10 DECEMBER 1870, Page 2

The American politicians calculate that there will be a , majority

in the new Congress in favour of Revenue Reform, the term by which the Free-traders christen their policy. This, party is supported by the great bulk of the people in the West, who have discovered that while corn is unprotected, they have to- pay enormously for every article they consume. They desire, therefore, to reduce the tariff which their opponents desire to• keep up, and are' greatly assisted by the immense extent of the surplus revenue, which during the last fiscal year amounted to- g20,000,000. They say part of that surplus can be spared, and should be employed to relieve the people from their over-heavy expenses. This line of argument is not very scientific ; but it is, very effective in securing votes,—so effective, that the party-lines. are breaking up.