Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-09-17
THE BRITISH ISLES.
Politics Ug1der the New Regime-The
London Bank Failures.
Copyright, 1892, by the New York Associated
preaa1

Politics UE1der the New ReRime-The
London Bank Failures.
| Copyright 1892, by the New York Associated
Press.l
LONDON, September 1G.-The Conserva-
tiyes assert that the Liberals are doub tful-
| ly asking whether Mr.. Morley's revocation
! of the proclamations made under the CO.
ercion act is not tactical blunder. Libe-
rails whose appreciation of craft in politics
overtops their sense Of principle think
that MIR. Morley ought TO have delayed
the revocation Of the proclamations until
the very eve Of the reassembling of Par
lament. lie could then, according 10
their line of argument, have met Irish
clamor and satisfied Irish pressure by
! doing what he has now done under mere
| senseless fidelity to pledges. backed by
the hope that the Natl9nalists will respond
| 70 the confidence he places in them.
The Liberals know the intensity of the
desire of the anti-Parnellltes to support
| Mr.. MOrley's initial experiment towards
Irish self-goyernment What they ask IL:
VIII the anti-Parnellite's influence pre-
vaIl E? Will Ireland, freed from coercion,
have such a quiet winter as will justify Mr..
Morley's sudden actonI
THE IRISH IRREcoNcLABLEs.
The Unionists say, of course, that with
the restraints of law removed the Irrecon-
| cilables will show themselves and outrage
| Will become rife. IL Is part of the sadness
| Of the position of the genuine Irish
patriots among the Parnellites that
they are largely suspected of tardi-
ness to cooperate III preventing dis
| order: at least are not ready TO use their
influence to control the eruptive forces.
| Although the numerical strength of tho
| Parnelites is not great, their disturbing
power IS immense. If they have not the
priests and wealth Of Ireland on their side,
| they are still in close touch with the peO-
| pie.
They still dominate Clare and Dublin,
and greatly influence Galway, ROscOmmOn,
Cortland, and Waterford. Upon their for
bearance depends the success Of Mr.. Nor
| ley's first stroke in behalf of lreland's inde-
| pendence.
THE BANK TROUBLES.
Although the run on the Birkbeck Bank
was almost concurrent with the collapse
| OF the London Provident Bank, and with
| the failure of several small provincial
building societies. il has not had any ap-
parent influence on the money market. III
| would be wrong 10 suppose that the mem-
bers Of Hdue Finance were without anxiety.
| All over the country woTkingmens lnstltu-
tions and building companies are falling
| TO pieces. chiefly through mismanagement
but often through the dishonesty of the
| directors. The Blrk beck Bank Is the largest
| institution of the kind, and with ITS close
connections with some OF the great banks,
| II obtained offers Of assistance to stop the
| run, which was threatening 10 spread 70
| q greater financial sphere. The neWspa-
pers gave loyal aid TO check the panic, aD-
staining from every hint of possible dis
| aster aud giving prominence to every re-
assuring statement the bankers wished 10
circulate. Their position leaves the pub
lIc half convinced that all Is rlght,
though just cause for anxiety exists every
where.
sHAKY 8U1TDT50 sOCIErIEs.
Throughout England there are 1000
building societies with Liabilities OF over
G50, 900, 600. Many Of Them are known to
be utterly insolvent. Even If the panic
brings no further disastrous developments
one result Will be an amendment TO the
law under which they are allowed TO exist.
ANOTHER GREAT STEAMSHIP.
The White Star Company has commits
stoned the great Belfast sh1p-builders,
Harland j. Wolfe. 10 build an Atlantic
steamer that will beat the record III size
and sEeed. She has already been named
the Gigantic and Will be zoo
feet feet long, Of 65 feet, ~ inches
beam, and of 4,50O-horse power. 1t Is
calculated that she will steam twenty
two knots an hour with maximum speed
OF twenty-seyen knots. She VIII have
three screws. two fitted like the Majestic ),
and the third IN the centre. She Is 70 be
ready tor sea IN March, 1894.