Waterbury Democrat., 1902-07-14

con With the Remains of the Late
 Lord Pauncefote- Change of Pre-
 miership Had No Effect on Business
 or the Stock Exchange -Balfour's $
 Address to His Fellows.
 London, July 14-Sir Michael Hicks Beach has resigned as chancellor of the exchequer.
 London, July 14.-Following is the bulletin on King Edwards condition, posted at 10 o'clock this morning, at Buckingham palace:
 The king continues to progress sat dsfactorily. His general condition is excellent and the wound is healing well.
 London, July 14.-Perhaps never has 3 change of premiership been effected withwith so little dislocation to busi- ness, either public or private, as ae- eompanied the transfer of the seals Of office from Lord Salisbury to A. J. Bal . four. The occurrence had no effect whatever on the stock exchange. The only other change in the cabinet thus far announced is the chancellorshiD of the exchequer, though others are fore shadowed. MT BaIfour in addressing the first meeting of his followers at the foreign office this afternoon, informed them that he could not count on the continued assistance of Sir Michael Hicks-Bannerman, but could count on the latters good wishes. The public showed little interest in theparty meet ing, which was summoned for noon, and the members of parliament gath cred in Downing street almost unno- ticed. The new premier, when he en- tered the conference room of the for eign office, accompanied by the Duke of Devonshire, Sir Michael Hicks Beach. Lord Londonderry and others, received quite an ovation, all present standing and loudly cheering. When MT Balfour proceeded to address the meeting all again stood up and cheered the new chief. So soon as quiet was restored MT Balfour referred to the loss of the services of the chief who for nearly fifty years had been engaged in active political life. No one, he said, would grudge him his well earned re- pose. though his loss was irrep4rable..
 sI do not fatter myself" proceeded the premier, That the gap he has left can be filled. But the place he has left must be occupied, and it is because the
 king has desired me to do my best to take that position that I have asked you to meet me to-day. I have accept ed great task and heavy responsl- bility. certainly from no overweening belief in my own capacity, but because I am sure, or at least have every reason to believe that in attempting to carry T. T portant qualification a leader can have, namely, regard for and confidence in those with whom he works I have not had the opportunity before of consult ing you, but have, of course, consult ed those with whom I have been work ing in the cabinet these many years, and if the kindness you are prepared to extend to me is at all equal to tie kind ness they have extended to me, then in- deed the terrors, or difficulties I ought perhaps to say, of the task before me are greatly mitigated l cannot now promise myself that I shall have the continued assistance of all mg col leagues. One of the most impor tant Of them, with whom I have been asso- ciated all my political life and who has occupied and deserved to occupy the highest post in the house of com mons and state has told me that can not count on his further assistance. I mean the chancellor of the exchequer. But though I grieve to say I cannot count with any assurance on his fur fher assistance, can count with abso- 1ute confidence on his good wishes in the labors that are before us.'
 At this juncture Sir Michael Hicks Beach, amid applause, signified his as- sent by crying heartily, ~Hear, hear''
 "For myself" continued MT Balfour, FI have nothing to say. To all the members, or at all events to the mem bers of the house of commons wGo are listening to me, I have no secrets and no surprises. You have known me so well and so long that even were dis posed to dwell on this thing there is nothing I could say which could or ought to alter the judgment already long ago formed But if I have nCth- ing of a personal nature to say at the present time, neither have I any pro- nouncement to make. Changes there must be. consequent on the great change which we have met here to de- p1ore. But this is not the occasion on which either to discuss them or even think of them. As for the question of policy, I need hardly tell you that the
 
 now what it has always been. We have lost the services of brilliant ad- Tocate of our cause. We have lost a man around whom the sentiments and emotions of the party have for many years crystalized. Nevertheless. I feel we would do wrong to despair, do wrong to have even the faintest mis- giving in regard to the future of the cause he has so long and so we'll up held. If we preserve the unity in the future which has never been wanting in or ranks in the past the inherent vitality of OUT cause will make up for any weakness in the arms which have to sustain it.
 Southampton, Eng, July 14.-The United States armored cruiser Brook lyn, from Annapolis, July 1, having(on board the remains of Lord Paunce- fote, late ambassador of Great Brit ain at Washington, arrived here this morning. The body was landed soon after II o'clock.
 Full naval honors were paid to the remains of Lord PauDcefo
 widow followed the coffin from the