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

WhhhlhHfnht ~ - june sHs ~ /
WAT indemnity which Japan will de-
mand OF Russia. and which viii /
amount 10 upwards OF f2GOO00.O0O. ?
will be- used largely 10 promote the
Industrial greatness OF the victorious
nation, SO say leading Japanese
This viii be- a departure from the
precedent of the ChInajapancse war.
Asa result OF that analr China was
forced Go pay the victor 3O00o0,0O0
yen "a yen being about equivalent IN
value 10 the american dollari, which
sum was devoted almost exclusively
20 the expense Of building up the
navy and army with watch Russia has
lust been overwhelmed The Japan
csc public. which had subscribed n
loan of $50 600 600 yen no carry on
tho Chinese war. was disappointed
that the entire indemnity was used
for military expenditures. and iu 1898
ihp business of The country was on
the verge of money panic. owing
fp the ftrlngoncy which THIS course
had produced.
The greater part of the Russian I'M
demnlty. 10 is predicted. viii 20 io The
Japanese people. The need which was
felt ai the close 81 the war with China
Tor stronger navy and q more pow
orful army. does not now exist AZ
that time the Japanese felt that they
were compelled TO submit 10 great IN
I Justice 40 the hands Of Russia. for
mo- Other reason han that they were
I helpless 90 resist So powerful AN al.
ycrsary But the mlkad0 and his ad.
| vlsors determined TO begin 1T once
the work of building up the navy and
the army with a view 10 the time
| when Russia should bo taught equity.
and the Chinese Indemnity served
/ this purpose 10 perfection.
/ But now Japan has a big public
/ debt Before the war u was 1861 $751;
/ li3. To this. add S2G0 600 600. Dor
/ rowcd In London and New York. and
/ me S3G0.OOOOOO subscribed at home
the total accordingly now being $751;
| S57.i43. When compared 90 Russlas
debt OF 5000 600 600. this seems
small. but q swells the interest &C.
count aud will probably be regarded
as too large for permanent main.
,tonance. In the peace negotiations
and discussion the proposition to re-.
duce this debt. and 20 devote the Rus.
sian indemnity 10 this end. will play
an important part.
the fact that China paid to Japan
an indemnity OF $500. 600 O0O will be-
an argument for the payment ~ a
sum 40 least equal 90 this by Russia.
The pressure OF the foreign influences
will be divided Germany and France
will try 10 keep down the Japanese
demands. The bankers Of Berlin and
Paris will De called upon to finance
tho loan which Russia will have 10
pay whatever indemnity Is agreed 20.
and their interests all lic In the ~.
rrction OF making the Russian terms
as easy as may he On the other
hand England will back Japan In
making the demands large enough To
refund q large part Of the war loan,
aud particularly that part which the
English bankers have subscribed
Questions OF territory 10 81 felt
In Washington. viii almost settle
themselves Korea becomes Japan
ese territory. So 20 an lntonts and
purpo1es doe the province OF Man.
lchuria NOminally a part OF China.
lthls country has been Russian ever
since the close OF the Chira-Iapanese
war. Russia has railroad interests
there. but these will have 10 be sub,
ordinatod To- the Japanese DONNA
ton. and the country opened up "a
Japanese settlement ana exploitation
NladlvOstok will become the southern
terminal OF the Russian seacoast and
the Amur river will be the Russian
boundary on the south In place OF
Russian domination In Chinese analrs
Japan viii be substituted.
II Is idle 10 imagine. however, that
a considerable part OF the Russian In
domnity will not be used To reinforce
Japan's position as a now world
power. The navy, which now ranks
about fourth among the nations OF
the world, will be maintained aud
steadily increased. and the army will
be put on a strong permanent basis
While Japan no longer has anything
10 fear from Russia. there may be
complications with Germany Oi
France. the allies OF Russia, and IN
plans for the future % viii be the
! armies and navios OF these nations
which Japan will have TO consider
This question OF the use 70 which
an enormous war indemnify might De
put by Japan, Is likely TO play an i'm
portant part In The hehind.thesconci