New-York tribune., 1903-03-26

I .a.h and NOT Of stock. but in order to enaole
Il. ca.h ia be rsased neR stock b to be nosIel
- WIFI be called "saarsnteed ~ per cen'
rtock." and VIII be unredeernaole 1or enl1cs Ioe
years Mr. wyndhem doubted IL SoO"''o'''0o
| of the stock would be needed. @h' Us '0Su@4
| At the rate of $25,O00.Q00 yearly for the nrs'
th-.A wears and afterwsrd. possibly, In larger
~v,v,1~ Tn addition to this the government pro-
| noae6 a free grant OF e60,oO0.O 600, to be raised
bv additions 10 the stock. tne interest and SINK
| ing fund Of which will be borne BY the treas
my and the maximum annual charge OK WHICH
win not exceed 81 9500OO. Against this charge
on the British treasury the Irish Government
uropcses forthwith to begin reductions IN the
cost Of administration amounting to $l,2oo'OOO
per annum forever.
proceAdtnx, Mr. wyndharn dealt with the
points of the bill, which contains a bewilderfng
mass Of figures, showing how advances viii be
made and the terms Of repayment. but IL
seems in the main, TO be on the lines ialo
down by the report of the Dublin Land CONFER
ence OF landlords and tenants and dououe0S
viii be satisfactory to the landlords and ten
ants. In the course Of his speech Mr. "yno-
ham said the landlords OF Ireland were being
ruined financially and that the tenants were
being ruined morally, and the taxpayers o.
England were paying 100000 per annum to the
Land Commission and 100000 TO the irish
police which largely was needed to deal with
ulegalities arising from the land question
"Is IT remarkable under these circumstances
asked the Irish Secretary, IF the iandioFos anu
tenants come together"
Mr. wyndham did not think any recondite or
yelled reasons need be looked for. Past expert
ence showed the State incurred no risk IN CIV
ing such aid From the taxpayers point OF
view 1t was stated that aid for land purchase
Transaction. BY the
aid of the State eighty thousand tenants had
already bought their holdings. and the State
had not lost a halfpenny. Public opinion sup
ported repayment, and this was high moral
security besides which the security OF the
land itself.
STRANGE SCENES IN IRELAND.
Mr. Wyndham also said that the number OF
anomalies which had to be dealt with rendered
the work most embarrassing, complicated ana
very difficult to present to the House IN an IN
tegible manner. The state Of things in some
parts Of Ireland was such as could scarcelS oe
believed in England. He instanced one village
in which landlord was in the workhouse dur
ing the greater part OF the year. Whlle me Ten,
ants lived under conditions worse than those OF
African Kaf1rs. What the government proposeo
TO do to remedy this Of affairs was, briefly,
while withdraW wing no existing rights. II con-
templated that the purchase OF land IN the
future should proceed by the sale OF estates
under the three Estates Commissioners. The
commissioners empowered to decide What
constitutes an estate which does not neces~
xsrJjy rnssn the entire property owned by the
vender, a considerable portion thereon may
remain in his hands. The commissioners may
refuse to sanction the sale of poor holdings, un-
less there are reasonable facilities for their en-
IarRenent where necessary, and for adequate
access to turf and fuel
Mr.. Wyndham said that In view or the strong
recommendation Of the recent Land Conference
the government had provided that the LANDLORDS
might make their own arrangements with the
IL theV Tailed with the pOilcS Oh Inc
present bill which. instead Of eXpatrating the
landlords. stated in some quarters. would. ne
hoped enable them to remain in the country.
The government thought the period for the re-
payment of loans should be sixty-eiGht and one
half years. There were strenuous provisions
AGAINST subdividing mortgages holdings In
conclusion Mr.. Wyndham said he was sure the
landlords and tenants would continue to act IN
the reasonable spirit which actuated the con-
ference. There were two alternatives before the
country. They could pFolong for another 15o
years the present tragedy In Ireland or they
could now initiate and henceforth prosecute
business transaction occupying some nfeeen
years, based on the self-esteen, proofty ana
mutual good will Of all concerned.
Mr. wyndham finished speaking at 4:1O p m
REDMoND's REAssURING SPEECH.
John Redmond. the Irish leader. followed Mr.
Wyndham saying everybody would admit that
the tone and temper Of the Secretary's speech
showed he realized the gravity Of the situation
IN Ireland. and that he was anxious to attempt
sincerely to grappIe with 1t. Mr. Redmond dep
recated hasty judgment Of Mr.. Wyndhams pro-
posaIs. either for against them. No one
could question that the proposals were an enor-
nous advance upon those Of last year. or that
they really aimed at settlement of the ques-
ton. He. however. took exception TO the com
nnissionerS especially MI Wrench II the Irish
concluded that the bill offered reasona Bile hope
of a settlement it would be accepted by them,
Sir Henry Campbell -Bannerman. the Liberal
leader said he would not pass summary 1udg-
ment on the great measure presented with so
much power and which raised such great
issues" but he would ask for information on
certain points. which he enumerated.
Mr. HeaIy Qrish Nationalisb gave the meas
ure cordial reception. He suggested altera-
tions in the direction Of the provision for the
distribution OF the free grant.
Mr. wyndham replied. He said S60. 100000
formed the limit. The government would go no
further The Secretary asked that no hasty
Judgment be passed in the House of Commons.
The bill was then formally introduced and
passed its first reading. The second reading
was set for April p.
TWO VIEWS OF THE BILL.