Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1905-08-08
PEACE PROSPECTS.


The arrival o! NJ. Witte and the cir.
~culation OF alleged interviews with
him. In which he was made to predict
failure OF the coming peace negotia.
tons. had temporarily quite a depress-
Ing influence on the market. There
Is no doubt. Of course. that the repre-
sentatives OF both Russia and Japan
will use every means-and especially
the press-before negotiations get
well under way to place themselves
In favorable positions. The cars en-.
voy was unauestionably m~isqno,ed in
some OF the statements attributed 10
him. but his interviews that were
duly authorized show his keen precep-
ton OF the necessity Of "sparring for
position" as the matter may be de-
termined. and using the agency OF
publicity for It's full value. In this
he has had a good example In the ac-
ton Of the MIkado's representatives,
all serving the double purpose OF ap.
pealing to the popular taste In their
respective countries and calculated
aslo, even though the play be fully un.
derstood by both parties, 10 affect the
preliminary conditions at the confer.
ence. Modern diplomatic methods are
full assurance that Russia knows ap-
proximately the terms Japan will
finally accept; but We may confident.
~ expect from both sides periodical
spectacular displays Of Energy intend.
ed for home consumption. These will
probably furnish at New York and the
worlds other financial centers incsn-
tive for fluctuations In security 1uo-
tations. The japanesc and Russian
snvoyS are almost absolutely sure t..
effect . peace settlement before they
terminate their mission here.
The Japanese are not likely to be 80
exacting In their terms as to defeat
making peace. Japan a better az.
ford TO accede to reasonable terms
than Russia can afford to accede to
harsh ones that will humiliate her still
further. japan has achieved glory
enough and Russia has been humiliat.
ed enough.
Aside from high prices and the Dos
sibility Of the money situation becom.
Ing so active as to constitute an ad.
verse factor. the Immediate situation,
both from 4 financial and trade and
an industrial and agricultural stand
point. remains distinctly favorable.
Railroad earnings are fully maintain
Ing their recent records. and bank
clearings, no alone at New York, but
throughout the country. are making
new records monthly. the July totals
showing a gain OF rs per cent over
July a year 3 and Of 6 per rent over
~S aahNTt july tutdi HGIctOiDTG IT,
corded-that OF 1902. Another strik.
Ing feature Is the official report OF
the New York state superintendent Of
banking. showing for the year ending
with June the increase Of
$s5.s3s,0oo In deposits In the savings
banks OF the state. And our foreign
comemree is keeping pace with our In.
ternal trade. As noted in these
advices last week, the fiscal year end.
ing with June made new records both
as 10 imports and exports of mer-
chandise: and such official returns az
have been made for the month Just
ended Indicate an active continuance
Of these favorable conditions. The
United States appraiser at this port,
for instance, gives the appraised value
Of merchandise imported In July at
ISL, 5000. which Is an increase OF
more than $4,000. 900 comparing with
the corresponding month OF n year
ago The growth in import values
which means a corresponding increase