, 1909-11-27

olAA LIZA OOAAAO "
of the Standard Oil Trust as a consplraoy
in restraint of trade. The Trusts stock fell
forty points, but has partially recovered.
London. Nov. 25th-Iu the House Of
Lords last evening Lord Rosebery, who spoke
from the cross or neutral benches, said shat
the situation was the gragast since 1882, The
Budget.be declared, Wolld poison the sources
of British national supremacy, yet the strength
and security Of the Lords under the constltu-
ton we're oven more vltaily important The
Budget seemed crude ana vIndicti7o, and
never was such q mas Of raw material dump
ed Upon the county lt had already done ~
calculable mischief and ike q mlasma hli
weakened cop6lerce and credit at u time
when Europe was hurIying headlong 70 bank
ruptcy through insane competition IN arma-
ments. H3.w0uld rejoice Ii any means .0r
the separation of tbs differences hetw e9n
the two Houses coul0 be found and he would
then support The amendment, but there was
no Referendum IL going to a general election,
which was not conducted in q palace of truth,
aud h9 was apprehensive regarding the re-
suit Of an appeal to the country regarding
the Lords mingled with other issues. Tie
Lords were not choosing the best battlefield
and were playing for too heavy 4 staEo.A bet
ter policy would be to pass the Budget and
give the country a short and bitter expert
enco, which would result in a surprise in the
next election. The opposition should select
$50 peers specially qualified and allow them
to vote upon the Budget; such u vote
would carry greater weight than any
numerical majority. he made no mention
OF the meIaces beyond saying the Lords had
thriven on men8ces from time imnernorial,
but that the menaces now came from revol-
~ut.onists resolved upon a single Chamber
The maxim no taxation without representa-
tion, had been burned INTO the nations
memory by the hitternost experience;
yet the Budget taxed the Lords without
their having a single word to say or vote.
He closed bis peech by regrettlug that rs
was unable TO support the amendment.
Lord Rosebery spoke eIoquently for fifty
minutes, and revived the waning interest Of
the Fl 'ase; upon tho conclusion of his
speech, there was an instant exodus to the
Hobbies to discuss his points, but nevertho-
less, the debate continued. TIE Archbishop
Of Cante bury spoke lIuorousiy, and yirtu.
ally ann ,unced that the state Of politics
was too hot for the prelates. Lord Mil
Der re-o4forced Lord Roye'stoke's power
full and p. actical criticism Of the new taxes,
which he considered bad and unnecessary,
h. believed that all the money necessary
could be raised frotn import duties, not only
Without injury, bat with positive benefit.
Lord Umzon will continue the dobate
this evening. Since there is no closure in
the House Of Lords, the debate is to be
prolonged unexpectedly, and therefore the
Commons viii adjourn first, wien Mr..
Asquith will make m important statement.
a prolonged council Of the Cabinet bus re-
solved to summon q meeting Of the Liberal
purity,
The state OF politics renders the expected
reduction IN the Bank OF E!nglaDd's rate Of
discount doubtful.
TodNy'e press editorials euggost that Lor3
Rosebery' speech VIII have email p~ractical
effect. He is dubbed the HamIot of British
politics and his inirmity Of purpose IS
thought to be demonstrated anew. His
proposal regarding the vote of $50 Peers is
almost Tidiculed. There is n movement for
"a great popular demonstration during the
lime whaR theLords are rejecting the.budeet,
but runours are more numerous tran wiDIa
in the cave of Aeolus. Some expect tu3
government will resign, while others expact
an attempt to collect taxes under a resoiu-
tion oy the House of Commons, relying upon
the Dessao nf q Rill of indempitv afta, tha