The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-25

London, March 25.--Mr. Wyndham fin..I
isl1ed speaking at 4:1o p. m: Later the
Irish land bill passed its first reading.
London, March 25.-The Irish secretary.
Mr.. Wyndhanl, introduced :. the govern
ment's long anticipated Irish land bill in
the house of commons to-day. 1t proposes
free grant of $60,00O,000 for the pur-
poses of the bill. " -.= -,av t<5tss.l
SET The keen interest felt in this new legis-
lation which, it is hoped, will promote
peace and ;contentment in Ireland, was
evidenced by the crowded house. x. IL
The peers gallery and the distinguished
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 fifty seventh
birthday by re-entering the house for the
first time since he ceased to be mem
Der, in order to hear the chief secretary
for Ireland unfold his plans. q. -.
Tenants Interest on Loans.
The bill provides that tenants shall pay
81 per cent interest on loans from the
government, that untenanted, farms and
grazing lands will be sold to neighboring
tenants and that three commissioners will
supervise the sales.
Some Large Figures Involved.
The advances to tenants are limited to
$250 in the congested districts and $4,000
elsewhere. The bill will become effective
November I. .....z s - .,-.~. p, r., p.
Mr.. swyndham said. $3.50, 900, 900 could
safely be advanced on Irish land, but he
thought the scheme would not involve
$500, 100000. .,,~ss =. -. Ill.,
49,. Mr.. Wyndham's Speech =
Mr.. Wyndham, who was heartily
cheered when he arose to speak, an
nounced at the outset that the govern
ment thought cash aid was necessary for
but it attached greater Importance to the
| credit operation than to- the cash opera
ton; He then unfolded the scheme which
| provides for advances of money for the
purchase Of land by the tenants. The
advances will be In the shape Of cash and
not Of st oek Is bat lin order to erahle the
cash to be raised anew stock is to be
| f1oated. $3.50 :, - s<.,..,-:7 Z s>.te.-..t5
| Ittwilf be called guaranteed ~ per cent
Stock and will be unredeemable for
thirty years. w.. ,..-.s.s. ~. -
Mr.. Wyndham doubted If $500, ooo, 900 CT
the stock would be needed. It will be is
sued at the rate Of $26; 200, 900 yearly for
the first three years and afterwards pos
sibly in larger sums. In addition to this
the government proposed a free grant Of
$50, 600, 600 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 s1,s5o,ooo. ..."...: :.... :
Against this charge on the British
treasury the Irish government proposes
forthwith to commence reductions in the
| cost of administration, amounting tic
s1,250,000 per annum forever ~. -.
1t Is Cheaper Than Fighting. .-~
Mr.. Wyndham dealt with the points ot
the bill, which contains bewilderins
mass Of figures showing how advances
| would. be made and the terms Of repay.
ment, but it seems in the main to be or
the lines laid down by the land confer.
ence report and will be satisfactory to the
i landlords and tenants. In the
course of his speech which wa.
punctuated by cheers, . Mr., Wynd
ham said the landlords of IRELAND
were being ruined financially and that thu
tenants were being ruined morally ant
the taxpayers of England were payini
800, 900 per annum to the land commits
sion and $7oo0,ooo to the Irish police
which largely was needed to deal will
illegalities, arising from the land ques
ton. -~~,.> .. - ~ - 9 49,. : d ".
lis it remarkable under these circum
Stances. asked the Irish secretary 81
the landlords and tenants. come together?'
Mr.. Wyndham did not think any recon
dite or yelled reasons: need be looked for
Past experience, showed the state INQUIRE,
no risk in giving. such aid: From tn
taxpayers view point twas stated tina
. aid for land purchase was safe com
mercial transaction. BY the. aid of tn
state 10000 tenants had already bough
= their holdings and the state had not los
} a halfpenny. Public opinion supporte'