The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-28

Tri-Party Government Puts
10 Per Cent Slash in
Economy Program.
SN0WDEN TO RETIRE
Only Baldwin, Conservative
Chief, Stays in Saddle;
Plans Tariff.
BY WEBB MILLER
United Press stan Correspondent

LONDON, Aug. 28.-Great Britain
reached the turning point of her
modern political history today, with
a vast shift in political leadership
imminent.
All parties united in the effort to
solve the grave financial crisis,
with the understanding that after
it has been settled" a general
election will be held and the coun-
try turned over to new leadership.
The following significant devel-
opmentS occurred during the day:
Philip Snowden, chancellor of the
exchequer, admittedly one of the
outstanding geniuSes of the Labor
party, announced his impending re-
tirement from public life.
j. Ramsay Macdonald, long La
boris leader and three times pre-
mier, definitely was through as the
leader of the entire Labor party.
Whether he would remain to lead a
right" faction, or shift his party.
was predetermined, but he obviously
was considering retirement. When
he reached Lossieouth, Scotland, for
a brief holiday, he said the report
he would not seek reelection was
unreliable" and that he had come
to no such decision"
The parliamentary Labor party
elected Arthur Henderson, Mac
Donald's rival, leader of the party
today in succession to Macdonald.
There were only six dissenting
votes.
John R. Clynes was elected dep
uty leader.
A resolution was adopted declar-
ing the Labor party the Official OPP
position to the national government.
The Liberal party, lately shorn
to a vestige of it's once great
strength, and torn by internal dis
Sension under the leadership of
David Lloyd George, showed signs
of reuniting. Lloyd George, weak
and i'll, was absent from the scene.
and there seemed a prospect that
he, too, would soon be through with
politics.
Of the leaders of the last decade.
only Stanley Baldwin, the Con-
sentative chief, still remained in
the saddle.
The Conservatives met today and
announced their determination to
reverse Britain's free trade policy
and impose a tariff, after deposing
Labor from its rule Of the country
and taking over the reins.
when the economies are carried
out, the budget balanced and par
lament dissolved" Baldwin said,
I'VE will have a straight fight on
tariffs and against the Labor
party"
The temporary national govern
ment made up of the three parties,
it was disclosed, not only will in
clude a 10 per cent reduction Of
the dole in its economy program,
but would consider a drastic cut in
arms experimentation would be
the most concrete step toward
arms limitation achieved a dec
ade of international conferences
and agreements.
The economy committee, which
will submit its report to the cabinet
tonight, will include in its recon-
mendations substantial reductions
in naval ornaments appropria-
tions."
Of today's developments, Snow
denis decision to retire caused the
most general comment, ard
brought genuine regret from al
sides. Crippled, sardonic looking,
but genuinely human, he was uni
versally admired and loved. His
gameneSs, intense loyalty to Britain
and implacable opposition to any
thing he deemed approaching
financial imposition on her by any
country, brought him the respect
Of everybody.