* * The news from the Free State proves that
all Mr, Cosgrave's actions have been tactically sound and even brilliant. Mr. De Valera, in an undesigned tribute to Mr. Cosgrave, complains that he had just booked a • passage to the United States to raise more money for Fianna Fail when the General Election was sprung upon him. At the last General Election, Fianna Fail was -the rich party, now it is worse off than the Government party. Mr. Cosgrave has announced that if he is returned to power he will float a national loan of about £10,000,000 in November. He wisely appeals to the pride of the Irish when he lays it down that the loan must be raised internally. He has "great respect" for American money, but no use for it just now. It might have been• thought that the resignation of one of his Ministers would do Mr. Cosgrave harm, but he has managed to turn to his own advantage the unexpected resignation of Mr. J. J. Walsh, the Minister for Posts and Telegraphs. He has had himself nominated, not only for his old constituency, but also for Mr. Walsh's constituency in Cork City. It is thought that Mr. Walsh may join the Republicans.
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