McKINLEY TARIFF AND AUSTRALIAN WOOLS.

Waikato Times, Volume XXXVI, Issue 2925, 14 April 1891, Page 4

McKINLEY TARIFF AND AUSTRALIAN WOOLS.

Rkl-ekrixo to the effect that fiscal changes in America may have on Aus. tmliiin wool, the Leader's correspondent says :—'• Everything tends to confirm mo in the opinion that, for a time at least, the effects of the passing of this measure will not bo prejudicial to the interests of the Australian wool grower, who is fHr sighted enough to piepare his clip so that Americans can compete for it. The manufacturers of the States have been appoaaml to Home extcut by a greater measure of protection on the productions of their Irtoms, which, however it may cripple them so t'«r us au export trade i.s concerned certainly promises them more of their own markets than they have had in the past few yearn, and increased consumption of fine wool, procured from abroad, must inevitable fellow. This period of apparent prosperity may, however, be) of short duration, and then will probably come thu looki.vl for advent of the Democrats to power mieo again, and a new ntj'imr o f lower duties will tend to place the Uuitiid States manufacturing industry on a sounder and firmer b.isis, coupled with au enormous expansion in their demand for Australian wool. This is what I look for sooner or Inter, and am sanguine eonngli to expect it before long. Mr Liwine, tho secretary, had just sent a. ii;tt«r to Congress on the subject of tariffs in which ho boldly suggests thai, the President of tho States, for the time being shall bo given authority to declare, at any time, that, the products of any other American nations (upon which uo export duty is levied) shall bo admitted duty free provided that such nationality agree to admit the manufactures and products of United States on the same terms. TliU shows pretty clearly that ho ia not quite eatitliod with the present Bill of bis own party.