Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1905-06-24

WASHINGTON. y. C., june t9-The
amount 90 the war indemnity which
Japan vii demand Of Russia. as one Of
the conditions OF peace. it Is reliably
stated. vii not be less than the sum
total Of the money borrowed by Japan
from foreign cOuntrios This sum to-
tai IL s1lOOOO.O0O
Tho iu emnity may be larger than
the abO, sum, but Il will not be less.
In addition 10 the foreign loan. Japan
raiFod f1r the late war, without 60
Ing out Ia OF the island Kingdom,
$500 600 90 So the extra money
raised ly Japan to prosecute the war
amount 70 t620.000O0O. Back OF
this wa an invested accumulation
ropreser by ships. asms and NUM-
lions oi tar amounting 10 as much
again.
The actual cost OF the war TO Jap
an canrH be estimated with accu.
ncy. li.r navy Is practically intact
but mil ls iu ammunition have been
eNpendr. The army Ia Manchurla
Is also continuing asset. but the
cost OF maintenance and transpor.
tatlon d.. heeB enormous.
Disro ling Indirect Injury wrought
By the alr. TO commerce, and 20 The
domost.D industry OF Japan, the main
items u' monetary expenditure may
bo summed up as coming within the
figures off the foreign and domestic
loans; aal. measuring the minimum
demand be- made on Russia by these
u is ga '0 say that the Japanese ln.
domnity .mand will not be less than
SG20O0U U
II Is Generally believed by well post.
"a diplomats and fnanclors who are
interest. Ia the Russian and Japan.
csc LOAF hat the peace negotiations
will b,au wits a demand by Japan
Of abol 50000O,O00, which may
later b, aaled down 20 the amount OF
the for au loan, namely, $500 900 900
The ability OF Russia TO pay huge
ludemnfg Is seriously questioned.
The nation Is now fairly staggering
under fH. recent additions 10 It's load
OF del, The cars credit Is seri.
ously impaired
Il is f1day almost impossible for
Russia H raise any considerable sum
I OF ready money In the markets OF the
world. Since the war began the do
nestle and foreign commerce of the
natiOn bias fallen on more than S25.
900 600 each, and the rates OF discount
have Luuo up so that little more
I han lI The sum authorized In The
/ latest ..u5 were realized After the
/ ,all of Port Arthur the minister oi
/ luanc, authorized the issue IN Ger.
| many 900 million rublcs. or Sl2j.
goo .00O ., which only ss0.O00,OOu was
ubscr ..I.
/ The history In brief OF Russia IS
var hurIwlngs. ~ as follows.
Aim. Immediately after the war
Hmta, ."d a loan was negotiated n
. "aris U s00OOO,OQD francs. or SlGO,.
0Oo These were per cent short
u uds, and we're practically all
Ied. Al the same time the
! l. an government issued Of home
Il cent treasury notes 20 the
lHr 10 OF t75,O00.O0O. These treas.
lur 1tes are similar to our interest
b. * bonds
r the fail Of Port Arthur, Rus.
b.. ught a loan IN the German mar
An issue of 250.0OOOO0 rubles
Y# authorized. aud. as stated above,
NH uart of the loan was subscribed.
simultaneously with the German
. hN AAHHAWNN NENMNN az NNANN AN'
Iu' batch OF treasury securities.
b"rug interest M per cent, 90 the
su. u Si25.oo0.O00.
| NHlntlme. the credit currency OF
lth. latioa has been further expcnd-
led the Bank of Russia. which has,
ldurHg the year subsequent 90 March,
1904 swelled its Issue OF circulating
mote. from s3tOO00.0OO 20 sass .0O0.-
OuH ga increase In twelve months Of
81. 200. Before and since then.
thr .ank has issued other notes.
br.Bang the total additional war Is.
SUE zap 20 $3.50 000.O 900.
70 viii thus be seen that this brings
the 'otal OF Rua8ias war borrowing
up 90 the enormous figure OF $500.
0oO 900
As against this debt the Russian