The morning call., 1894-12-15

itself. and the Minister Of Finance has
called for second war loan of 10000, 900
yen. The official announcement states
that the bonds will be for 100 each. and
% yen will be the lowest price accepted.
The interest will be per cent. The indi-
cations now are that, no matter what the
response NAV be to this appeal. no further
efforts will be made to raise funds exclu-
siVely at home. The popular voice Is still
clamorous against the acceptance of aid
from abroad, but popular inexperience
will not stand long before the stress of
monetary necessity. Already the leading
hnanciers are endeavoring to bring the
community to a clear understanding of
the measures that may become essential,
and to soften the opposition to what is
commonly regarded as an abandonment of
patriotic principle. The Government Is
certainly looking forward to a foreign
loan, sooner or later. BY few authori-
ties another alternative is suggested,
based upon the precedent of the United
States in the civil war-that of throwing
open the domestic loan to subscribers in
all countries, and endeavoring to make it
sufficiently attractive to avert the neces-
sity of q special loan in Europe or Amer
lea. The advocates OF this expedent argue
that less exertion ard expense would be
required to secure foreign investments in
regular japanese loan than to float q
separate one; and if this could be done
all the conditions which the japanese find
so distasteful might be dispensed with.
There are still other financial theorists
who believe that the speedy termination
of the war will bring pledges of an indem-
nifty from China sufficient 10 ward off
every risk of emb arrassment to the ma
tional treasury or of Inconvenience 10
trade.
The Sydney" affair has entirely blown
over. In their satisfaction at finding cir
way free from difficulty the Japanese in
dulged in a display of liberality which
they might better have omitted. Their
passion for free-handed extravaganza some
times carries them too far, aud in this in
stance they will only be laughed at for
making presents to the Adventures who
came here On an aVowed errand of destruc-
ton and for supplying them with the
funds necessary to convey them home to
America. Sharp-eyed critics might find
In this act of amiable weakness an ac-
Acknowledgement of error. but Japan has
NO sharp-eyed critics at present, and moth
ing Is seen but the brillianey of her sue.
cesses and her meritorious conduct of the
war.
Mr.. Kato Komei, one of Japan's abest
diplomatists and the present director Of
the political bureau at the Foreign Office.
has been appointed Minister to Great Bril-
tain. Viscount Aoki, who has hitherto
held the two posts of London and Berlin.
will hereafter confine himself to the duties
of the latter capital. The change is by his
desire. his family relations making Ger
many the more agreeable place OF resi-.
dence.
The Mtsui family. one of the oldest
mercantile houses in Japan, has con-
trlbuted 10000 yen to the Red Gross Soci-
ETY.. and 10 addition has fitted up its great
machine works at Mali for the special re-
Quirements of the War, and presented the
entire establishment to the Government.
This example of munifcence IL rivaled, if
not surpassed, by the Marquis Mayeda,
who, under the feudal system, was the
richest nobleman in the empire. but who
COW ranks much lower In the scale of
wealth. He has given 100000 yen to be
divided between the army and navy funds,
5000 yen to the families of men enlisted
from the three provinces which he once
ruled, and 5000 yards of flannel TO be made
into underclothlDg for soldiers and sailors.
Furthermore. he promises. when his Claus
men die in battle, TO pay 90 yen to the FAM
lily of each officer, 20 yen to the family OF
each petty officer, aud yen TO the family