, 1891-04-11

is, therefore, still 910, 172, 600, against which
there are, in good debts and cash, e4,213, 900.
estates worth 81 ,OO0, 600, and other securities
worth FL, $500, 900, and q quantity OF South
American paper. The ultimate issue will
depend on the selling price of this paper, and
though Mr.. Lidderdale held that on the strict
est valuation the guarantors would be covered
he did not venture as yet to go further than
that. It is probable, of course, that the
Argentine Republic and Uruguay will recover
their credit-which has been greatly affected
by mercantile disasters, as we'll as their own
misconduct-but the question for the City,
including the Bank, is whenH
The Americans are a great people, in moth
ing greater than in their marvellous tolersncs
for corruption. It is asserted, on the authori-
ty of Members OF Congress, that clauses have
been inserted in the Indian Appropriation
Bill under which E2, 600, 900 at the least has
been voted for suspicious" purposes having
no connection with Indian affairs. The ap'
preparation itself is double the largest sum
ever previously voted, and it is declared that
under it 100000 has been voted to pay the
Arapahoes, and &60O,O 900 TO pay the Ckock-
taws, for precisely the same tract Of land,
which, of course, they cannot possess in CON-
mon. It is not clearly stated who will benefit
by this "~stesl," but it is definitely pointed
out that the Senate sanctioned the vote, and
that the House of Representatives, after the
bIunder had beenpointed out by the Secretary
of the interior, refused to cancel it, the infer
ence naturally being that the mouey will be spent
on the expens es of the party campaign. This
Congress has been all along spending national
money for the pleasure of spending, its sp.
preparations in it's two years of existence
having been &2O1 600, O00, or EGO, 900 in
excess of the average of eight previous Con.
crosses the Pension List alone has been
swollen to more than 100000, 900 sterling.
1t is at this point that democracy breaks
down, both in America and France. and will
break down in England. The temptation to
rob the Treasury is too great for the virtue Of
poor men.
Mr.. Balfour moved in Committee OF Supply
on Thursday, for a grant of zoos S1 for tho
relief of distress in Ireland, and made an
interesting speech on the measures taken;
to supply the people Of the West Coast with
work on the new railways, and with seed
potatoes for the districts where the potatoes
had failed. Mr.. Balfouf showed how heartily
everybody had co-operated with him In press
ing on the railways, and in so arranging
matters that it was possible 70 employ. upon
them a very large dLnounC VI WHs@"te0 AooVutG
instead of having recourse to the skilled labour
which must have been imported, and would not
have helped the distressed population at all,
"As a result, I believe that there are few,
if any instances in which s~Pie-hodied
persons living in the neighbeur.hood
of the lines, in acute d~istressr have been
excluded from employment" About eight
Thousand labearers have been employed at
wages ranging from lis. to 14a. and about
100000 has been paid away in payment OF
labour since the works began. AS eviden:s
that she distress had really been relieved
may we not say too m~ek retrieved MIR.
Balfour mentioned that there had been strikes
in several Of these districts for shorter hours
and higher pay. Evidently the population
feel no scruple in looking q gift horse in the
mouth, and criticising it very narrowly,
The vote was carried without Opposition,