The times. [volume] (Richmond, Va.) 1890-1903, 1894-01-07
PARISH COUNCILS BILL.
CONsERVATIVE COMPROMISE HAS
TIED THE HANDS OF THE LORDS.
The Bank of England Stock Badly shaken
by the Sensational Rcports-The
Eyicted Tenants Bill.
Copyright 1854, by the United Prcss)

Copyright, 1854, by the United Press)
LONDON, Jan. 6.-The compromise, In
which the Conservative leaders agreed to
| the passage Of the Parish Councils bill,
has tied the hands Of the lords as re-
| CARDS the modification or rejection Of this
measure, which IS intended TO revolu-
tlonize the whole system Of rural gov
ernment in England. The concessions
| granted in the compromise TO the Con-
| servatives in no wise alters the main
proposals to place the control Of the rural
administration under the popular vote.
| Henceforth the agricultural laborers, if
| they choose TO exercise their power, can
| rule parish interests as they please.
The last struggle over the measure in
| the House Of Commons concerned the allOt-
ment and execution Of poor-law boards.
| The government agreed TO the tOnFer-
| vative amendments. by which the boards
are to cooperate with four OF the former
| ex-ofiicio members, and ailotnents are
not 10 exceed four acres, one acre arabic
/ and the rest pasture. Another Conserva-
tive amendment provides that after the
| termination of the allotment occupancy
| the landlords will not be liable for the
tenants Improvement.
In commenting upon these amendments
| the Spectator says: "Once the electors
| get the bit between their teeth no reStfic-
| tions which the bill contains will prevent
the parish councils from becoming thor-
oughly Jacobin in type, plunderihs the
landlords under the cover OF compulsory
allotment and the rate payers through
| the boards of guardians
The Application TO London.
Quite as momentous revision viii be
the application Of the part Of the Dill
| TO London. The present system OF local
government through yestries' ana pooi-laW
| guardians. both elected by the rate pay
| ers. is abolished, and method OF fran
| chise quite equivalent to imanhood SUI
fragc with the secret ballot becomes law
| Even the rating qualification OF candi-
dates is abolished. and women are elec-
torallv eligible. 1t is complete Democrat
ic home rule for London. The Tory news
papers seem TO be just waking up to the
! fact that the Conservative leaders in
| agreeing 90 the compromise, have serl-
ously compromised themselves The al
| teration Of local franchises will nccossi-
tate a special bill for electoral registra-
tion. The Conservatives, after finding
| how they have been deluded in their
recent compromise with Gladstone Will
probably make a protfacted struggle over
| this bill.
Egicted Tenants.
The Ministers have given pledges TO tho
| irish members that the Queens speech
| at .he re-opening Of the session shall am
nounce the urgency of a bill TO rcinstatc
evicted tenants I'm Ireland. The bin has
| already been prepared in accordance with
| tie recommendations of Justice Matthews,
| commissioner, who was appointed i'm De
! cember 1882. TO inquire into the condition
| Of evicted tenants II viii be pressed
through the House of Commons without
delay. The other bills which viii be pro-
| missed in the Queens speech viii provide
| for Welsh disests blishment ono man one
vote to the local veto, the eight-hOur day
! IN mines and exceptionally unhealthy in-
| dustries. and the equalization Of the rates
| in London. Seeing in the heavy character
| of this programme the certainty Of
| prOtracted session. the Irish Nationalists
| agree that it will be futile 10 re-introduce
| the hOme-rule bill until 1883, shortly be-
| fore the dissolution.
The Observance OF the eight-hour day
| in Government factories Will begin on
| February 9Th, and viii affect some 5000
| men.
The deficit in Sir. William Ilarcourts
| budget is bound TO increase with the IN
crease Of naval expenditures. and it Will
be met, according TO present reports.
with a loan on the Governments Suez
Canal shares. Speaking at Northampton
this week, Henry Lab0uchere, the Radi-
cal leader, advocated the sale OF half the
shares now held by the Treasury.
Bank or Tng'and ocl ShaIsen.
Bank OF England stock, long the slead-
lest Of investment securities. has been
| badly shaken by sensational articles alleg-
ing that the bank had been rendered un-
stable by mismanagement The articles
were written by a well-kncNn hnahcial
writer. Although they contained only
the facts told six weeks ago, when Chlei
| Cashier Mays dismissal was unde" as
| cussion they have been reproduced widely
and a scare at once ensued.
In three days the stock fell seven
| points. To-day the rush Of sellers was
| STAYED. and many of them have begun
repurchasing, sending the stock up l.
| points.
| North Aberdeen. wished last eveEing 10
! question the Chancellor Of the EXchequer
! as to the position of the bank, but WIS
| ruled out Of order Privately, Sir VII
| liam Harcourt gave the assurance liil1
| the banks position was absolutely apoNe
suspicion, and that the scare was riuieu-
| lous.
Commenting on the fact that the posi-
| ton, once considered a good one ana inuch
sought after. financial editor of the Lon
| don Times. has been refused By more than
one person 20 whom it has recently been
offered, the Staist. one of the leading
| financial papers OF England, says: "Ine
sapiont conductors Of this newspaper llhe
| Tines so interfere with the city article
that il mas become mere farrago, stale
information, and feeble, and sometimes
| silly comment The right course for the
! Times would be 10 select a man Of high
| attachments. and pay him well enough
| TO make II worth his while 10 give his
whole time to the paper; but such
policy requires a man Of high character
| and intelligence aud the Times has no
body Of that stamp at its head
| DOLE STILL PRESIDENT.