The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-08-14
RUSSIANS ARE
SEEKING A LOAN.
New York Bankers TO Visit the
Peace ENJOYS Now at
Portsmouth.
PROBABLY FOR Indemnity.

Way May Be found to Pay Japan
and Still Save Russian fride.
NIessrs schlY. Strauss and seligman Ex.
pected at the Scene Of the Peace Con-
ference To-day-Envoys Did Not Hold
sunday session--Japs wanted Time to
Consider Wording Of the Agreement
on Corea-Feelins In Portsm outh More
Hopeful Than Ever That There VIII be
Agreement At the Present Conference.
PORTSMOUTH. N. H.. Aug. l3-Never
since the ENJOYS Of Russia and Japan gath
cred at Portsmouth were the prospects Of
peaoe as bright as they are now. This
statement is not a mere con eoture. based
upon the fact that the plenipotentiaries
have reached tho stage Of discussion. in
itself a most hopeful sign, but upon the
knowledge that Russia is engaged, through
her ENJOYS here. In efforts to raise money
which il successful would enable her to pay
an indemnity to Japan.
Jacob n. Schi6 Of the Now York banking
house Of Kuhn, Loeb 4 Co.. and Messrs.
Strauss and Seligman Of the banking house
of Il W. Seligman 4 Co. are expected here
tomorrow for the purpose Of consulting
Mr.. witte and Baron Rosen with respect
to negotiating a loan to the Russian Gov
eminent
In the absence Of an authoritative state
ment on tho subject there Is unofacial evil
denoe that the Russians have been convinced
from the first that they might ultimately be
compelled to remunerate Japan for tho
expenditures to which that nation has been
put to prosecute the war.
This seems a rather bold assertion in the
face Of the repeated declarations that
Russia would never pay penny Of inden-
nifty. But there arc more ways than ono
Of adjusting monetary differences between
warning countries with satisfaction to the
pride Of the payer, and there can be no
doubt that tho ENJOYS who are here will be
able, II there u an honest attempt at agree
ment, to arrange . basis for the payment
by Russia Of part At least Of Japan's war
expenses in exchange for important conces-
sions by the Toxic Government.
The action OF the United States Govern
ment In paying to Spain the sum Of so Co.,
900 to secure bill Of sale for Spanish Gov
eminent works and ordnance materials In
the Philippines set an example which may
prove the foundation for an arnicable ad-
justment Of the differences between Russia
and Japan. although in this case tho prin-
ciple would be reversed and the victor
would return instead OF retain tho territory
or property he had captured and receive
monetary consideration for his abandon
ment Of what he had secured by right Of
conquest.
w1TrE THE MAN TO NEGOTIATE A LOAN.
Reasons Of prudence and good faith
require that certain important facts show
ing that the negotiation Of Russian loan
has been and is contemplated shall not be
disclosed. For the present all that may
properly be disclosed is that the proposed
financial arrangement Ia not the outcome
Of the note presented by the Japanese
ENJOYS to Mr. Witte and Baron Rosen on
Thursday, in which tho terms OF the Toxic
Government we're laid down. Russia had
evidently given consideration to the sub
iect prior to the assembling Of the Ports
mouth conference and had approached
great banking houses in Paris and Antwerp
with view to ascertaining whether loan
of large size would be placed
This knowledge brings up the question
whether the substitution Of Mr.. WiNe for
Mr.. Muravieff a. the chief pIenipotentiary
of Russia was not due to decision on the
part OF the st. Petersburg authorities that
the adjustment Of the war with Japan
was not moro a matter Of money than OF
diplomacy.
Mr.. Muravietf IL a diplomatist and
jurist. NJ. Witte is primarily financ'er'
In the negotiations OF any great loan by
Russia he would naturally be the man
selected to act for his Government In deal
ing with the money lenders Mr.. Muravieh
had been officially selected and his appoint
ment announced, and the choice Of Mr..
Wi,te in his place has never been salts
factorily explained. 1t was all the more
mysterious and strange In view OF the fact
that Mr.. Witte and Mr.. Muravieff belong
to opposite factions in Russia
1t Is a common saying among the Euro
reans here that most Of the members Of
the Cars peaoe mission arc Muravieff
men, while only few arc Witte men. This
does not mean that any member Of the mis-
sion is not in accord with his distinguished
chief, but it merely emphasizes the fact
that in Russia Mr.. Witte and Mr.. Muravieh
are the leaders OF different political In
fluences. Mr.. Witte was opposed TO the
policy which produced tho present war
with japan, and he 10 now. a. be recently
declared. heartily IN favor Of peace Il It
can be arranged with honor 10 Russia.
Thu .,,S,~%tt,,tlrs. tk~n - TIA lAadn1 ~