The Results of Protection in Germany.

From the Report of the German Chambers of Commerce,

After One Year's Experience of the New Tariff.

"The high duties have greatly enhanced the cost of the necessaries of life, while instead of wages rising, as was predicted, they have either remained stationary or declined, and the condition of the German workman has consequently materially deteriorated. Nor has the trade of Germany benefited any more than the workman by the new policy. A small number of large industries and joint-stock companies may have derived some advantage from the new duties, but in the great majority of trades the tariff has proved not a protection but a burden; the Germans have found that import duties fall upon the consumers and not upon the foreign sellers."

[Economist, Dec. 10, 1881.