The daily morning journal and courier., 1905-03-25
ANOTHER INDICATION
 THAT PEACE IS LIKELY
NEGOTIATIONS RENEWED IN
 FRANCE FOR RUSSIAN LOAN
French Financial Men Recently DecIin- cd to Go on With Them Unless some Hope of Peace Was in sight-Their Action in Resuming Them Taken to Mean that Prospects of Peace Have Assumed a More Definite Aspect.
stunned a More Definite Aspect.


 Paris, March 24.-The prospects of peace between Russia and Japan as- tangible aspect to-day as the result of the announcement of the resumption ot negotiations for Russian loan. The tpostponement of the loan occurred through the stand taken by the finan- cial element against proceeding the un- certainties of war continued, while a willingness to resume negotiations was construed as meaning that their strong influence finally his prevailed with the authorities at St. Petersburg.
 The announcement of the resumption of negotiations took definite form in a communication to the syndicate of agents de change, who form an infiuen- tial clement on the bourse, holding gov ernment credentials.
 The effect of the first announcement was to stimulate the market and par |ticularly Russian securities. A reac- ton occurred on fears as to the effect the heavy demands of the loan would have on the market and doubts con cerning the uses to which the loan will be put. However, it seems to be the accepted view of financiers that the proceeds of the lean will not be applied to the further continuance of the war
 It is understood that one of the in- ducenients to resumption of the negoti. ations was that a considerable portion of the proceeds shall remain in France to meet the interest coupons of other loans, and that the placing of contracts for government supplies will be requir- ed even after the cessation of hostili- ties.
 Coupled with the announcement of the resumption of the loan negotiation came a strong intimation from official and diplomatic quarters that steps looking toward peace had been definite ly taken by Russia. The foreign office declined to confirm a report that France was likely to be the intermedi- ary, but diplomats who are actively in terested for the first time gave credit to the statement that Russia had decid- ed to seek peace. It was said in these quarters that Russia would deal direct |ly with Tolxio through the French min lister, who has charge of Russia's inter- 'ests there. However, the report of Frances active part in the negotiations were said to be not entirely correct, as other powers have contributed toward pacific solution and it is expected they will take part in it's realization. It appears that some of the lesser powers, including Sweden, are assisting to that end. ss%,5
 Russia's chief pre-occupation is said to be avoidance of having peace plans arouse the animosity of the powerful war element at home.
 The receipt of an official dispatch at St. Petersburg on March 20 saying that the Japanese were approaching Vladi- vostak is said to have induced the de. termination to seek a pacific solution. On the other hand, 1t is insisted that
 Japanese proximity to Vladivostol promises to be chief obstacle in the way of peace, as diplomats conversant with the situation say that Japan will seek to avert peace until she possesses Russia's only outlet to the Pacific ocean. }.