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National Association of Wool Manufacturers, u. S.

1867.

THIRD ANNUAL REPORT

PRESENTED TO THE ASSOCIATION AT THE

ANNUAL MEETING, AT NEW YORK, ON THE
SECOND OF OCTOBER, 1867.

BY

JOHN L. HAYES,

SECRETARY.

BOSTON:

PRESS OF JOHN WILSON AND SON.

THIRD ANNUAL REPORT.

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THE broader the sphere of action proposed by individuals or organizations of men, the greater is the difficulty in exhibiting immediate practical results, and the more distant must be the intervals when such results can be safely recorded. The value of the great events which give an impulse to society, such as the higher discoveries in science, the radical inventions, the introduction of new raw materials in the arts, or the new ideas in social science, can be determined only at the end of decades or centuries. The impatient utilitarian inquirer, who seeks to ascertain, at the Patent Office or Smithsonian Institution, the practical progress in the arts or sciences for the last year, will get no satisfactory answer. The records from year to year show only the fields in which invention and science have been laboring. The really valuable fruits are matured only by time. An Association having so broad a purpose as that of promoting the prosperity and advancement of the woollen interest of this country, can scarcely do more, in its early annual reports, than to show the direction in which its labors have been applied. If these labors have been wisely and faithfully directed, if their tendency is to promote the advancement of the great national industry which it has in charge, the responsibility of the Association for the year in review will have been faithfully discharged. With the hope that in what

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