The New York herald., 1922-10-29

LLOYD L
1921, and Bonar Law was with US TO
that date Since then by one means or
another there has been the most dras-
a7-, the most ruthless retrenchment
effected. Horne was. with the help OF
the Geddes committee, able to cut
down very considerably. The present
Chancellor of the Excnequer was
Jnember of the Government and. my
recollection is. was a member or the
finance COMMITTEES. i have never re-
called any suggestion he made which
would effect any further reduction.
Then there Is my old friend. my
present friend and. / sincerely trust
my future friend. Bonar Law. | am
fighting no personal battle. should
be ashamed IL l were to invite the ver-
diet Of 2l, 100000 electors upon per-
sonal issue. won't do il. ! waited
for Bonar Laws explanation. am
more puzzled than ever
2 l cannot find that he pretends there
was any difference Of opinion on any
question of policy. He does not ar
iraign our policy or our administra-
tion. He talks about economy. Yes;
but no man at the Exchequer has ever
worked harder for economy or
achieved more economy than the late
chancellor of the Exchequer, Horne.
iGIe worked hard he worked con-
ttinuously and he worked successfully.
It was to effect still more economy.
and any business man knows you
must go slow in efecting economy.
Z IT is not a question Of putting knife
through the ledger. 1t has to be done
gradually and carefully. When you
commence cutting O corn you must De
careful not to cut into the blood. 1t
Is gradual business, and II was being
done l don't know of any one who
is left us who has rendered very con-
spicuous assistance.
| cannot recall a single case which
would evoke any sentiment of graft
tude in the minds Of the Chancellor
3of the EXchequer. and myself. Ger
stainly in economy there was no quar-
.7el.
Discusses Negative Quality.
, find good many vague phrases
about negative policy. A negative
attitude IS a quiet life. We all like
that--some better than others. l
was fated never to enjoy it. But I'm
looking out for concrete proposals
that Justify the SCATTERING of that
great combination-the divided Com
servative party. What Is there? Two
concrete proposals. The Cabinet sec
retaxiat is to be taken from White
hall TO The Treasury chambers. There
Is to be no Pensions Minister.
shall have something TO say upon
this great achievement in the face OF
many dangers.
six great sons of Conservative
Ministers are to be driven out. What
for? In order to put Sir Maurice
Hankey in the pantechnicon van and
transfer him from one side OF the
street TO the other-and in order to
decapitate che pensions department.
and send it running headless around
the Treasury yard.
Describes Custer Meeting.
Extraordinary things are done by
people who don't know where they
are. There was a meeting of share
majority of whom were
preference shareholders. 1t was held
In West End Club. and without con-
sulting the rest they decided to wind
up the concern and take 1t over them
selves. Why? Well, they said they
wanted to make great changes in man
agement. The ablest and most expert
enced old servants were to be dis
missed and there we're to be promo
tions in the out-kitchen. And then.
there was the managing director.
They said some nice things about
him. They said he was an excellent
60 ha nt1t nf
difficulties but no good In quiet times.
He wasralway$ wanting TO move and
.hey wanted to lie down. They wanted
20 adopt a negative attitude--wanted
some one else to push and go. To
use the golfers phrase. they saw he
was very good with the niblick--ex-
cellent at getting the ball out OF the
iough-but on the green he was too
energetic. They wanted somebody
with n feebler stroke. That Is not for
me to say. It's not for me to say If
they got it.
Are We Out of the Ioughf
But are we really out of the rough?
That's the question l want to ask. Go
TO the Glasgow shlpyards for the an
swer. Look at the numbers of unem-
pioyed, then read the Labor manifesto
and then ask the question Are we out
OF the rough? 1t was a manifesto is
sued TO a people trussed with taxa
ton and sore with the wounds of the
great war, exhausted and worried with
anxieties about their daily bread.
We are not out of danger. 1t is
formidable challenge and IL will ap-
peal TO millions. The die hards aren't
the only people who are calling for
change. They are not the only people
in democratic country who have the
right to call for a change There are
millions calling for another kind OF
change. This isn't the time for mod
crate men Of the right mind TO fall out
among themselves. With menace to
The left. menace TO the right and mem
ace in front: when we are surrounded
By menaces on all sides and seeking a
way TO extricate ourselves from the
pitfalls with which we are surrounded
this Is no time to quarrel among
ourselves
waits to Hear From Bonar Law.
I have waited for an explanation
from Bonar Law. The explanation he
has given lis that the trouble IL not
national one. He said IL was better
to split the nation than 20 split the
party. That's a bad reason for any
Government to give to come to the
country. The world is In such trouble
and In such a condition that you can
not afford TO indulge In party bicker-
ings and squabbles until the nation is
on firm rock. / deeply deplore the
decision, and all my friends likewise.
All we can do is to do our best to avert
the worst evils OF bad blunder, and
that is what we propose TO do.
IL a partisan victory were snatched
out of this election that tu not ,ba