New-York tribune., 1908-05-24
JAPAN'S CRISIS PAST
SO Baron Sakatdm Sdys-Findnces
Mending, He Declares.

Baron Sakatani, Minister of Finance OF japan
as the guest Of honor at luncheon given yesterday
at the Hotel Astor by committee OF japanese
members OF the Japan Society. made his first formal
public statement regarding the financial and com
rercial situation existing Japan and the attitude
of his country toward Manchurfa- Baron Sakatanl
declared that the financial situation OF Japan was
stable and that there should be no Apprehension
about it. He also took occasion to deny the re-
peated report that he here to negotiate
loan for his government AS to the reports OF
prejudcial treatment of foreign interests In Man
churia by Japan, the baron said that the 1oklo
government maintaining the policy OF the open
door. insisted upon by the late Secretary Hay
Baron Sakatani said in the course or his speech:
For twenty-five years in the service Of
citizen. 1 am not therefore in position TO say
however. gentlemen. to avail myself of this occa-
sion and say something about what have con-
To begin with, I must thank the government
ana o6d & 1f hs m dprnF rne the last fifty
years am sure you are all familiar win win Is ,ns
mine But yon us be proud Of the
part taken by many Of your countrymen since the
japan on to the path Of modern g sigilization @
ment ro pestion do not III hesitate in the least to
convey to you the gratitude of the whole Japanese
turb this warm friendship and 1 am confident that
this traditional relationship will remain IN q the
AS TO the finances of japan, the critical period
& vas in the time OF war Now we nave noinf and
are in the period Of readjustment of the war
finance
The first step taken by the government toward
this end TO establish the means by which we
Of the national ioansHsay. in less than thirty
years. 1t has been fixed BY Law. that our govern
900 yen as sinking fund Al the same time
the n bsd eaoTfed TO a.
measure Strong as was the opposition, the nlil
Foreign critics have often pointed out tnat
after the three great wars in the course OF the
ese government to be borne by the people has
If the people can really stand such heavy pur-
apprehension is entertained by those who take
seriously irresponsible utterances of opposite
no R the rea Ranoa Strength
of the nation. I firmly believe that compared
financial burden is not at all too heavy in pr, pro
ure TO tell you that the financial programme and
the budget for the current year prepared oy me
saifs my ny t6s ie Of peace 04Seo Oh
do not mean to say that foreign capital is is not not
idea that the development of communication and
is the Nh most { P facioF bs o6 sde
my conviction in this respect hrner than ever:
alton of our government is stable sound that
II admits of no apprehension whatever yet the IN
eratUm Of our Industrial eommgnity
there were circulated here in America well as
IN Europe, the runlor that the Japanese althort-
ties are acting in Manchuria somewhat preJudfctal
10 foreign interests there. But, gentlemen, let
assure you that in any part of the Far East l fail
to find any ground of conflict between America and
Japan with reference 70 our respective commercial
interests. The so-called equal opportunity and
open door policy, admirably insisted upon by
gallant diplomat and great statesman the late
John Hay are just exactly what our government in
Toxic stands for.
Jacob H schir IN his toast TO the Emperor Of
Japan said that the people Of this country had q
lesson learn from Japan in regard to the spirit
of respect with which the head of the nation was
treated and the protection which was accorded TO
him against undue criticism.
Baron Takah;ra toasted President Roosevelt re-
ferrng TO him great peacemak ker for his part
in the ending Of the Russian japanese hostiIites
and he added that the wisdom of President Roose-
Welt could be depended upon. He then toasted the
President. the orchestra playing The Star Span
sled Banner at the close of which Baron Taxa
hira shouted President Roosevelt banzafr'