The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-06-13
p FOR SILVER.

-
That there will be a change in the min
iStry soon seems to be generally aScePleu-
Public feeling is intense against premier
Ito and Foreign Minister MatSu. Japan ;
commissioner in the Peace ConferesHce'
because they yielded to European pres
sure and restored Manchuria to China -
Count Ito does not resign 1t IS pelleVeu
that he will be assassinated.
His successor as prime minister may pe
Count Okuma, who once held q hlgn OF
flee in the ministry of foreign AFFAIRS ana
afterwards became minister OF Inance.
Because of his course in regdrd 10 treaty
revision and his liberal advanced IDEAS
about foreign countries, an attempt was
made six years ago, when ne wleIdeu d
His left leg was blown off by the eXplo-
sion of a bomb thrown into his carriage,
but he has manage to replace IL WIN d
cork one. He is fifty-eight years Ole, Dut
looks to be as vigorous as a man of 80
To the World correspondent. Who saw
him at his home today, he said:
There is some disappointment among
the people, but it is best for Japan that
we abandon Manchuria. Russia actlon
has irritated Japan, and a future conntGt
between the two powers is. L rear new
table. But Japan is not prepared Tor mat
In this war with China Japan estab7
iished herself before the world she viii
now make use of a part OF the indemnify
she receives from China in increasing
her navy She must have more naval
vessels, and powerful ones, TO MAINTAIN
her Ii2lLS ana ntI QlSHlbN-
THE present government, SAID ne;
has asserted too much power ana
authority. In its methods of deaIing
with the press, the mouthpiece OF the
people. it has been equal to Russia.
That the people are opposed TO the COM
plete throttling of the press mas Deen
demonstrated by the fact that the lower
house of parliament has I'VE umes, Dy
unanimous vote each time, passed DlllS
to permit freedom of the press, out eacn
time the government has managed 10
have these bills throttled in the house Oh
peers. The people resent the IND scrlmin-
ate suppression of the press for indulging
in comments or in publishing news.
''Jt is a relic of the old Japan, Dut lew
veStigeS OF which reTnain. 1t will not
long continue. The war has been an elu-
Gator of the people and will result IN "a
pan making more rapid strides tnah sne
has made in the past IL mas CAUSED 10
to realize that our policy OF preventing
the entry of foreign capital into Japan Is
a mistake.
our own resources. We have not the CAP
ital to build up and equip the factories
we should have in Japan. Therefore we
must admit foreign capital. We must
ers holding shares in japanese corpCtd-
lions and which prohibit foreigners own
ing property in Japan We must aooPI
your American system, throw our coun-
try open, develop it. build up manufac-
tories of all descriptions control the
trade of the East.
Converted to silver.
1.-The appreciation Of gold in western
countries gives Japan great advantages
After the Paris conference apout tweney.
gold should be made the STANDARD or cur
rency of Japan, and as minister OF mn,
ance 1. established it, but ] soon reallzed
my mistake, and brought about a
change"
best for Japan" 1 remarked.
Yes. decidedly; japan is prosperlng'
Our financial system is in a measure
based Upon that of France silver is Our
standard. The gold we have is a commo-
dity. Our notes are issued by the Nippon
Giuko or Bank of Japan, redeemable in
silver. We also lave notes issued by ma
tional banks, as you have. based upon a
deposit of government bonds,
Japan will not adopt a gold standard
while adopting other things WESTERN" l
queried.
Japan answered the count, with a
mildly indignant expression, has only
adopted those things western best suited
to her own conditions. She has sought
to better herself. Where her sys-
TENS and methods were best she has re-
"Under a silver standard Japan has
pr0spered, and is p~rospering as per-
haps, no other nation in the. world is,
our silver money is as valuable as it ever
was. Its purchasing power IS the same
Abroad our products, owing to the ap-
probation OF gold, sell higher; we are,
the markets of the east cheaper than
those of any g~old-standard country, and
make a large profit In time. with the
present relative value of the money met
ais, Japan should become one of the great
manufacturing nations of the world, and
certainly control the markets of all the
east.'-Tokio Correspondence of N. Y.
World.