Word: snowdens
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Chancellor Snowden did not help matters. Said he acidly of the Liberal measure: "We have already got about 70 committees. One more will do no good and no harm! Such little economies as committees may suggest don't count. It is only on policy that large savings can be made. Let the House of Commons face that...
...Were thunderstruck by Chancellor of the Exchequer Philip Snowden (see above...
...This speech [Snowden's] is the most revolutionary ever delivered in Parliament. ... It shows that the Labor Party has accepted the capitalist ideas they were sent to the House of Commons to expose! . . . Our whole front bench [Government party leaders occupy the right front bench] is at the bidding of the financial interests of this country! . . . The speech prepares the House for the sacrifice of unemployed men and women...
...present dole policy, as Mr. Snowden had already made clear, will cost some $275,000,000 if continued through the coming year. Of this, $75,000,000 is the State's regular contribution to the dole fund, and $200,000,000 will be technically "borrowed" by the fund from the Exchequer. Such borrowings already total some...
What businessmen of the City got out of all this was that Mr. Lloyd George was testing the possibility that he could switch over and usurp leadership of the Labor Party; and that Mr. Snowden, with his talk of imposing "the greatest sacrifices on those best able to bear them," meant capitalists no good. Within 24 hours the gross value of leading British Government securities had declined $150,000,000 on Change. And the pound sterling "broke sharply...