The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-09-17
IRISH SELF-GOVERNMENT
WHAT WILL BE THE EFFECT OF
MORLEY's INITIAL EXPERIMENT.


The Liberals Think That His Procla-
nation Should Have Been Delayed
Until the Eve Of the Reassemblin9
of Parlamsnt-Ihe Effect OF the Re-
cent Bank and Building Societies
Failures on the Money Market.
tCopvri0ht. 1892 BY the N. Y Associated Press.)
LONDON, Sept. 16.-The conservatives
assert that the liberals are doubtfuIly ask
ing whether Morley's revocation OF the
proolamations made under the coercion aot
is not a tactical blunder. The liberals,
whose appreciation of craft in politics over
tops their sense of principle, Ehink that
Morley ought TO have delayed the revoca-
tion Of the proclamations until the very eve
Of the reassembllng of parliament. He
could then, according to their line of argu-
ment. have met the Irish clamor aud salts
fed the Irish pressure by doing what he has
now done under a mere senseless fidelity To
pledges, backed by a hope that the nasion-
alists will respond to the confidence he
places in them.
MoRLRY's INITIAL EXPERIMENT.
The liberals know the intensity Of the des
sire of the anti Parnellites to support Mor-
ley's initial experiment toward Irish self
government. What they ask is, will the
anti-ParnelliEes' influence prevaill WIN
Ireland, freed from coercion, have suoh q
quiet winter as will justify horIey's
sudden actioni The unionist8 say, OF
course, that with the restraints OF
law removed the irreooncilables will show
themselves and outrage will become rife
lt Is part Of the sadness OF the position OF
the genuine Irish patriots among the Par
nellltes that they are largely suspected Of
readiness TO cooperate in disorder, at least
II not ready to use their influence to con-
troll the erupuve forces.
PARNELLITEs' PHYSICAL STRENGTH.
Although the physical strength of the
Parnellites 10 not great, their disturbing
power is immense. II they have not the
priests and wealth of Ireland on their side,
they are still in close touch with the people.
They still dominate Glare aud Dublin and
the great influence OF Galway, Rosoommon
Cortland and Waterford. Upon their for
bearance depends the success of Morley'a
nrst stroke In behalf Of lreland's indepen-
denoe.
Although the run on the Blrkbeck Bank
was almost concurrent with the coll
lapse OF the London ProVident Bank
and with the failure OF several
small provincial building societies, ik
has not had any apparent influence on the
money market 1t would be wrong 60 sup~
pose that members OF the Haute Flnancs
we're without anxiety.
FALLING TO PIECES.
All over the country workingmen's insti-
tutions and building operations are falling
to pisces, chiefly through mismanagement,
but often through the dishonesty of the
directors. The Birkbeck Bank is the largest
institution of the kind, with close conneo-
tton with some OF the great banks, and OBJ
tatned offers OF assistance TO stop the run
which was threatening to spread to the
greater financial spheres. The newspapers
gave loyal aid to check the panic, abstain-
ing from every hint OF possible disaster,
and giving prominence to every reassurin9
statement the bankers wished to circulate.
Their position leaves the public half con.
vipoed that all is right. though just cause
FOR anxiety exists every Throughout
England, there are 2, TOO building societies.
with liabilities Of over R50,000. Many OK
them are known 10 be utterly insolvent. II
the panic brings no further disastrous de-
velopments, one result will be- an amend
ment to the law under which they are al-
lowed 20 exist.