New-York tribune., 1909-10-24
TO REJECT BUDGET
UNIONISTS GAINING
STRENGTH.
Premier May announce ELec-
tiOHs Before the Passage
of the Bill.
rRy French cab!e to The Trlbune.

Abg EreDch NaD4e 10 Inc IT2bune.
London. Oct. 23.-Practical politicians
are convinced that royal diplomacy has
failed to avert the rejection of the
budget. but assert that it may be more
successful when the necessity arises for
providing the emergency measures pre-
dicted by the Treasury. II is now cur
rently reported that Premier Asquith
was anxious 10 secure a compromise
through changes in the budget itself
and that the opposition leaders We're un-
willing to commit themselves to definite
pledges. The rejection of the finance
bill win produce an anomalous state of
affairs in the Treasury, and special ar
rangements viii be required for tidiRg
over the crisis. The Kings negotiations
may be resumed in the middle of No
vember, with improved chances Of sue
cess.
Candidates on all sides are spending
money freely. That is a sure sign that
elections are near, although the party
managers do not expect them before
Christmas. The Unionists have gained
much confidence during the last week
solute majority for tariff reform over all
parties, and assert that il will grow
with every week OF delay. The Liberals
are losing ground through the Cabinet
dissension and there are increasing
signs of the revolt Of Moderate men
against the budget The Prime Minister
and the Chancellor of the ExchequeI
are not working harmoniously The
breach between them may not involve
David Lloyd Georges resignation on the
eve of an appeal 10 the country. but a
reconstruction Cabinet with r. B. Hal
dane as Chancellor Is not unlikely if the
Liberals carry the general elections.
Winston Churchill is the only successor
VINO can hold the Radical vote if a
change be made in the Treasury before
the elections. What is most likely is a
temporary truce between the factions in
Che Cabinet, on the assumption that the
cords viii reject the budget after all
and help TO unite the Liberal party by
raising a constitutional issue.
The country is showing signs Of alarm
over the investment OF surplus capital
tions, the lack OF employment in Lon
don and provincial towns and the in
crease of pauperism. The facts are eX-
eggerated by the partisan press with
f1ut doubt, yet the condition Of business
Ind trade is unsettled, and viii remain
30 until the financial policy is definitely
ordered and the country expresses its
staal judgment upon ii. The Chancellor.
fF-vised estimate shows a deficit half as
arge as the expected surplus. and this
|. sill be made up by fresh invasion OF
H the sinking fund. He has suddenly be.
some cautious, and is making belateC
Efforts TO eoneiliate the restaurants anC
hotels through licenses.
The Prime Minister. if convinced tha
the Lords viii throw out the budget
as a finality before the third reading 0
the finance bill in the Commons. Thi
expedient viii be contrary TO the usua
practice of concealing the date OF eIec
tiOns until the last moment 1t may b
useful when the Lords are threatenini
TO hold up the budget in order to ALLOW
the people TO pass judgment on it. I
it be known that the elections will d
held whether the budget be accepted O
rejected, the upper chamber can neithe
pose as the champion Of popular right
nor claim the advantage Of forcing a
appeal TO the country on its own term.
l. Y. T.