T have alread; imated that there i: good reason to believe that this report is essentially true, but be it fully conformable to actual fact or not it is yet very significant of the general feeling regarding the object and aims of China's northern "neighbour." It is quila certain, moreover, that some things have transpired to give rise to such a report. Smoke means fire, and there are sparks in this smoke. Recent telegrams give still more point to the report. dit is noticeable that there is not a little excitement and enquiry among the people in regard to the movements of Russia, and the action of Germany in taking possession of Kiaochou Bay, and the meaning of all these developments: the air is fall of interrogation marks—what next?
Text read from the printed page and cleaned; old type leaves the occasional error.