The North American Review, Vol. 151 (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from The North American Review, Vol. 151

In regard to the first of these objections (that based upon the inadequacy of the measure), I have to observe that Mr. Parnell has overstated his case. If we take into account the advances authorized under the existing land-purchase acts, the total amount to be expended in the first instance on land-purchase in Ireland will not be thirty-three millions, as Mr. Parnell appears to suppose, but over forty millions. Moreover, this forty millions does not, as Mr. Parnell would have his readers believe, repro sent the whole amount to be expended under the government bill. On the contrary, as the loans are repaid by the first set of purchasing tenants, they can be reissued for the purpose of facili tating sales to a new set of tenants, so that, in reality, the govern ment bill not only provides an enormous fund immediately avail able for the creation of a peasant proprietary, but it supplies, in addition, a constant revenue applicable to the same purpose.

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