The Globe-republican. [volume] (Dodge City, Kan.) 1889-1910, 1905-04-27
Approaching Naval Contest The Key
to Final Victory.
The INTEREST is DEEPENING,
Momentous War Conference Held at
Tokio--Japanese Fleet Is Ready to
Go After Its Game-old Men in
Council.

lie is now only beginning to realize
how much depends on Togo's Skill
full conduct of the approaching naval
contest. Until Vice-Admiral Rojest.
vensky actually arrived in the straits
Of Malacca there was disposition to
ridicule the efforts Of the Russian
squadron; but now that there Is seen
to be a growing likelihood Of Vice-Ad-
miral Nebogatoff joining Rojestven.
sky before the fatal struggle opens,
interest is deepening.
According to the Toxic cores.
According to the Toxic cores
pendent of news agency. a momen-
tous war conference was held lasting
five hours there on Wednesday, at
tended by the elder statesmen, and
premiers.
1t is not difficult to conjecture
the nature of the councils delibera
lions.
Toxic correspondents state that the
Japanese has addressed protocol to
France on the Russian Pacific squad
ron's presence in Kamranh Bay, but
France has not yet replied
The Times correspondent at Toxic
declares that a Japanese fleet is ready
to sail for Kamranh Bay.
The Telegraphs Hong Kong CORES.
pondent states that two steamers
which passed close to Kamranh Bay
on Sunday report that no Russian
vessels were then visible. No news,
however, has yet reached London to
show that the Russians have left
Kamranh Bay. and it is assumed that
they are still there.
The Post. commenting on the situa'
ton, contends that 1t is matter OF
urgent Importance, especially consid.
ering Great Britain's worldwide naval
interests. to endeavor to secure
more definite international agreement
on the question of neutral waters by
belligerents.
Washington. 1t is learned here
that the Japanese government is about
to raise another domestic loan OF
100000 and the fact that this fol-
lows so quickly on the fourth domes-
tic loan and the issue of $150,OOO, 900
foreign loan in London and New York
has led to an explanation from official
sources designated to correct any mis-
apprehension. This is to the effect
that the expenditures, estimated at
$500 ,000, 900 and the new loan has also
been arranged for by the agreement
with the bankers made last March
to supply $1OO,OOO,OOO. 1t is further
explained that in preparing its finan-
cial scheme, the Japanese government
has purposely divided the loans with
special reference to the periods OF
subscription and the monthly war ex-
penses. Attention is called to the
fact that the foreign loan is intended
TO maintain the specie reserves for
trade purposes, and only the domes-
tic loan is to meet the war expenses.
AS the major portion of these are
paid in Japan the expension of the
convertible notes and consequent rise
in prices is prevented. These domes'
tic loans are provided for during the
fiscal year by an appropriation of
SIS, 100000 to be derived from war
taxes, and it is said that the result of
the increased taxation has so far been
perfectly satisfactory.
Washington-Re Admiral Train,
commander of the Asiatic station, has
reported to the navy department by
cable that the Paragua is at Holo, the
Mindoro at Pollok, Mindanao Island,
and the Wisconsin at Olongapo on
Subig Bay, Island Of Luzon. He also
reports that the Quiros is cruising in
Lingayen Grid and that the torpedo
boats Dale and Decatur are cruising
off the Island Of Palawan.
Reference to the may of the ,archi-
pelago shows that this disposition af-
fords excellent opportunities for OBJ
serving the movements of the hostile
fleets should they approach or enter
Philippine waters.
While the vessels with the excep-
ton of the Wisconsin are but small
gunboats which could do no more
than make observances they, all carry
the flag which II Is believed would be
sufficient for the purpose Of enforc-
ing neutrality in the waters con-
tinuous to the American possessions.