Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-08-06
MAY TAKE A RECESS
Belief That Parliament VIII Ad-
jsum in SIX Weeks.
LONG DEBATE ON HOME RULE
American n.a iroads Are borrowing
Money Prom London Financsrrs-
More Gold Cor the United states

LospoS. Aug. a-within the past few
dsys the ysriouz government organs
have been making the announcement.
seemingly based upon official authoriza
tiop that parliament viii tsis reeess
within six weeks and viii resume the
session ~ the end Of October. IL can be
stated that tkere announcements have no
value beyond intimsting the desire OF
the miussterialists that before the dlsso-
luton the ministers shall carry some Of
the leading measures that were derided
upon at the liberal conference held last
year at Newcastle. The ministerialists
believe that at least two d the measures
called are Newcastle program should be
passed before the dissolution. These
measures are the Paris councils bin and
4e employer's liability bill They hold
that Tor the liberal party 10 present its
resolution Tor the single achievement OF
the home rule bill would be TO expose il
20 almost inevitable defeat SO il the
opposition would accede 90 a brief ad-
iournment OF the house the govern
ment could upon che resump-
ton Of the session take mp
on its message concerning Great Bri-
tain. This. however. is exactly a pro-
gram which the leaders Of the opposi-
tion decline 10 assist Ia carrying out.
The third stage Qf the home rule bill
will open on Monday. This stage must
consume the time Of the house for at
least three weeks, though the govern
ment should use every possible means
OF closure. The debate will cover forty
two clauses. One of the most important
OF the new propositions is to be made by
the Rt. Hon. A. j. Balfonr. the conser-
vatiye leader in the house. who will
move an amendment TO the effect that
the Irish members be retained in the
imperial parliament shall have the
power To vote on motions amendatory OF
the home rule bill.
Into Committee OF the Whole.
After tho decision which is above
stated. will occupy three weeks at the
very shortest. and then the rest OF the
bill will be taken up. Then the house
will resolve itself into a committee OF
the whole. Over the question that will
come up. the opposition can wrangle.
interminably. until the government
risks the danger or establishing a pre-
cedent and applies the closure. This
method OF shutting of debate has never
been applied In committee on supply,
and the government il. 10 is said. hesi-
tant about making the precedent. Tho
| closing period OF the session Ia likely 10
be frought with scenes Of most intense
excitement The unionists might con-
sent 10 grant the estimates. IL the gov
ernment would consent to prorogue par
/ lament in September 10 December, but
"a prorogation involves the fresh in
PRODUCTION OF government bills when
parliament resumes. an adjourn
ment enables the house TO take up bills
at the stage they have achieved. MIR.
Gladstone will decline 10 prorogue par
lament.
Anxiety About United States
The developments in the financial
crisis in the United States are watched
here with the keenest anxiety. The
! fact that the New York Central 4 Hud-
son River railroad company has h al 10
come 10 London 10 borrow 100000
while the Pennsylvania railroad will ne
gotiate six months loan OF $500. 600
al ) per cent is commented upon as
showing how utter - the collapse OF
credit in the United States and how
complete is the lock up Of capital. The
credit of both the companies refeared
TO-" says the Statistic. stands high.
Their bankers are the greatest financial
houses in the United States. and yet
thes are obliged 10 come 10 London for
temporary accommodation. OF course
both companies will get what they de-
sire. The Atchison. Topeka 4 Santa Fe
railroad is likewise n borrower. Ii will
succeed la getting loan. rs IL offers
security Besides this two other com
panies are supposed 10 be applyiog to a
large financial firm for assistance. Ia
short all the railroad companies in the
United States have applied for floating
debts which under the present circum-
stalsces prevailing they cannot carry
and they have - turn 10 London for
assistance Tho Economist predicts
that much mere gold will be withdrawn
from England for the Uuited States be.
for the prcssure ceascs
The Speaker believes that the impor.
ta,on ~ gold is Strengthening the
American hanks and that this. com
binsd with the remedial measures to bs
taken by congress- eill reaseure the
American public. Naturally the bank.
will show what help they can be to the
New York community"