The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-22
LAND BUYING In ERIN.
PARNELL MOVES THE REJsCTIoN
OF BALFoUR's BILL.

w nAb ~ GAOpOooo-AA AC
Illusory and Insufficient - The
Amount of Money Provided For
Only a Quarter of What Would be
Needed.
LONDON, April 21.-In the House Of Com
mons to-day Mr.. Parnell moved that the
Irish land purchase bill be rejected by the
House. Speaking in support of his motion
he said that the measure justified the claims
of the natioaalists made nine years ago.
He welcomed Secretary Balfour as the
latest recruit to the rank, of the land re-
formers. While accepting the governments
recognition of the principle of land for the
people Mr.. Parnell declared that he
he could not admit that the
bill was a satisfactory solution of
the land question. The initial
question would show how far the British
taxpayers would 60 in lending credit to
their Irish landlords. The experience gained
by the discussion of Mr.. Gladstone's land
bill in 1888 showed that the taxpayer would
not go far enough to finally settle the land
difficulty. The present bill was meant
simply to enable one-ninth of the owners of
land in Ireland, this being the larger
absentee landlords, TO sell out at exorbitant
prices, leaving their poorer resident breth-
rem in the lurch.
WHAT 1T AMOUNTS TO.
81 assume that he will only have to deal
with 55 per cent. Of the area of his estate.
That reduction amounts to 916, 100 yearly.
He has then left on the security funds Sec
retary Balfour's proposed twenty years.
purchase, or $3.50. You may treat this
either as permanent loan or as a sinking
fund. | prefer to treat it as q
loan. The new income then will
against 927 los. under Secretary Balfour's
system. Without sinking fund it would
amount to 934 los, or loss of only 13%
per cent. on the original income of $40, in
stead Of a loss of 321 per cent under Secre-
tary Balfours scheme. In such a typical
case Secretary Balfour says he requires
$4,000 to settle the question. / only require
$3.50. That is, with this system you only
require one-sixth Of the sum that Secretary
Balfour requires in order to secure a re-
duction of 30 per cent in cases where. under
the purchase system, you only secure a re-
duction of 20 per cent"
EXHAUSTED IRISH CREDIT.
Mr. Parnell objected to the bill on the
ground that it did not provide for carrying
out what iU proposed, while 1t exhausted
the only Irish credit available. The bill,
he declared, was unsafe to the imperial
taxpayers, the guarantees and counter
guarantees it provided being illusory aud
insufficient. According to Secretary Bal
four's figures relief would be provided for
only three-fourths OF the tenants Mr..
Parnell further objected t, the bill
because it would exhaust Irish credit with
out the consent of the Irish, and
without any local co troll in tine applica-
.,f fha NN Ha Afofr fAA .Iox
the provisions of the bill. Again, while
coercion is applied as it is now, a tenant
can never be free agent. The bill did not
deal with the congested districts. His own
proposal, he said, was the same that he
made in 184i, with a few notifications.
Dealing with the insufiiciency of the bill,
Mr.. Parnell said that the land question was
not so large as many people supposed, but
they could make it large by the method of
purchase proposed. Ii adopted, the bill
must make the question larger question.
PRINCIPLE OF THE BILL.
The principle of the bill was to buy whole
estates and $40, ,000, 900 was a ridiculously
inadequate sum for the purpose. Ireland
contained ii, ,000, 600 acres Of land, the poor
law valuation of which was g9,000,0 900,
amounting at 1815 years purchase to 9l66,-
SOC, 900, which amount would be necessary
to provide a solution of the land question.
Otherwise three-quarters of the question
would be left untouched. Nine-tentbs of
tue landlords would have no prospect except
to continue strife with the tenants trying
to obtain the same treatment as the favored
minority.
Continuing, Mr. Parnell said the true test
of the worth of the guarantees provided
the London market, and try what he could
realize upon them.
MUST EFFECT A SETTLEMENT.
"The securities" he said, cannot be real
unless they effect q complete settlement of
the question under local authority. Other
wise the bill is parody on a land purchase
and swindle on the English taxpayer.
[Cheers.l If you adopt the limit
of tenants not exceeding ESQ
valuation, you reduce the amount
needed 10 55 per cent. of the sum men,
toned in the bill. Secretary Balfour pro-
poses to give the landlords SO many years.
purchase for reducing the rents of Judicial
tenants to q satisfactory standard. The
landlord may use the money SO obtained to
pay off the most oaerous membranes.
thus effacing heavy arrears Of inter-
est, while tie tenants will get the
30 per cent. reduction they clamor for,
without which peaceable agrarian relations
are impossible. Hear! hear u In a typical
case q landlord at G100 pounds yearly who
is encumbered to the extent of 81 600 is left
under the best conditions under this bill
with his present income Of $40 reduced to
R27 los. Under my proposal he gives re-
duction Of 30 per cent. on 955 worth Of the
net annual value Of his estate.
COMMENTS OF THE PRESS.
LONDON, April %, A. M.-The Tele-
graph, commenting on Mr.. Parnell's speech
in the House of Commons last night, says
that evel in his most frigid and unimpas-
stoned moments Mr.. Parnel has seldom
spoken in a more formal and perfunctory
manner.
The Chronicle says that Mr.. Parnell
must have felt himself in a cleft stick.
Both papers consider that the alternative
proposed by him was not intended seriously,
The Daily NeOs says: "Mr. Parnell's
plan will doubtless receive the attention it
deserves, but the landlord will be unusually
far sighted If he voluntarily agrees on any
conditions to further lowering Of judicial
rents"
Tee Times says that Mr.. Parnell was so
occupied with his new bantling that he
failed to draw a serious indictment against
Secretary Balfour's bill
The Standard says: "Mr. Parnell has
done the government one OF those services
that only bitter enemy can render. Not
only has his attack failed, but he has car
ried confusion iato the ranks of his own
friends
Messrs. Harrington, Dillon, Gladstone
and Randolph Churchill listened to Mr..
Parnell's speech.
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