Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1903-03-27
go, 100000 FOR IRELAND.
Land Bill Introduced In Parliament by
the Irish Secretary.

the Irish Secretary.
London, March 28.-The Irish sec
rotary, Mr.. Wyndham, introduced the
governments long-anticipated land
bill In the house of commons yester.
day. 1t proposes free grant Of $780,
5000 for the purposes OF the bill.
The keen interest felt in this new
legislation, which, 1t is hoped, will
promote peace and contentment in
Ireland, was evidenced by the crowded
house. Tsse
The peers gallery and the distin.
guished strangers gallery were filled
and there has not been such a gather
ing Of members of parliament since
the opening Of the session.
Michael Davitt, the father Of the
Land League, celebrated his 18th
birthday by re-entering the house for
the first time since he ceased to be a
member, in order to hear the chief
secretary for Ireland unfold his plans.
Mr.. Wyndham, who was heartily
cheered when he rose to speak, an
nounced at Inc outset that the gov
eminent thought cash aid was neces.
sary for the fulfillment of the propos-
ed scheme, but 1t attached greater inn
portance to the credit operation
than to the cash operation.
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 stock, but in order
to enable the cash to be raised new
stock is to be foated.
The Irish land bill also provides
that tenants shall pay q per cent on
loans from the government; that
tenanted farms and grazing farms
will be sold to neighboring tenants.
and that three commissioners will
supervise the sales.
The advance to tenants, through
the provisions OF the land bill, are linz
tied to $4,000 in the congested dis
tricts and $4,000 elsewhere. The bill
will become effective November !.
Mr.. Wyndham said $750,000,tO0 could
safely be advanced on Irish land but
he thought the scheme would not In
volve $5O,0OO,000.
The Irish secretary explained that
while the maximum charge on the
English treasury would not exceed ST.
$4,000 in a single year, the reduction
in the cost of the administration OF
Ireland would amount to $1,250,O00.
1t will be called guaranteed ~
per cent stock" and will be unredeem-
able for thirty years.
Mr.. Wyndham doubted if $500,000.-
900 of the stock would pc needed. 1t
will be issued at the rate of $25,000,-
900 yearly for the first three years and
afterward possibly in larger sums. In
addition to this, the government pro-
posed free grant of $60O00,000, to be
raised by addition to the stock, the in
terest and sinking fund of which will
be borne by the treasury, and the
maximum annual charge of which
will not exceed $1,95O,Q00.
Against this charge on the British
loses forthwith to commence rednc-
tons in the cost Of administration
amounting to s1,25O,0o0a per annun
forever
Proceeding, Mr. Wyndham dealt
with the points of the bill. which con-
tains bewildering mass Of figures
showing how advances would be made
and the terms oi repayment, but it IS
in the main to be- on the lines laid
down by the land conference report
and will be satisfactory to the land
lords and tenants. In the course OF
his speech, which was punctured with
cheers, MIR. Wyndham said the land
lords of Ireland were being ruined
financially and that the tenants were
being ruined morally and the tax
payers of England were paying $100,-
600 per annum to the land commits
sion and 100000 to the Irish police,
which largely was needed to deal
with illegalities arising from the land
question.
"Is it remarkable under those cir.
cumstances." asked the Irish secre-
tary, "if the landlords and tenants
come together"
Mr.. Wyndham did not think any
reconcile or yelled reasons need be
looked for. Past experience showed
the state incurred no risk in giving
such aid. From the taxpayers view
point it was stated that aid for the
land purchase was safe commercial
transaction. BY the aid Of the state
10000 tenants had already bought
their holdings and the state had not
lost half penny. Public opinion sup
ported repayment. and this was high,
moral security. besides which was the
security of the land itself.
wirAnRAwS RESlGNATION