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Show mon use, and yrt it has materially decreased de-creased those prices, generally speaking, speak-ing, aed the reductions are so adjusted as to give direct and positive relief to the people. Tho truth is that it is not possible to make accurate calculations with regard to the results of a proposed tariff law. Too many new aud unforseen circumstances are apt to intervene. The law of trade, the fluctuations of couimurce, the disturbances of politics are all to be considered, and co man can anticipate them in his estimates. A higher duty may increase the receipts, and a lower duty may decrease them. Jt depends upon conditions that are neither perceptible per-ceptible nor predictable. In the pr-nil pr-nil instance it has turned out woll for the country and bad for the reputation of tho experts. The Mi.Kinlkv law is gaining strength every day in the minds of the people, but experience is teaching teach-ing them that it is a benefit and not a detriment to them. They can see that the worst prophecies against it are being be-ing disproved, and that it ia steadily improving the situation and promoting the interests of tho fanners and laborers. Against such testimony the speeches of the demagogues and calnmitarians can have no eifect. The American voters are int'illigent, obsrvant and quick to comprehend the facts in a case of this kind. It is useless to try to frighten thmu with the cry of 'MctviXLEr prices' auy more. They know a last year's bird's nest when they sue it, aud they will not be deceived again ns they were in the last campaign by sophistry and falsehood." x THK M'lilsLEV LAW. A recent issue of the St. Louis Globe-Democrat Globe-Democrat has an editorial entitled Tolitieal Predictions," which is such a thoroughly good argument in favor of the McK.ini.ey law that we herewith reproduce re-produce it. Tho article will impress the reader mot e forcibly if lie keeps in mind the fact that the Globe-Democrat is oue of tho republican papers that was carried of its feet during the consideration con-sideration of the McKinlev bill by congress. con-gress. It was alarmed by the prophecies prophe-cies of evil, aud, with true republican independence anil fearlessness, it thundered thun-dered against the measure. When tho landslide occurred in November the paper denounced the bill and its supporters, sup-porters, chargiug them with having slaughtered the party. It is, therefore, both interesting and instructive to find the article referred to in its columns cow. It is as follows: "The homely admonition of Ilosca Diglovv, 'Don't never prophesy onlcss ye know,' is peculiarly applicable to the matter of foresight in politics, l or example, take the much-discussed and poorly understood McKinlf.y tarid law When the bill was ponding its 'robable effects were dwelt on at great euglh, and the estimates dilleied widely on both sides. The committee that reported it to the bouse said that it would certainly reduce the revenues re-venues over $iiO,(rt)0,000, aud probably more, while the minority rt'po"t said that there would be an increase of more than $1,000,010. We are now able to aee that both of these statements were wildly exaggerated. During the first live months of the present calendar year receipts diminished aboutll,000,-000. aboutll,000,-000. or 17 per cent; and in the lirst twenty days of Juno there was au increase in-crease of $!i.Si")4,000, or about 40 per cent. If this ratio of decrease shall continue during the jear, as it is likely to do. the receipts from customs for the twelve months will be about $'20,000,000 less than last year. In other words, it is apparent that the estimate of the trading republicans was about three times too high, and that of the leading democrats still further out of the way. The basis of prediction was supposed to be good, but in fact it was unsubstantial unsubstan-tial and misleading. "A like degree of mistake is evident as to other effects of the law. The country was told by its opponents that it would seriously lessen the exports of our products, when in reality it has enlarged en-larged them. A great deal was said bout the additions that it would make I to the prices of various ai tides of com- J |