The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-15
OFFCIALSEALSDELlVERED
Duke Devonshira to be Government
Leader in House of Lords.
THE NEW PREMIER GIVEN AN OVATION
Mr.. BaIfour. in His Speech, Refers in Eulogistic
Terms to the Chief Who For Nearly
Fifty Years Was in Active
pol;t,ce
Politics..
CBy the Associated Press.)

London, July 14.-Sir Michael Hicks
Beach has resigned as chancellor of the
exchequer. King Edward received Mr..
Balfour, the new premier, in audience
today at Buckingham Palace and deliver
ed to him the seals of his office and the
privy seal.
Informally announcing Lord Sails
bury's RESIGNATION in the House of Lords
today, the Duke of Devonshire added
that his lordship had also retired from
the government leadership in the House
of Peers and desired that he, the Duke
of Devonshire, should take up taat po-
stion.
The transfer of the seals of office from
Lord Salisbury to A. j. i3alfour had no
effect whatever on the Stock exchange.
The new premier. when he entered the
conference room of the foreign tffice,
accompanied by the Duke of DeVonshira,
Sir Michael Hicks-Beach. Lord London
berry and others, received quite an ova-
tion. Mr. Balfour referred to the loss of
the services of the chief for nearly fifty
years had been engaged in active l,olit-
ical life. 81 have accepted a great task
and a heavy responsibilities he said,
certainly from no overweenirg belief in
by own capacity, but because I am sure,
or at least have every reason to believe
that in attempting to carry OH this work
l will have the most important qualifi-
cation a leader can have, namely, regard
for and confidence in those with whom
he works. I can not now promise myself
that l shall have the continued assist
ance of all my colleagues 1 grieve TO
say l can not count with any assurance
on the chancellor of the excheuuers fur
ther assistance, though I can count with
absolute confidence on his good wishes in
the labors before Us
''As for the question OF policy L need
hardly tell you that the policy of the
Unionist party remains now what it has
always been. We have lost the services
OF a brilliant advocate of our cause We
have lost a man around whom the scnti-
ments and emotions of the party have for
many years crystallized. Nevertheless I
feel we would do wrong to despair, 90
wrong to have even the faintest misgiV-
ing in regard to the future of the cause
he has so song and so we'll upheld.
Sir Michael Hicks -Beaci, said there
was no one whom he would have more
gladly and more readily have acce pied
as leader of the party than the man he
had followed as leader for more than
seven years. But Lord Salisbury's re-
tirement was break with the traditions
of his past political life. Two years ago
he had begged for personal and not for
political reasons to be relieved from Of
flee, but he had consented At Lord Sails
bury's instance to retain it to the end of
the war.
j. Austin Chamberlain, financial 81 ere
tary to the Treasury, said his faiher
wished him to say how greatly ,lisap-
pointed he was that he could not be
present TO welcome Mr.. Balfour to the
leadership
MY father bids me to say to YOU Mr..
Baifour, he added, "that in Offering you
MS support he feels he may speak also
IN the name of the whole Liberal Union
ISL party OF the House of Commons