tariff, an entirely self-supplying country, requiring from the foreigner neither food, nor raw material, nor manufactured articles, nor works of art. The people who believe in this vision of a Russian Empire, secluded and isolated from the rest of the world, are on a level with the patriotic Prussian lieutenant who went into a shop and asked for a globe, not a terrestrial or a celestial one, but a globe of Prussia.
To return to America. There are plenty of symptoms that Protection has done all it could for the United States, and that the sooner it receives notice to quit, the better for all parties. One of these symptoms is the formation of "rings" and "trusts" within the protected industries for the more thorough exploitation of the monopoly granted to them. Now, "rings" and "trusts" are truly American institutions, and, where they exploit natural advantages, they are generally, though grumblingly, submitted to. The transformation of the Pennsylvanian oil supply into a monopoly by the Standard Oil Company is a proceeding entirely in keeping with the rules of capitalist production. But if the sugar-refiners attempt to transform the protection granted them, by the nation, against foreign competition, into a monopoly against the home consumer, that is to say against the same nation that granted the protection, that is quite a different thing. Yet the large sugar-refiners have formed a "trust" which aims at nothing else. And the sugar trust is not the only one of its kind. Now, the formation of such trusts in protected industries is the surest sign that protection has done its work, and is changing its character; that it protects the manufacturer no longer against the foreign importer, but against the home consumer; that it has manufactured, at least in the special branch concerned, quite enough, if not too many manufacturers;
