The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-03-13

WASHINGTON, D. G., March l2.-Tho
brief cable announcement from Japan
that China has accepted tho terms on
which Japan Is willing to conclude
peace, has renewed keen intcres. III tho
situation In tho far cast. Neither tho
Japanese nor Chinese legations have as
yet any information that tho nogotia.
tons have reached this advanced atugc.
Il Is stated by the officials a. both lega.
tons that Prince Ii Hung Chans, tho
Chinese peace envoy has not lot Tien.
tsin. Ills trip TO Japan is to BIO accom-
panied with great power aud ceremony,
and until hc puts his signature to the
treaty thcre will be no actual conclusion
oipcace and no cessation Of hostilisios.
II 10 believed, however, that tho gencr.
nj understanding on tho terms OF peace,
Is Tor tho purpose OF paving tho way to
Prince LIS trip, In order that 1t may not
result in tho humilatiug failure which
met the oliotta OF tho last Chinese peace
Onvoys. This Is tho view expressed
hero By tho officials and diplomats most
conversans with tho situation.
United States Ministers Dun, ut To.
kio, and Donby, at Pekin, havo been In
constant communication, with view to
bringing tho two bolligercn.s together,
aud 1t Ia not doubted that tho general
understanding OF terms Is through this
mediation. Those terms hayo taken
wido range, although Japan has never
stated officially what ahc expected TO
do. It is known, however, that two Of
the conditions are tho Independence OF
Korea and cash indemnity. The third
condition rofora to territorial extension,
and as TO this there has been great dit.
ference OF opinion even in Japan. The
radical press demand tho permanent
cession to Japan OF all tho territory she
has ovosrun BY hor army and navy.
This would include the great naval sta.
tions OF Port Arthur and Wal Hei Wei
aud the valuable stretch of territory
along the north OF tho Gulf OF PcchiIi.
Tho more moderate element in Japan
limits its territorial demands 10 tho
Island OF Formosa.
Should the radical demands depressed
it is believed the great powers 81 Europe
will want to be heard before tho treaty
is concluded. Russia has growIod mem
aciuyly OF late At the suggestion that
her eastern possessions were about to
he hemncd in by circle oil Japanese
territory. It is understood here that
Japan has earnestly tried to learn Rus.
sia's purposes but without entire sue.
cess. 1t is believed. however, that
Russia Is chiefly concerned in securing
ha:bor in the northeast OF Korea, as
her present harbor at Vladivistok is
closed by ice half OF the year, while u
Korean harbor would give her IN outlet
to the sea the year FOUND. Such an out
letis considered imperative rs part OF
tho great Siberiac railway.
Tho cash indemnity to DO paid Japan
is varously estimated at from one Bill
lion TO five hundred million yen. At
the present rate oil exchange tho silver
yen Is worth about fifty cents aud tho
gold yen about one dollar. Is not yet
determined what coin will DO used in
payment In either case it will make
heavy inroads on the money metals OF
the world. rs the total will DO ten or
twenty times greater than the proceeds
OF the United States bond sales. 1t is
expected that China would have little
trouble in borrowing the money, as tho
great creditor nations OF Europe appear
10 be ready and anxious to advance
funds on oriental securities.