The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1895-03-13
PARLEY FOR PEACE
Statement That China Has Ac-
Cepted Japan's Terms
ReneWs Interest.
PROBABLY NOT AUTHENTIC
As the Terms Have Been Only
Partially Stated-Li Hung
Chang's Journey.

WASHINGTON, March 13.-The brief
cable announcement from Japan that
China has accepted the terms on which
Japan is willing to conclude peace, has
renewed keen interest in the situation
in the Far East. Neither the Japanese
nor Chinese legations have as yet any
information that the negotiations have
reached this advanced stage. 1t is
stated by the officials at both legations
that Prince Ii Hung Chang, the Chi
nese peace envoy, has not left Tien
Tsin. His "trip to Japan is to be ac-
companied with
Great POmp and Ceremony.
and until he puts his signature to the
treaty there will be NO actual conclusion
Of peace and no cessation of hostilities.
1t is believed, however, that the general
understanding ON the terms Of peace is
for the purpose Of paving the way for
Prince LIS trip, in order that it may
not result in the humiliating failure
which met the efforts of the last Chi
ness peace ENJOYS. This is the view
expressed here by the officials and diplo-
mats most conversant with the situa-
ton. United States Minister Dun at
Toxic and Minister DENLY at Peking
have been in constant communication
with view to bringing the two bellig-
erents together, and it is not doubted
that the general understanding on terms
Is through their mediation. These
terms have taken wide range, although
Japan has never stated officially what
she expected to do 1t is known. how
ever, that two of the conditions are
The Indspsndence Of Korea
and cash indemnity. The third condi-
ton refers to territorial extension, and
to this there has been great difference of
opinion, even in Japan. The radical
press demand the permanent cessation
to Japan Of all the territory she has COW
cred by her army and navy. This would
include the great naval stations Of Port
Arthur and Wei Hal Wei, and the val
liable stretch of territory along the
north Of the Gulf of Pc Che Ii. The
more moderate element in Japan limits
its territorial demands to the island of
Formosa. Should the radical demands
be pressed, it is believed the great pow
ers of Europe would want to be heard
before the treaty is concluded.
Russian Rear Growling.
Russia has growled menacingly OF
late at the suggestion that her eastern
possessions were about to be hemmed in
by circle Of japanese territory. 1t ID
understood here that Japan has earn.
estly tried to learn Russias purposes,
but without entire success 1t is be.
heved, however. that Russia is chiefly
concerned in securing harbor in the
northeast Of Korea, as her present har.
Dor at Vladivostock is covered by ice
half the year, while Korean harbor
would give her an outlet to the sea the
year round. Such an outlet is consid.
cred imperative as part of the great
Siberian railway.
The Cash Indemnity.
The cash indemnity to be paid Japan
is variously estimated at:from 200, ,OOO..
600 to 500, ,OOO, 900 yen. At the present
rate of exchange the silver yen is worth
about SO cents, and the gold yen about
81. 1t is not yet determined what coin
will be issued in payment. In either
case it will make heavy inroads ON the
money metals of the world, as the total
will be 10 or 10 times greater than the
proceeds of the United States bond
sales. It is expected that China would
have little trouble in borrowing the
money. as the great creditor nations oi
Europe appear to be ready and anxious