The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-02-21

The Duke of Abercorn, who is president
of the powerful Irish Landlords associa
ton, which at first declined to join the
Earl of Mayo and Lord Dunrayen in con-
ferring with the nationalists,. but which
later signified it's assent, frankly admits
that he is amazed at the results achieved
and at the "happy topsey-turveydom'
now prevailing in Irish politics.
Asked if he thought the natonalists
were sincere in their professions of will
ingness to settle the lond- standing griev
ances by a compromise. he ernpha tically
asserted his belief In their complete sin
cerity. H..
The duke could not conceive that the
government would "stand on any euib-
aies' when the solution OF the most SeTl-
Gus problem of the empire was within it's
grasp. He thought the process of chang
ing the holdings from the landlord to the
tenant might possibly cost s3.5O0,000 an
nually, adding: 1T surely would be cheap
at that price -a.....-
The Necessity for Money.
Neither Mr.. Redmond nor Lord Dun
raven believes the transfer of the land
would involve more than $1,000 900 annu-
ally and both think that the economies
resulting from the cheaper administra ton
would sreatly reduce this figure ii they
do not eventually quite wipe out the ne
cessity for state aid in the payment OF
difference between the maximum price the
price the landlord can accept.
The Irish unionist leaders are of the
opinion that the whole question might b.
declared settled in advance if the gov
eminent was not so desperately hard up
in consequence Of this lack of funds. DR.
Wyndham's bill will not be introduced I'M
til after the presentation of the budget sc
that any money to carry out the provisions
Of the bill will not be included in the
years taxes.
Chancellor of the Exchequer Richie
while quite sympa thetic toward Ireland
now faces a more serious financial situa
ton and more bitter protests against over.
taxation than have confronted any chan
cellOr in recent years. The phenomen
ally small government majorities since
parliament reassembled are indications O
the storm which is brewing over Mr.
Ritchie's head. He must also float new
Transvaal loan before Ireland gets an ad
ditional penny and the government, will
reason, is keenly anxious in this respect.
The u. S. Needs Its Own Money Now.
Consols yesterday were at the loves
point reached this year and inquiries made
Mt Anglo american banking houses, suci
as the Morgans, Seligmans and Speyers
reveal the fact that there is no indication
Of the United States subscribing to loan
Since the last war loan was SO lately un
derwritten in New York the internationa
monetary SITUATION mas COmpletel
changed and the firms here say the Amer
leans now need their capital for use a
home. One flnancier said:
IF the government brought out a loa
which would really provide means for set
Ting the Irish question they would ge
more underwriting than they would kno,
what to do with, both here and in Amer
ica."
Landlords Are In Earnest.
Mr. Redmond was asked point blank
he thought the landlords were in earnes
He replied:
II have every reason to think they ar
Just as anxious as we are to settle ono
and for all Ireland's troubles. If M
Wyndham brings in a bill on the lines
the decisions arrived at by the Dubli
conference the greatest step in the II
dustrial and social history Of Ireland wi
have been accomplished. More than tina
it will be most important step toward
home rule. Under the new system til
landlords will live in Ireland. derive benz
fit from their property and begin to tax
a new interest in Irish affairs. They wi
then see the necessity for an extensio
of local government and will eventual
become as anxious as ourselves to secul
home rule