Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-02-28
FEELING NOW
Japanese Less Bitter Against
Americans.
MISLED By THE REPORTS
Newspaper Correspondents Sent
Sensational Stories.
ECONOMIC CONDITIONS UPSET
Prospect for the Future in the En-
pire Regarded as Fairly Good
by Conservative Judges.

Correspondence OF the Associated Press.
TOXIC. Monday. January ~. 1909.
During the recent discussion in Japan of
the attitude of certain people in California
with regard TO Japanese residents IL ap-
pears that one of the difficulties faced by
the japanese newspapers of the best stand
ing was that their corresp ondents at the
various points lacked an appreciation of
The conditions in America as well as ca
pacity to analyze the feelings of the peo-
pie or the standing of those who espoused
particular action. AS a result only the
most sensational publications appearing
in the newspapers in America. as rule
reached the newspapers in Japan. the re-
suit being that from the outset there was
almost entire misunderstanding as TO
the real situation.
La ter on, as the position of the leading
people of California and of the United
States developed through the more re-
liable press dispatches better feeling
began to prevail and now this contro-
versy has almost entirely stopped
Ia fact. many of the newspapers now
say that much good has come out of the
first evil, inasmuch the discussion
brought out even A greater degree of
friendship on the part Of America toward
Japan than was at first believed to eX-
iSt.
Economic Conditions Unsettled.
Economic conditions in Japan are con-
siderably unsettled, although the prospect
for the future is regarded as fairly good
by the best and most conservative judges
A temporary setback has been met with,
however, in certain revelations concern
ing the conduct Of company affairs. Sey-
eral large companies in which the public,
both foreign and Japanese. has invested
largely are being managed in a manner
that is careless. to say the least. The
directors of one concern were forced to
resign, and the further the investigation
went the more serious conditions became
Confidence was shaken by the discovery
of similar evidence of carelessness in the
handling of other company affairs and
investigation is general. 1t is the
cleansing OF the augean stables that has
begun. and il will bring forth a more
healthy condition Of things, but at pres
ent the discoveries are acting as a de-
pressant. and while business generally is
said to be much better there is marked
cautiousness upon the stock market and
exchange.
Government Securities Firm.
Japanese industrial securities are not
being sought after. but government Sc
culitleS nave steadily nelO their own anu
they are expected to improve. Some of
the larger foreign firms are naturally
feeling the squeeze of japanese competi-
ton and are turning their attention TO
the financial side of business with the
japanese.
AS a consequence it is intimated that two
large banking firms will be esta biished IN
Toxic. one with American capital and
the other with English, and that this
banking feature will be the main business
conducted by two firms that hitherto have
confined themselves practically to mer-
chandise.