Waterbury evening Democrat., 1906-01-11
PRIZES FOR HER HEROES
Japan to Divide $75, ,ooo,ooo Be.
 tween Army and Navy.
REWARDS ACCORDING TO RANK
Widows and Orphans of Soldiers and Seamen Are Also to Be Recognised. No Grant Will He Less Than $1OO. Admiral Togo Will Receive One of the Largest Single Grants.

Admiral Togo Will Receive One 0f
 the Largest Single Grants.
 Admiral Togo, Marquis Oyama, Gen eral Kuroki and other Japanese off. cers and the men of the rank and file are to divide an immense sum in rec. ognition of their work says the New York Tribune. In addition to this the widows and orphans of the soldiers and seamen are to be recognized.
 This announcement was recently made by korekio Takahashi, vice gov. ernor of the Bank of Japan and special finance commissioner of the Japanese government, in outlining the Japanese financial programme. Mir. Takahashi, who negotiated the external loans con- cluded by Japan ill the recent war. said that this programme, which was decided upon by the Japanese cabinet which has just resigned, was not likely to undergo any change under the new ministry.
 It is planned to issue new series of bonds amounting to $215OO0.OO0, to be loated entirely at home. Of this amount $75,O00,000 is to be distributed in grants in recognition of services in connection with the war About half the amount will go to the widows and orphans of soldiers and sailors.
 The bonds will be issued in various denominations down to p yen (Sl2.5O), but no grant is to be given of less than 200 yen (SlO0J. These will go to wid- ows and orphans of the lower classes. The grants will vary in size according to the rank of the recipients and the character of the service rendered.
 Mr. Takahashi himself will be one of those to benefit by bis country's gen erosity, for his services in finance are recognized to have been of the highest order. Admiral Togo will receive one of the largest single grants, and with him will stand several of his subordi- mates. notably Admiral Kamimura and Admiral Uriu. There also will be lib- .eral allowances for the survivors of the 1S0 men who made the four des- perate attempts to block the entrance to the harbor of Port Arthur. Only thirty-siX of these men escaped with their lives. Field Marshal Marquis Oyama heads the list of the land forces. and with him stand Nogi, the hero of Port Arthur; Kuroki and Ko- dana, who went in a major and came out major general.
 MT. Takahashi said:
 "The normal expenditures, not con nected with the war, are estimated at S115.000,000 and are to be met by the normal revenues in existence.
 "The expenditures resulting from the war, such as the service of the war debts, annuities. pensions, maintenance { of inc; gaTifeots. in Manchuria and 'Kp. req, etc. are estimated at S400,000, 900 and are to be met by the revenues from the war taxes and by other resources, which consist of the proceeds of the loans already issued. the sale of the booty and other disused articles and a new loan.
 The new issue is to be made entirely at home. and its requisite amount is estimated at s2l5.000O00 Of this to- tai S100.O00.O00 will be raised in the market. which is not likely to feel a pressure on this account because, in the course of the year. the government is to redeem exchequer bonds for the benefit of the market. Of the remain der of the new issue. sT5,000.O00 Is to be delivered in bonds as grants in recognition of the services connected with the war. Finally Si0,0OO,0OO, which needs only to be issued gradual ly. is to be taken up by the govern ment's savings deposit bureau. The re- imbursement by Russia of the expenses for the maintenance of the prisoners is not included in the present financial scheme. because the amount is not yet ascertained. The new issue will de- crease by the amount of the payment receivable from Russia.
 For the payment of principal and interest of the loan already issued and 10 be issued hereafter in connection with the war the government is to set apart s55.Oc0.OO0 from the revenues each year and the whole national debts incurred in consequence of the war are to be repaid in about thirty years. Be sides this. s1s,0oO.OO0 is to be set apart each year to pay the principal and in- terest of the loans created before the war.
 "To insure their proper handling special account is to be set up for these funds, differeniiating them from the general account of the government The national debts consolidation bu- reaa and the national debts consolida- ton committee have been specially in- stitutei for the purpose.
 The sole o0jcct of the 1 per cent sterling loan issued last November Is to convert existing loans on the basis of a lower rate of interest: hence it will not increase the total amount of the national lelss-
 LonEworth Gem. For Miss Roosevelt.