The herald., 1896-02-09

PooieiOA tOWdTu t16 lrd0SVddt anu Is
warmly applauded by the press. The
most interesting features of the document,
however, are Mr.. Chamberlain's sugges-
tons for the treatment of the Rand. He
proposes that they be granted the
franchise after five years residence and
the Objectionable features of the
oath of allegiance, which would deprive the
other OF his status as a British subject, be
removed, so that the Rand be accorded
local autonomy. including control of its
own taxation subject to the payment of the
government of an annual sliding tribute,
based on the fluctuations in the mining in
dustry, and that such legislation be subject
to the vote of the preside n. and the execu-
tive.
Mr.. Chamberlain further proposed the
Rand be given a superior law court and
that the Rand be entitled to a vote in the
Volksraad or in the presidents election,
thus relieving the burghers of their fear
that the Uitlanders would utilize tho fran
chise to upset the form of government.
Nj. Chamberlain's suggestions are
looked upon in some quarters hero as
being tantamount to suggesting that the
Rand be granted home rule, and compari-
sous are drawn iE his attitude facing the
Uitlander and his uncompromising union
ism towards the granting of home rule to
Ireland.
The Westminster Gazette says: 1.-The
Liberals ought to be especially gratified at
this re-appearance of MIR. Chamberlain in
his once favorite part of a home ruler. His
action dsarms Liberal opposition, while it
will not fail to secure the support OF every
Irishman."
Ihe newspapers today agree that if the
views expressed on the subject OF the
Transvaal by the inspired newspapers OF
the South African republic, as wired to the
Times from Pretoria ard cabled to the AS
sociated Press last night, reflect the sincere
intentions OF the iooer government, a satis-
factory solution of the whole question will
early be accomplished.
The Economist today comments at length
upon the new United States loan, and
says: ''There has been a great deal too
much fuss about the fact that it was sub
scribed for six times over. This is spoken
of as evidence of the financial strength of
the country and the confidence OF the peo-
pie in the maintenance of gold payment;
but Is neither one CT the other. The fact il
| that the main indTcement to subscribe has
been the hope and expectancy of being
able to sell, at profit, the bonds for which
| applications have been made.
'Ihe effect the loan is likely to produce
| on the treasury is also exaggerated. 1t is
very probable that enough gold will be ac-
cumulated to pay the first couple of in
stallments: but it is more than likely that
the treasury itself will be called upon to
furnish portion of the gold for further
| payments.
| EVcu IL tilt lulA dIlOuub VI lIlc IOlu is
cashed in gold by the treasury, what likeli-
hood is there of its being retained there?
| What President Cleveland describes as the
''endless chain." which empties the treas
| ury reserve almost as fast as it is filled,
continues and will continue until the legis-
! lature is persuaded to pass measure to
| reform the currency on sound basis.
There is no present prospect of it. and the
mere issue of loan has altered nothing
and improved nothing. 1t can at best be
only a temporary respite and it is utterly
fallacious to regard it as inaugurating
new era of confidence and activity"
The speaker also warns investors, saying
that the success of the loan does not in the
least improve the position of the United
States, but it admits that it shows the
party of sound finance is unquestionably
strong.
1t has been heretofore stated by the AS
sociated Press that there will be q strong
bimetaIlic representation in the next par
Lament. The committee now numbers
l2o members and is much stronger than
ever before. The bmetallic question, it is
said, will certainly come before parliament
in the month of March.
Mr.. Howard Vincent, M. p, secretary of
the United Empire Trade league. has sent
a memorial TO the marquis of Salisbury,
asking that steps be taken to obtain the re-
lease from the articles of foreign treaties,
| which preclude preferential treatment OF
British goods from the colonies. He dwelt
! upon the fact that recent events have
shown that Great Britain must look to the
! resources of The empire, iilcln ing wheat
| and flour, which would be witlneid by her
foreign rivals in time of war.
The cabinet proceeded to Osborne today
! for the approval and signing of the queens
I speech.
But little editorial notice has been taken
of the speech which the United States am
bassador. Mr.. Bayard, made on Thursday
l1,t ~ Il, ~
Johns Foundation school. at the Hotel
Metropole, though it was reported at
| ength.
q The st. James Gazette, however, dis
cussing Mr.. Bayard's utterances upon that
occasion, remarked: "Whatever his own
people may think OF Mr.. Bayard, England
will cordially recognize the splendid way
in which he is working heart and soul for
good relations between the Two nations.
Unfortunately we feel that the better he
! speaks of England the worse do many of
his countrymen think of him and us.''
! Vanity Fair supports the attitude of the
st. James Gazette toward Lord Dunraven,
! and says:
Lord Dunraven made charges he was
| unable to prove and he ought to climb
down. The New York Yacht club has been
very kind to him. giving, him every chance
of retreating from false position, and it
now remains for Lord Dunraven to show
the kind of a man he is.
''Why the Americans generally, how
ever, make so much of what really is little
more than a mau-to-Inan dispute, is in
comprehensive. 1t seems that the great
American nation, like the individual Amer
lean, is too ready to take offense. The
new York Yacht club has not only shown
Lord Dunraven an example. but it has
shown an example in moderation to the
whole of the United States"
According to a statement widely pub
lished, the coming naval programme will
involve the outlay of $47 100000, and
will provide for the building of four iron
clads, four tirst-class cruisers, six third
class cruisers and sixty torpedo destroyers,
the latter to have a speed of from 30 to 33
knots. The battleships are to be similar to
the Renown type, but they are to have
rather more beam and to be longer. She
carried four l0.inch, 29-ton guns, ten
6-inch quick firers, eight 12-pcunder quick
firers and twelve 3-pounder quick firers.
She has q number of torpedo tubes and has
an estimated speed OF knots.
1t was stated toda y that contrary to pre-
vious reports, Sir John Milais has agreed
to accept the presidency of the Royal
academy until the end of The year and that
Val Princep, who has been looked upon as
the successor of Lord Leighton, may then
succeed Sir John Milais.
Advices from Biarritz SAYS that Mr.
Gladstone has been enjoying perfect
health. He goes to Cannes on Monday.
Mr.. Gladstone has been engaged daily in
literary work.