Arizona republican., 1910-03-07
Mir. Schiffs Warning.

If the Japanese were excited by Shaw. excitement of the real sort is likely to result when they read the remarks of MT. Jacob Schiff. at New York. on Saturday last
 With the exception of NIT. Taft and NIT. Roosevelt, MT. Schiff is better known in Japan than any other American. His standing as an inter national banker has made his name familiar in all foreign lands. and in Japan, especially, he stands for the American business public. It was to him, as the head of the great banking house of Kuhn. Loeb & O., that the Japanese applied for assist ance in their war with Russia, and it was through him that the larger part of the Japanese war loans were placed. No other unofficial Ameri- can. therefore. could So immediately arrest the attention of Japan. With in day or two we shall know how his speech has been received by the Japanese statesmen and people. as Tokio. and Japanese newspapers are prompt to reproduce any news af- fecting the relations of the two coun- tries. It can be taken for granted that MT Schifrs prediction of a war between the United States and Japan will create excitement in not only Japan. but in Europe as well.
 It is not difficult to understand MT Schiffs state of mind He is bitter against Russia. and the sup posed secret alliance between Russia and Japan is regarded by him as proof of Japanese ingratitude to him and the other Jewish bankers of the United States. It is no secret that MT. Schiff was induced to some ex tent by sentiment when he went to Japan's rescue. Russia's infamous treatment Of her Jewish population just prior to the Japanese war had angered the progressive Jews throughout the world. Knowing this, the shrewd Japanese correctly as- stunned that their applications for loans would be kindly received by Jewish bankers They made the most ,.f ha s-ft hax profeSsed to be grateful for MT. MT. Schiffs assistance In his travels in Japan since the war he has been hailed as one of their greatest friends In characterizing Russia as the enemy of all mankind" he is but expressing the sentiments of all enlightened Jews. It is not surpris- ing that he resents Japan's secret understandings with her late enemy.
 A very notable feature of MT. Schiffs speech is the fact that it is the only expression made by great banker in modern times in prophecy of war Financiers 'uf his rank all ways deprecate all war talk. Were it not that his personal feelings enter into his discussion of the subject his prediction would be considered by the world as profoundly significant
 After all, however. MT. Schiff has revealed nothing new He does not undertake to say when war will come and doubtless thinks it may be postponed to the distant future But in believing that sooner or later the question of supremacy in the Pa cific will have to be fought out by Uncle Sam and the Japanese, MT Schiff is in accord with all well in formed Americans and all well inform ed Japanese. And his speech of Sat urday, while it will doubtless meet q chorus of angry and sarcastic protests in the Japanese press. will not mis- lead the statesmen of Japan. They know, as well as American statesmen that the situation is loaded" and that coolness and good temper or both sides are necessary if friendly relations are to he preserved for any length of time