REPERCUSSIONS OF TILE TARIFF BILL.
A very sober editorial in the London Times on Saturday warning the United States against the possibility of reprisals growing out of the new Tariff Bill, if it becomes law as passed by House representatives, falls on many responsive ears in this country. The fact is that no Tariff Bill ever introduced into Congress has received so much criticism of a non-partisan character. Many of the larger industrial interests in the United States are alarmed over the prospect, for they realize only too well that in the long run the ability of American manufacturers to market their products abroad must depend on the extent to which there is an American market for European goods. Of course, American sentiment is decided that there should be protection in cases where American manufacturers cannot compete in the home market with foreign goods. But that the Tariff should become a virtual embargo on foreign goods is certainly alien to the sound business sense of the country. While official foreign protests may flow into the State Department it will be well to defer criticism until the Bill has passed through the furnace-fire of Congressional and public discussion, to which it will be subject during the next few months before it can possibly be enacted into law.
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