The times. [volume] (Richmond, Va.) 1890-1903, 1902-07-15
! GREAT BRIT +.
HAS new PREMIER.
lord Salisbury Lays Down Reins
After Long Service.
A. j. BAlFouR ACCEPTS POST
Sir Michae ell Hicks-Beach. Chancellor OF
the Exchequer. Has Also rendered
His Resignation-change Causes
No Stir In Stock Market
A. j. BALF0UR ACCEPTS POST
;sy Associated Press,


the Foreign Office this morning the an
nouncement OF the resignation was for
nally made.
Vague runors OF il have been rife sine
the death OF the Marchioness OF Sails
bury. These began 10 take more definit
shape a few months ago. the end of tn
war or the contamination of the coro
nation being mentioned the probab!
time of the resignation. At the sam
time the announcement will come as
surprise to the Unionist party. who's
4 members did not expect it until late !.
| The autumn.
Last Friday Lord Salisbury paid pri
vate visit to the King and presented hi
resignation, advancing years and failing
j health as being the reasons he gave The
! King graciously but regretfully accepted
! the resignation and subsequently com
municated with A. ]. Balfour, leader o.
! the House Of Commons
i BALFOUR ACCEPTS
Saturday Mr.. Balfour was received by
the King, who offered him the post of
Prime Minister. which he accepted. and
&hea held meeting with Joseph Cham
berlain and other members of the Gov
4 l.
4 was particularly amiable. for Mr. Bal
four is exceedingly popular with his fell
low-mnisters.
4 It was then agreed to make the an
nouncement public. This is sure to give
rise to many rumors of changes in the
Ministry. but it is believed by those on
xhe inside that there will be none.
In the meantime Mr.. Ralfour, as Pre-.
mier. will remain leader of the House OF
Commons.
IICKS-BEACH RESIGNS.
4 Perhaps never has a change Of pre-
miership been effected with SO little
dislocaton of business. either public or
private, as accompanied the transfer of
The seals of Office from Lord Salisbury
TO a. J. Baifour. The occurrence had
no effect whatever on the Stock Elk
change. The only other change in the
Cabinet thus far announced is the Chan
celiorsilip of the Exchequer, though
Others are foreshadowed. Mr.. Balfour
in addressing the first meeting of his
followers al the Foreign Office this
evening. Informed them that he could
5 not count on the assistance of Sir
Michael. Hicks Beach. but he could count
on the latter's good wishes.
OVATION FOR NEW PREMIER
The public showed little interest in
the party meeting which was sum
.
when he entered the conference room
of the Foreign Office. accompanied by
the Duke Of Devonshire. Sir Micha ell
Hicks Beach. Lord Londonderry and
others. received quite an ovation. When
Mr.. Balfour rose to address the meet
ing all again stood up and cheered the
new chief. Mr.. 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 weil-earned re-
pose, though his loss was irreparable.
Il DO not fatter myself proceeded
the Premier, that the gap he has left
can be filed. But the place he has left
must be occupied. and it is because the
King has desired me to do my best to
take the position that i have asked you
to meet me to-day. I have accepted a
great task and a heavy responsibility,
certainly from no overwhelming belief in
nv own capacity, but because / am sure.
or at least have every reason to believe.
that in attempting to carry on this work
will have the most important qualitl-
i cation a leader can have, namely, regard
for and confidence of those with whom
! he works. One of the most important OF
/ tteu with whom have been associated
all my political life. and who has occu-
pied and deserves to occupy the highes:
Z most in the House Of Commons and
on his further assistance. mean the
Chancellor of the EXchequer, but, though
&, I erIeye to say / cannot count with ann
j assurance on his further assistance l
csn count with absolute confidence on
his good wishes in the labors that are
before us.
Al this iuncture Sir. Michael Hicks
Beach, amid applause. sisnlfed ms as
| sent by crying heartily: Hear, near
NO CHANGES CONTEMPLATED.
For myself" said Mr.. Balfour. II have
I nothing to say. To all the members, OF
4 a, all events to the members of the
/ House of Commons who are listening &c
4 me I have no secrets or surprises. on
have known me so well and SO long that
arsn we're / disposed to dwell on this
thing. there is nothing ] could say which
could or ought to alter the Judgment
I. long ago formed. But if / have nothing
of a personal nature to say at the present
time neither have / any pronouncemen'
! to make.
After a warm tribute to Lord Sails
hurry by the Duke of DeNonshire, Sil
/ michael Hicks Beach rose and said there
| Was no one whom he would have more
gladly and more readily have accepted
1 as leader OF the party than the man he
1 had followed leader for more thar
I seven years. But Lord Salisbury's re,
tirement was break with the traditions
that the moment had come when sucl
poor services as he could render could
no longer be necessary to the country.
INTEREST IN CABINET.
The real interest of London, is not
g., much in Lord Salisbury's Withdrawal
as in the appointment Of his successor
The liveliest speculation is rife as to
the personnel of the new Cabinet The
most discussed feature is the position of
Jcscph Chamberlain. who in many quar-
,.is had been regarded as the most prom
is.ne candidate for the premiership. Prior
IL The acceptance of his new office Mr..
1s:,,four first had an interview with MIR.
Chan ber,ain and then consulted his
s1her Cabinet associates. This is regard
ed as assurance that the future relative
,1si;ions OF Messrs. Balfour and Cham
f,.alain will be satisfactory to both. MIR
Cn.mberlains friends say he always re-
ccrn.zed the reversion of the premier
frip TO be Mr. Balfour's right as gov
err n,ent leader in the House of Com
r;ors.
AS to Lord salisbury's Withdrawal the