Bisbee daily review., 1906-12-21
COVE R N N ENI,
 HAS GIVEN ANSWER
No Reasons For Talk of War Between Japan and America Is Belief of Mikado, Who Is In London.

LONDON, ENG. Dec. 2o--With customary cieverness the mikados soycrnmeas has given an answer full of intimations to the clamor of the continental press that war between Japan and the United states Is ines- itabie- In this reply there is nor the slightest mention of the United States nor of any fear or belies that Japan is ready for a new clash of arms. 1t is a suave statement; regarding the coantry's financial condition. and tkcse who can read between the lines see in 1t . polite defiauce of an hints ur warnings that Japan had better re cede from its present stand and take the chances of Industrial and financial disaster.
 The statement referred to has been issued semio6icsaily by the Japanese embassy here and it is considered the forerunrer of Sa official declara- tioa to come. n sta-es that the coin- metciai and industrial world Will no dc1bt be afforded extreme satisfac tica by the inforf..a-:on that the gloomy forecasts not long since were snnulged fn. here and there. concern ing the future of Japanese. finance turn out to have been based on roth ing more substantial than mere :ie1r sev. On June s5 last 1t was in Be lin that the Japanes3 government wa. then anticipating large surplus in the budget of the present year, and that though the bucget for the ensu- ing. fnHnciai year had no, then been prepared the government was abso luiesy confident that by utilizing tuis surpfus 1t woui0 he able 10 meet the expenditures of the coming year with ous floating any public loan. Many nsschlevous reports were at that time ara since put into circn.af.on 70 the effect that fresh loan would be in eTitabIe. but on Jufy II the financia poiscy of the Tokio cabinet was fully ex;,lained and fresh denial given to the story that y1pan would be cor psilea to resors a fresh loan at .'l erd of the current fiscal year.
 ir. will be in, resting to many to discover that Japan has i$52. 2.oo0, 900 sterling on deposit in London, but as matter of fact Japan always has 8 considerable sum G. money in the safekeeping of her ally, from the time w;aeH the final ins, allment of the Chi nese indemnity WIS paic oy caeck on tre Bank of England in May, 1898.
 To judge from presen; Indications, tle balance of trade will at the end of next March show in Japan's favor q parallel for which happy circum- stances may be sought in the records for the year 1895 and the decade which ended with fS33- There is 8 Dafance of five and a na:r millions sterssng in Japan's favor on the Be. tlefrent of accounts with Russia fer the maintenance of pr,scaers during the war, and pendip~ fhs ir renatrif- tion Japan is certs-a-y not in need of money at present.
 It is very instructive 70 note. the statement points out. that ;Ie in 7ax of tourists now brings to Japan lap p-eciabie revenue, and that their mum bers are annually increasing. Vol. tunes have been written on iie ad- yautages and disadvanra=cs or travel in Japan, but there is. e course, much room for improvement m regard to
 he character of the accommodation effered and the catering for strang
 rs leaves great deal to be desired But It is believed that genuine effort are ping made, and matters are surt to improve in the near future, with al international exhibition Tn prospect that ought to draw Tokiowards "ai the world and his wife" That excel lect couple will assuredly have ( waln welcome when they reach Ia pan.