BUDGET AND WEALTH.

Dominion, Volume 3, Issue 716, 15 January 1910, Page 13

BUDGET AND WEALTH.

SIB■:%;SPEYEE'IND -ME; BEIXATES/ ~: A. Lo'ndoi: newspaper; publishes' a iCorros"pondence'between;Sir Edgar Speyer and Mr. Bellairs, M:P.-. ; Tiie. latter had'stated 'that;nb, Liberal.;finanoior had supported the .'BudgetVeiceptv./Sir. Edgar,.;"whose' wealth( is.^largely'-'in 'America,'.where"" Bri-. tish; capital is /seeking .refuge.".".:;i,.' 1; .Sir;: Edgar, .accordingly.' wrote::.; "The statement (that("my .wealth. is :'largely.'in America 'is absolutely' false;, and ■■.I-;call. ■ upon you publicly, to'withdraw'., it." .:;,., r- ■ Mr; Bellairs '.replied' by-quoting■.''(Who's Who":,;."YauVare.:described■(as;-.a .'pari> ,rier. in''his'(fiither's three firms—Speyer; Bros./. London;.. Speyer' and ..Co.;: Now Yorkj and: X;i. Speyer-Ellison,(Erankfort-,on-Main'-4-and;::,it; :raentibhV;'.;that;; you 'came"to; London in.1887 to'takß.-the'dSrec'-'•tip'n:';bf'''t_h6'i-Loßddri''. : 'nbTi^. ,, ; ';'vin.; , TOb's; 'Who -in( America!'. Mr. James-Speyor..:is; mentioned as ;trustee.for'sii American ship.company/ five American, banks,, one American; railway; (tho General Chemical. Company,; of: America,.- : one '(.'American steel company,' and'tho' Book Island Co. (The, only English 'business mentioned is the Underground..;Elec'trio;'Kailway. Co.'• '- : .'^lf'.iyou'will (kindly show. mo. that I .am mistaken in the..inference I-.(draw froin theso'•' publications, : that! tho. interests of. the -.firm}'.' and,; therefore/.'its "• wealth,' .are. largely■; American;;.-IwillJ'readily /reconsider- my original .statement;";;':. '■•.;. •(;-. i ;Sir;. Edgar ; Speyer .'replied::'"l.ri'iipeat. that .your -statement, (is,absolutely"',false'.; • The great; bulk.■,of,..whut..l, possess is'-in England ;'and;effected.by,(the Budget ;ao-' cordingly. >,You' have sought (to comment' :on my- support of the. Budget" jh7 a.' manner/which; IVgreatly resent,; as; the; vious''inference. from : "ybur;:6tatement('is( !that;l-' support the' Budget.because I a'm : : not ;■ affected -by ..it.' ■ ;I;; therefore, again; call "upon', you to (withdraw the statement in'.qnestion.":-.'.';-: 1 '/; / ';/:''■:■;,'';";,((,:.;:,-;'

u Mr; 'BeUairs(refused; to .withdraw •i'his: statement,("which; I .'supported'', by'.' evidence.; which' deny! It •would. m quite' pbssiblo( foivany ~ nian to say. that the bulk, of liia, wealth is. in ;England if('he; holds, foreign; securities to •bearer,' which can ,be.>sent:abroad/at any: •moment., ,1; have merely statcd'a. fact .'of •legitinyafe:,publid: interest,"without >mak-: ;ing. any( sort of personal .'attack."/; ;.-\:,:. •!•'; SirJEdgar Speyer.nnaUyvwTote.:. "Tour' methods, of ■.controversy.;are; peculiar.; to yourself!vl;adhere,-tof.every word-of,;my letter,,and';must'leave;;otb'ers to-judge of /yo.iir conduct/V;,;::;; '•<■• i. v.-v''-\,'- .•.V-/:.-;''.-'.- ':.'.-.',