The St. Louis Republic., 1903-03-26
HOPE EXPRESSED THAT IT WILL END TRAGEDY OF CENTURIES

London, March ..-The Irish Secretary
Mr. wyndham, introduced the Govern
ment's long-anticipated Irish land bill II
| the House. of Commons to-day and Il
passed its first reading
1t proposes a free grant of $60.0oo0 900 fol
the purpose Of the bill. 1t is to go Into ef
feet.
The keen interest felt in this new legisla'
tion. which it Is hoped will promote peace
and contentment in Ireland. was evidenced
by the crowded house.
The peers gallery and the distinguished
strangers gallery were filled, and thert
has been no such gathering of members Of
Parliament since the opening Of the ses-
sion.
Michael Davitt, the father Of the Land
League. celebrated his nfty-seventh birth
day by entering the House for the first time
since he ceased to be q member, in order
to hear the Chief Secretary for ireland un-
fold his plans.
Mr.. Wyndham. who was heartily cheered
when he rose to speak, announced at the
outset that the Government thought cash
aid was necessary for the fulnllment of the
proposed scheme. but It attached greater
Importance to the credit operation than to
the cash operation.
ADVANCES IN CASH.
He then unfolded the scheme, which pro-
vides for advances of money for the put-
chase OF land by the tenants. The advances
will be in the shape OF cash and not OF
stock, but in order to enable the cash to be
raised a new stock is to be floated. 1t will
be called guaranteed 2% per cent stock.
and will be unredeemable for thirty years.
Mr.. wyndham doubted If $500. 900 Of the
stock would be needed. 1t would be issued
at the rate of $4,000. 900 yearly for the first
three years, and afterwards, possibly. in
larger sums.
In addition to this the Government pro-
poses free grant Of sS0 0oc 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 $ls5O.OOo.
Against this charge on the British Treas
ury the Irish Government proposes forth
with to commence reductions in the cost Of
administration amounting to 81 go 900 per
annum forever.
Proceeding. Mr.. wyndham dealt with the
points of the bill, which contains q be-
wildering mass Of figures. showing how ad-
vances would be made and the terms of re-
payment, but It seems in the main to be
on the lines laid down by the hd-confer-
enco repor' ehu VIII oe Salsiae.ory 70 '"e
landlords and tenants.
RUIN is AT HAND.
Tn the course of hi. sneech which was
nunctu.t>d With cheer. NJ yyreham
,ata the landlords, of Ire,.nd a,e he,nv
rp,n.a nnanc,aIv and tb.t tho tenant, ore
h.,,,. .,,,,.a ,,n,.,,,- ~, az. -,
E,nvt,na or. navtnr s7oo mn ,.r .nn,,r, 40
the land comn,..ion ana q ON nm 70 ,hs
I-,.,, ,,o1,,. rh,oh ,ar-.,,, q. n..a.a =. -,
,i,h ,,,oso,,ti.. ar,.,ns ,ror, ~. ,.na ,u..-
t,o,
az. q ,.u.,k.h,. r,a.. .,,. .,-,,,,,.
.,.n... ~ a., ~. ,.,.h &C.,, .ae .s.
iand,ord. 80 t.nns,. an,.o .aaa.h..,,.
n,. Wuass... ' a,s ~. eo. ..,o,. ny.
AZ. =. '.nas -...S- - 49,
pae. " ea,sa.. s HsoM. - - .. .ooAeu .s lol;
~ -,.,. -, .,,,,r. ,,o,, "a
rs.a,,, az .ao.., .,,. :.
...tss 49,. "a rsS ~. - =
- .--s.a.s, ....A
-. 80. on ~ .. H oy sne aiu =.
ths,r hn,d,nw. ana re 60. -, ~. ~.
haI, ,,ornx p,h,,. on,n,nr ,,,n,a... ,.na,- .S. :
nent and thts :. b,sh n,ar., .an,,.,.,, -
s,das .-h,ch :. ,h. .so,,r,.,. =, e., - a.
.eIr
ANOMALIES MET
Mr. wvndhor, also ..,a .,a+ ~. ,,, =.
sroroal,s, vh,ch h.d e. =. a..,. ..,.,. -
dsrsd ,bs ,rork ,,n.t .r,h.,ra..,,. en,,ni,-
Gated ana very u,menlt TO present to the
,rhe state of things IN Soma nart. =, Ir..
land I. such as could scarcely be heIiey.d IN
England.