The New York herald., 1921-11-17
Improvement Of Education
and Industry if Huge Reve-
nue. Is Released.
L. S. SINCERITY is LAUDED
Business Men and Bankers Be-
gin Making Plans for a
New Nation.

TOXIC. Nov. 16 ASSOCIATED Press).-
Striking evidence of optimism and the
prevalent tendency TO regard the slash
in naval ornaments as an accom-
plished fact, is to be found in the dis
cussion now being indulged in regard
ing the economic effect of releasing
tremendous revenue, which could be
made available for the development OF
education. industry and trade. Thus
far the Japanese Government authori-
ties have maintained absolute silence
concerning the Washington proposals.
except for general expressions of ad-
miration for Americas sincerity and
OF hope for the success OF the con-
ference.
The Kokuniin Shinbun says it is in
formed, in spite OF the governmental
reticencc, that yesterday suggestions
were cabled to Admiral Kato that
Japan had found the proposals COM
pletely consistent with the policy out
lined to the delegates prior 10 their de.
parture. and that Japan will be ready
to accept with slight notifications to
Insure a fairer balance of power. The
paper expects that Japan will pro-
pose that the strength of her navy be
maintained to 20 per cent. of that Of
the United States. thus including
among her capital ships the Mutsu.
Views of the Press.
The other morning papers advocated
similar proportlonate strength.
The rdmoto ShintbUn deprecates the
idea OF opposition to the plan because
Of its unfavorable effects on shipbuilding.
Apart from expressions OF opinion by
several unnamed naval authorities"
whose adverse statements are published
In some OF the papers. there appears to
be little serious opposition in any quar-
ter.
Business men and bankers. on the
supposition that Admiral Kato's ac-
ceptance OF the proposals in principle is
conclusive. have begun to plan for a new
Japan. The FIRST place In their consid-
Grafton is given to education. More and
better schools of the primary. middle and
high grades are visualized. with conse-
quent relief from the deprivation of the
children of proper facilities for educa-
uon. The development Of industry and
the systematic bettermcnt OF social con-
dilons occupy high place In their csti-
nation in the benefits to be derived from
the application OF some of the money
saved by the proposed limitation OF
armaments.
Toyoj Wada, managing director OF
the Full Spinning Company and special
member of the Toxic Chamber OF Com
mercc. finds q. pleasant note In the
japanese accord with the Hughes sug-
gcstions--that there will be at least
zoe. 900. 900 OF yen 10 devote TO peace
ful pursuits with armament restrictions
accomplished. In his opinion much of
the unrest In Japan Is due 70 opposition
20 extreme capitalism and high prices.
The remedy Is TO be found in lower
taxes, decreased prices Of food and the
intelligent expenditure OF the surplus
revenue from naval reduction.
Blessing to Humanity.
Kazuye Shoda, former Minister Of
Finance. believes that armament limita-
ton win prove n blessing to humanity
generally Though u will affect ship
building. he declares that the country
cannot be expected to stand back for
the benefit OF the few He would apply
the surplus available to the reduction OF
taxation.
Selhin 1keda. managing director OF
the Mitsui Bank. is optimistic that the
American plan viii be adopted by the
nations with little amendment. and IN
confident that II will result In financial
and economic betterments. Attributing
the temporary dullness IL trade to the
increase In Unemployment. he believes
that clever handling of the advantages
offered will result in the betterment of
foreign trade and thus improve domes-
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