The course. of political events in the United States since the presidential election has been conservative, To those who are on the outside of political organisations and who try to form & just estimate of the principles and doings of parties, the outlook for the new Administration is, on the whole, encouraging. But the new Administration will find the affairs of the nation in a very critical condition, from which only the wisest statesmanship can evolve stability and confidence, When the next Congress assembles, whether in special session to meet urgent necessities, or at the regular time next fall, questions of the greatest moment will be brought forward which cannot be evaded. The greatest of these are such as relate to the revenues and monetary system of the country. It is said that the Democrats have never been wise financiers, and some anxiety is felt as to their course when they are brought. face to face with the practical results of the policy of the present Adminstration. Certainly party principles, aa declared in the campaign platform, must be sictificed, for there is no time for trifling. The bare suggestion of avy policy approaching Free Trade would be foolhardy. The party which favours FreeTrade is met at the very beginning of its rule, with the necessity of increasing an already enormous revenue to meet the current expenses inc red by Republican extravagance, and will probably be done in part by imposing a duty on refined sugar.
Text read from the printed page and cleaned; old type leaves the occasional error.