New-York tribune., 1903-04-16
THE LAND Bills FATE.
! TO-DAY,S CONTENTION.
May Make History for Ireland
Cotton Gro7Cing an n fracd.
tgpecial to The New-York Tribune BY French csblel

Especial to The New-York Tribune by French Csble)
Copyright; 1903: By The Tribune Assocauoi'
London, April 16, a. m.-This day may prove
to be a momentous one in the history Ire
land The National Convention. which is % de-
fine the attitude of the Nationalists of Ireland
toward Mr.. Wyndham's Land bill. VIII assemble
in the Dublin Mansion House this morning ana
its proceedings will last two days John Red
mond will preside. and there Will be oe"eeh
three thousand and four thousand oeRsaeeS
present from all parts of the country. Inc ihalii
question for consideration OF the conVehuon Is
the aceentance or rejection of the bill. Mr. Red
mond judging from a recent speech. WI ao-
wise its acceptance of the principle OF the meas
ure on a. second reading. and attempt subse-
ouently TO modify it in committee. The Free
mans Journal" however. which is fairl! rep
resentative of Nationalist feeling, does moi seem
10 have been recently in full accord with Mr.
Redmond and there may be sharp criticism or
MANY details of the bill. Mr.. Russefs or
ganization met yesterday at Belfast ana lIs
views may be taken as broadly representing the
ideas of the Unionist tenant farmers or ulster.
Much opposition shown to the DILL ana d
resolution was passed maintaining the rights OF
tenants who do not agree to purchase, TO nave
fair rents fixed and favoring the abolition OF 4
perpetual rent charge. 1t is probable that TO-
days Nationalist Convention will adopt SINH
conditional acceptance.
The movement to make England less de-
pendent on the United States for her cotton
supply is assuming very extensive dimensions
An article which appears in the hrst issue OF
1.-THE West African Mail,'' the official organ OF
the British Cotton Growing Association, sets out
to prove that the success of the movement 1or
promoting cotton production within the brlIlSh
Empire means for England safety for her most
important industries and self-protection against
a peril which might become a national disaster;
for Lancashire cessation from dependence on
America and increase of prosperity from IN
creased supplies of raw material; for West Az
rica the creation of a new industry. increase In
purchasing power and the consequent advance
and development of its colonies.
Morning Post" dispatch from Shanghai
states that the treaty negotiations between the
United States and China have reached dead
lock- this position being created by Chinas re-
fusaI to abolish all international custom houses.
in accordance with the American demands.
China admits, incidentally, that the number OF
such custom houses which remain open is over
a thousand.
Sir Edgar Vincent, one of the ablest financial
authorities in England. has written striking
letter to THE Times" pointing out the loss In
British credit as evidenced by the fall In con-
soils In five years consols have fallen Il per
cent whereas the largest fall in any foreign gov
ernnent security is less than per cent IN
1899 the British Government could raise money
at 2s4 per cent, but if war were to break out
now it would have to pay considerably over .
ner cent for any large amount There has been
M similar change in the financial ability or
France Germany or Russia; therefore, COM
nared with those countries, England is financial
- H. -,-os 7 N r