Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1903-03-28
PROPOSES FREE GRANT OF $50, 900, 900
islation-MfchaelD avitt Celebrates
Fifty-Seventh Birthday by Reen-
tering the HOuse-Tthe Summary of
Principal Features Of tn Bill.

| mote peace and contentment in Ire
land, was evidenced by the crowded
house.
The peers gallery and the distin-
guished strangers gallery were filled,
and there has been no such gathering
of members of parliament since the
opening of the session.
Michael Davitt, the father of the land
league, celebrated his ffty-seventh
birthday by reentering the house for
the first time since he ceased to be a
member, in order to hear the chief
secretary for Ireland unfold his plans.
Scheme UnfOlded.
Mr.. Wyndham, who was heartily
eheered when he arose to speak, an
nounced at the outset that the govern
ment thought cash aid was necessary
for the fulfllment of the proposed
scheme, but it attached greater i'm
portance to the credit operation than
to the cash operation. He then unfold
ed the scheme, which provides for ad-
nances of money for the purchase of
land by the tenants. The advances will
he in the shape of cash and not of stock,
but in order to enable the cash to be
raised anew stock is to be foated. It
will be called "Guaranteed two and
ahree-quarters per cent. Stock and
will be unredeemable for 80 years.
Issue of Stock.
Mr.. Wyndham doubted if $500, 000,-
[ 600 of the stock would be needed. It
! will be issued at the rate of $25,OOO,-
900 yearly for the first three years, and
afterwards possibly in larger sums.
In addition to this the government
proposed a free grant of $50, 100000 to.
be raised by additions to the stock,
the interest and sinking fund of which
will be borne by the treasury, and the
maximum annual charge of which will
not exceed $1,95O.0O0. Against this
charge ON the British treasury the
Irish government proposes forthwith
to commence reductions in the cost
of administration amounting to ST.
$50 600 per annum forever.
| Ruin on All Sides.
Proceeding, Mr.. Wyndham dealt with
| the points of the bill, which contains
bewildering mass Of figures showing
how advances would be made and the
terms of repayment, but it seems in
: the main to be on the lines laid down by
the land conference report and will be
: satisfactory to the landlords and ten
ants. In the course of his speech,
which was punctuated by cheers, Mr..
: Wyndham said the landlords of Ireland
were being ruined financially and that
the tenants were being ruined morally
and the taxpayers of England were
paying 100000 per annum to the land
commission and 100000 to the Irish
police, which largely was needed TO
deal with illegalities arising from the
land question.
State Incurs No Risk.
Mr.. Wyndham did not think any
reconcile or yelled reasons need be
looked for. Past experience showed
the state incurred no risk in giving
such aid. From the taxpayers view
point it was stated that aid for land
purchase was safe commercial trans
action. BY the aid CT the state $4,000
"a tenants had already bought their hold
ings and the state had not lost a half
penny. Public opinion supported re-
payment, and this was high, moral Sc
curity, besides which was the security
of the land itself.
Two Alternatives.
In conclusion, Mr.. Wyndham said he
was sure the landlords and tenants
would continue to act in the reason
able spirit which actuated the confer
ence. There were two alternatives be-
fore the country. They could prolong
for another $50 years the present trag-
edy in Ireland or they could now
initiate and henceforth prosecute a
business transaction occupying some
IS years, based on selflesteem, probity
and mutual good will of all concerned.
Mr.. Wyndham finished speaking at
40 p. m. Later the land bill passed it's
first reading. The second reading was
set for April %.
To Honor Roosevelt.
Paris March 26.-At a Drivate meet