual increase? Mr. LAWRENCE. The sixteenth clause of the bill proposes an annual increase of one-half cent per pound, commencing one year after the 30th of June following the passage of the bill and running four years. Mr. TURNER. So that if wool should go down in other countries, relatively, the duty exacted would go up in this country to meet it?

Mr. LAWRENCE. The object would be finally, when we are able to supply all here, to shut out all foreign wool, and just the same with woolen goods. If protection means anything, it means to give us an advantage over foreign countries. It means to increase our product, and not give it to the foreigner.

The CHAIRMAN. You would exclude finally, under your policy, all products of other countries which we could produce here at all?

Mr. LAWRENCE. All which we could produce sufficiently to supply our wants; yes, sir.

Mr. TURNER. What would become of our commerce then?

Mr. LAWRENCE. We do not produce coffee or tea. We do not produce

Mr. WHEELER. We can produce tea very well.

Mr. LAWRENCE. We should buy from the foreign countries those things which we can not produce, and we should ship to them those things which we can produce and which they can not, and that is the legitimate business of commerce, in my judgment.

Mr. TURNER. And in order to help these flock masters, of whom you say there are about a million in the United States

Mr. LAWRENCE. There are not so many now. There were about a million.

The CHAIRMAN. Your plan is to increase the duty until it reaches 15 cents?

Mr. LAWRENCE. Fourteen cents. Mr. Chairman and gentlemen, I have collected together for your convenience the wool-tariff acts of 1867, 1883, and 1890, with the provisions relating to wool manufactures and the woolgrowers' bill, which I will file, to be printed as an appendix to my remarks.

APPENDIX.

WOOL-TARIFF ACTS AND PROVISIONS AS TO DUTIES ON WOOLEN GOODS IN THE ACTS OF 1867, 1883, 1890, AND 1894, AND THE WOOL-TARIFF BILL ASKED FOR BY THE WOOLGROWERS.

THE ACT OF MARCH 2, 1867.

voices, books, or papers are deposited relating to the merchandise in respect to which such fraud is alleged to have been committed, and to take possession of such books or papers and produce them before the said judge; and any invoices, books, or papers so seized shall be subject to the order of said judge, who shall allow the examination of the same by the collector of customs of the port into which the alleged fraudulent importation shall have been made, or by any officer duly authorized by said collector. And such invoices, books, or papers may be retained by said judge as long as in his opinion the retention thereof may be necessary; but no warrant for such seizure shall be issued, unless the complainant shall set forth the character of the fraud alleged, the nature of the same, and the importations in respect to which it was committed, and the papers to be seized. And the warrant issued on such complaint, with report of service and proceedings thereon, shall be returned as other warrants to the court of the district within which such judge presides.

524. SECTION 3. Whenever the collector or other chief officer of the customs of any port shall be notified in writing by the owner or consignee of any vessel or vehicle, arriving from any foreign port or place, of a lien for freight on any merchandise imported in such vessel or vehicle, and remaining in his custody, such collector or other officer is hereby authorized and empowered to refuse the delivery of such merchandise from any public or bonded warehouse, or other place in which the same shall be deposited, until proof to his satisfaction shall be produced that the freight due thereon has been paid or secured; but the rights of the United States shall not be prejudiced thereby, nor shall the United States or its officers be in any manner liable for losses consequent upon such refusal to deliver; and if merchandise so subject to a lien, regarding which notice has been filed as aforesaid, shall be forfeited to the United States and sold, the freight due thereon shall be paid from the proceeds of such sale in the same manner as other charges and expenses now authorized by law to be paid therefrom.

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