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The modification of the McKinley Tariff by Congress will be

a tedious and complicated business. The Bill introduced will not be a simple one fixing the same rate of ad valorem duty for everything, but will fix the impost on every article. The consequence is that each interest is making separate and passionate exertions, and that the draft of the Bill undergoes daily changes. The President would probably put his foot down against all these concessions; but he is not directly repre- sented in Congress, and the Caucus which really prepares the Bill is eager to retain votes. It is supposed that the debating on the Tariff, and on the sugar and alcohol duties which will replace the revenue sacrificed, will occupy six months. Impatience is certainly not the characteristic of American democracy.

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