In January 1893, as a Fabian delegate, Shaw attended the Bradford conference which led to the foundation of the Independent Labour Party.[77] He was sceptical about the new party,[78] and scorned the likelihood that it could switch the allegiance of the working class from sport to politics.[79] He persuaded the conference to adopt resolutions abolishing indirect taxation, and taxing unearned income "to extinction".[80] Back in London, Shaw produced what Margaret Cole, in her Fabian history, terms a "grand philippic" against the minority Liberal administration that had taken power in 1892. To Your Tents, O Israel excoriated the government for ignoring social issues and concentrating solely on Irish Home Rule, a matter Shaw declared of no relevance to socialism.[79][81][n 15] In 1894 the Fabian Society received a substantial bequest from a sympathiser, Henry Hunt Hutchinson—Holroyd mentions £10,000. Webb, who chaired the board of trustees appointed to supervise the legacy, proposed to use most of it to found a school of economics and politics.