There is literally no news of the position of affairs in Formosa—a perfect calm prevails, and, jndginy from the aspect of matters, it is not in this instance likely to be the proverbial forerunner of a storm. Che Japan papers received yesterday, contain but the barest ahu the question, wud these of character as to be entirely devoid of ex citement. The Rising Sun, indeed, thinks aga whole the Japanese would much pre-for peace and quietness to a war with China at the present time. The Gazette is a shade more warlike in its tone, and says, "Phot the Japanese Government is making groat preparations, so as to be ready to meet China arms in hand if peaceful uegotiations fail, is clear; and we are glad to seo it, "Under any circumstances, she ill be able to make better terms with China if it is sven that she is strong and ready to fight."
Touching the arrest of General LeGendre, the same paper expresses att opinion that it is illegal, and hopes the telegram an nouncing it was inaccurate.
A foreign emissary from the Japanese Government, wuder an assumed name, says the Herald, Jeff in the Golden Age for Shanghai on the 30th July, to ascertain the strength of the Chinese navy, its armament, and the extent of its warlike resources." This fact, coupled with the purchase of steamers for transport service, is significant, and belies the assertion so continually put forward as to there being no probability of war between the two
Text read from the printed page and cleaned; old type leaves the occasional error.