The New York correspondent of the Times confirms the report
that the McKinley Tariff is creating great irritation throughout the States. The consumers had been told that prices would not be increased, business being only transferred from Europeans to Americans, and, of course, they are finding out that prices are increased in every shop. They are there- fore indignant, and the Republican Party, fearing defeat in the November elections to Congress, are declaring that the Tariff was passed in the interest of the poor. The officers of the Central Labour Union in New York affirm, however, that no increase of wages has been conceded anywhere since the Tariff, while there are some menaces of a reduction. Too much stress must not be laid on these reports, as Protection has become with many classes a fanaticism independent of reason ; but it appears clear that the Tariff has produced unexpected discontent, and that it will be earnestly attacked in the coming Session. The success, too, of the Silver Law has been much less than was expected, the silver-dealers having reckoned on a permanent price of 56d. an ounce, whereas as yet it is barely 50d. Altogether, the financial legislation of the year has not been a success, and though the American farmers are easily taken in by promises, they are quick to apprehend failure. They will buy any quack medicine whatever, but only once.
