Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-12-14
BRITISH WAR LOAN.
Timothy NJ. Healy Objects 10 Its Being Float
ed in Wall Street.

London, Dec. 13.-In the House
of Commons, today, Mr.. Cham
. berlain said Great Britain pro-
posed to establish cheaper postage
with the United States, but Washing
ton was not prepared to entertain the
matter.
Lord Cranhorib under secretary of
the foreign office, said he regretted
that Canada-.was excluded from the
most favored treatment by Germany,
but explained that in the absence of a
commercial treaty between Great Brit
ain and Germany, there was no rem
edy at present.
Lord Cranborn, reverting TO the sub
jcct of the contracts for the Ugunda
railroad bridges going to America, said
that the American Bridge Co. would
build so bridges, using 1000 tons of
steel. The contracts totalled up 1876, 900
tons.
Sir VIM. Vernon Harcourt contended
that judging from the present pros
poets, the cost of British rule in the
Transvaal and the Orange River col
ony would be far greater than Boer
rule had been. He estimated that Gen.
Baden Powells police would cost Ca
100000 a year, a sum equal to the last
Transvaal budget.
Sir Michael Hicks Beach said that
possibly the new colonies would not
bear any part of the cost of the war
for a year or two after the war ended,
but he had in mind the future develop
mcnt of the TranSvaars vast wealth
and had made the falling in of the va
r.Ous loans at such periods as would
enable the government to see what
burden might be imposed on the Trans
Naal. In any event, no unreasonable
demand would be made. Without ex :
pressing a final opinion he thought
that direct taxation of the profits of
the mines was & question deserving
the most careful consideration.
Mr.. Broderick. secretary of state for
war. said the policy of the war office
was not to give commands to some of
those who had not succeeded with
commands in the field.
The supplementary war loan and ap-
preparation bills were then passed to 4
second reading.
Sir William Vernon Harcourt criti-
cised at some length the government s
| financial makeshifts. He said the min
| listers would have strenuous support in
making the Transvaal share the cost
of the war. but pointed out that the
| gold mines We're the only source of rev
enue and that the mine owning capt.
| talists would not pay for the war eX-
! cept on compulsion. The capitalists
were masters OF South Africa, CONTROL :
ed its politics and would be supreme
| in the new colonies. If the government
wished TO obtain anything from the
| Transvaal toward the cost of the war
| it would have to face the "kafiir Cir
Gus in South Africa ard London, and
| it would require all the courage of the
chancellor of the exchequer and the
colonial secretary and all the integrity
of Parliament to cope with the matter.
| Timothy NJ. Healy. Irish National
| list member for North Louth. asked
| how much of the new loan was to be
| hoated in Wall street. He added: Il
| strongly object to the association of
| Wall street in British national inter
e5ts. When we have the unsCupulous-
! ity of Wall street on top Of U.S. we shall
, pay dearly for the small sum saved
! the country in discount. The whole
cost of the war should be placed on the
| TransVaal."