sense, be a gain of a negative character only. No, it would be a positive gain of immense value. But is it true, as is asserted, that positive reforms may be as little expected under Greeley's Administration as under Grant's? Let us see. I am in favor of a reduction of the tariff to a revenue basis. On that point I should have been glad to see the Cincinnati platform more clear and decided. It refers that question to the Congressional districts, and Mr. Greeley declares, although a protectionist himself, that he will strictly respect the will of the people as expressed through Congress. I will admit that the nomination of a pronounced revenue reformer would have given a more vigorous impulse to that movement. But where is the reason why the friends of that reform cannot push their efforts with the same hope of success? Is not the prospect now that they will be stronger in the next Congress than they have been for the last twelve years, and does not the Cincinnati movement work powerfully in that direction? It may look curious, not to say absurd, that the chances of revenue reform should be promoted by a movement headed by one of the most pronounced protectionists; but does not everybody know such is practically the fact? And do not those whose pockets are most profited by high protective duties plainly see and acknowledge that fact? Let the tariff reformer be wise enough to learn from his enemies. What does it mean that those protectionist associations of Pennsylvania who revere pig iron as their supreme being turn against Horace Greeley, the former apostle of their economic creed, and seek refuge under the wings of the Grant party? What does it mean that every monopoly that sucks the blood of the people kneels before the same shrine? The monopolists know what they are doing. They carry a sensitive instinct in their pockets. They are well aware that the movement of the people,