The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-15
.CHAMBERLAlNRULE
Believed that He viii Be All.Power.
fuI in the New Cabinet.
ALL ENGLAND SURPRISED
By Hicks.Beach'S Resignation as Chan.
celIOr of the Exchequer.
HIS SUCCESSOR NOT YET NAMED.
This Is Generally Considered the Most
Important Change.
BALFOuR'S SPEECH OF ACCEPTANCE.
The Retirement of Earl cadoean, tho
Lord Lieutenant of Ireland, lie
Now Expected.
BALFOuR'S SPEECH OF ACCEPTANCE.

London. July 14.-slr Michael Hicks.
Beach has resigned as chancellor Of the
exchequer
Perhaps never has a change OF premier
ship been effected with so little confusion
to business. either public or private MS ac-
companied the transfer Of the seals NJ Of
fce from Lord Salisbury 70 A, J Balfour.
The occurrence had no effect whatever on
the stock echanCe.
The only other change In the cabinet thus
far announced Is the rhancellorship Of the
exchequer, though others are foreshad-
owed.
Mr.. Balfour in addressing the Hrst meet
ing of his followers at the foreign office
this afternoon informed them that he
could not count on the continued assist.
ance of Sir Michael Hicks Beach. but hp
could count on the latter's good wishes.
The public showed little interest in the
party meeting which was summoned for
noon. The new premier. when be entered
the conference room Of the foreign office
accompanied nv the Duke n Devonshlro,
Sir Michael Hicks Beach, lord London
derry and others. received quite an oya-
ton when Mr.. Balfour arose to address
the meeting all stood IN and cheered the
new CDiPI. NIT bhiluuT TPiFTTtu 10 tue
loss Of the services of the chief who fon
nearly fifty years had been engaged In
active political life No one. he said,
would grudGe him his we'll earned repose,
though his loss was irreparable.
PREMIER BALFOUR'S SPEECH
81 do not iatter myself, proceeded the
premier "that the gap he has left can he
filled but the place he has left must be
occupied and 1t is because the King has
desired me to do my best that have
asked you to meet me today. / have ac-
cepted a great task and heavy rosponsi.
bility, certainly from no overwecnlnE be-
lief in my own capacity but because / am
sure that in attempting to carry on this
work, | will have the most important quail
iication a leader can have. namely. regard
for and confidence in those with whom no
works ! have not had the opportunity
before Of consulting YOU, but I have con-
suited those with whom ! have beeu work
ing in the cabinet these many years and
il the kindness you are prepared TO extend
to me is at all equal 10 the Kindness they
have extended to me. then indeed the ter
rors or difficulties of the task before mo
are greatly mitigated. l can not now
promise myself that I shall have the con.
tinued assistance Of all my colleagues One
of the most important OF them with whom
| have been associated all my political life
and who has occupied and deserves to oc.
cupy the highest post In the house of com.
mons and State has told me that / can
not count on his further assistance.
mean the chancellor of the cxchequer.
But though | grieve to say can not count
with any assurance ON his further assist.
ance, ! can count with absolute confidence
on his good wishes In the labors that are
before us"
AT this juncture SIR Michael Hicks
Beach, amid applause, signlhed his assent
by crying heartily, Hear heart!
For myself" continued Mr.. Balfonr, 81
have nothing TO say. To all members OF
at all events. to the members of the house
OF commons who are listening to me,
have no secrets aud no surprises
I'VE have lost the services Of a brilliant
advocate OF our cause. We have lost n
man around whom the sentlpen;s and
emotions Of the party have for many years
crystallized. Nevertheless. / feel we womb
do wrong to despair, do wrong to have
even the faintest misgiTing In regard to
the future OF the cause he has so long
and so wel upheld. II we preserve tho
unity In the future which has never been
wanting In our ranks in the past the In
herent vitality Of our cause will make up
for any weakness IN the arms which have
TO sustain 1t"