Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1905-05-31
END OF THE WAR IS NEAR
Disaster to Russian Fleet Will
Probably Terminate Conflict.
CARS LAST TRUMP.
Emperor Nicholas Advised to Make the
Best Terms Possible With
the Japanese.

Washington, D. c., May 29.-At the
close Of official day the news of Japan S
naval victory had turned the thoughts of
the officials toward peace, and prominent
diplomats are holding their summer plans
in allegiance awaiting developments and
instructions from their governments.
Thus far, it has been impossible to as
certain if any direct steps in the direc-
ton Of peace have yet been taken.
An European ambassador remarked
today that it hardly was expected that
the move could be made for the next
few days. Activity along this line, how
ever, is looked for as soon as the Pres
ident returns from New York
st. Petersburg, May 29.-In diplomatic
circles generally the belief is held that if
Rojestvensky's defeat is as complete as
reported it is sure to be followed by re-
neWed efforts to bring about peace.
Paris, May %, 500 p. m.-The late
dispatches of the Associated Press, show
ing the crushing nature of the Russian
naval defeat, have led to the comment
that Russia has played her last card and
must Drlng the war to close.
TIME FOR PEACE.
The semi-official Temps this afternoon
makes an urgent appeal on the subject,
volclng the sentiment of the allied ma
lions that Russia should abandon a
struggle which has become hopeless and
make the best peace possible.
The paper says Admiral RojeStyensky
was the last hope and his defeat leaves
Japan master of the seas without any
further chance of the Russian navy or
army achieving a victory.
The dispatch Of the Associated Press
from Toxic officially announcing the Jap
anese naval success, unexpectedly pro-
duced a general firmness on the bourse
here owing to the belief that it foreshad-
oWs peace.
AMERICA MAY MEDIATE.
New York, May 29.-Advices received
from London and other leading continent
tai financial centers by the local bankers
were all of the opinion that Japan's de-
cisive victory would hasten peace.
Reports that the government at Wash
ingtOn had signifed its willingness to act
as mediator in the event of peace pro-
posals were current and added to the
hopeful feeling in financial circles that
the end Of the war might be looked for
DID PART OF FLEET ESCAPE?
Berlin, May %, 40 p. m.-Work was
almost suspended in the navy depart
ment this morning when twenty copies
of the Toxic official bulletin of the AS
sociated Press were distributed there.
The officers and bureau chiefs left their
desks to talk over the news with one an
other. Few congratulations were made,
except that part of the Russian feet
engaged in the Straits of Korea seeming
~ got away and possibly will reach
Nladivostok
HAD DIVIDED HIS FORCES.
All the Russian fleet it is claimed here,
was not engaged in Korean waters. The
fleet it is understood at the navy depart
ment, had divided, a portion sailing east
ward of Japan.
Definite japanese statements are ac-
cepted here as being generally accurate.
Therefore, it is assumed in professional
quarters that the japanese inflicted
greater damage than they themselves
sustained.
HANG ON TO RUSS FUNDS.
Although the tone on the bourse was
already affected favorably by peace
hopes, following the lead of London and
official news of the Associated Press
from Toxic of Togo's victory, caused a
spontaneous though momentary suspen
sion Of trading. Then business became
more active and prices general were high
er. Russian tours fell 40 of a point to
$3.50 and then gained ITO. Russian
funds were held with extreme tenacity,
mostly by investors, who are determined
to hold on to them until they rise, when
the war is over. Russian government
bankers are always watchful in order
to prevent tumble.
JAPAN is SUPREME.
Naval critics in the evening papers ac-
cept without reserve the Associated
Press dispatches from Toxic and build
on them the view that the war has en-
tered upon the last phase in which the
Japanese command of the sea will con-
tinue unthreatened until the end.
GREA TEST FIGHT OF CENTURY.
The battle Of Saturday is called the
greatest fleet action for hundred years
or since Trafalgar, and is classed as
being immensely greater than the Adri-
attic sea fight, in 1866, or the naval bat.
tie Of Santiago, in 1898.
DESTRUCTION OF FLEET.
While the details are too few to en-
able the whole picture to be reconstruct.
ed, enough is evident from the expert
commentators to think it indicates a de-
cisive defeat Of the Russians and the
probability Of the final destruction or
surrender Of the fugitive remnants of
Rojestvensky's fleet.
HELPS STOCK MARKET.
New York, May 29-Stocks had a
buoyant opening today in sympathetic
response to the London market The
Russian naval defeat was interpreted
there as making for early peace. Three
classes Of Japanese government issues
are dealt in on the New York stock ex-
change. Bankers certificates for the AZ
per cent bonds opened AZ higher than
Saturday and then reacted IA on realiz-
ing. Certificates for the skies second
series rose 311s and the first series IS 1st.
Leading international stocks and indus
trials opened / to 2 points higher than
Saturday. The demand proved dull at
these advances and part of the gains
were lost during the first hour.
STORM CONFUSES RUSS FLEET.
Rojestvensky Forced to Combat Ele.