An article by the Italian statesman, Signor Crispi, under the title Germany, England, and the Yellow Peril," appears the Hamburgis: her Correspondent." Tt jeals at syme length with the Chinese question, pointing out that the Emperor William' was the first to warn Europe against the Yellow Peril, and urging the necessity, of reorgavising Japan as the ally of the European nations in this matter, her interests and those of Europe being identical. Signor Crispi then proceeds to discuss exhaustively the relations between Germany and Great Britain. He says "The Transraal war appeared to afford an_ opportunity to a section of public opinion in Germany to give open expression to a hostile feeling, the concealment of which any longer appeared superfluous. Happily, the policy of Germany was directed' by the Emperor, the Imperial Chancellor, and the Minister for Foreign Affairs, and from the day when the Kaiser telegraphed to the Viceroy of India that blood is thicker than water, the Germans have come to understand that the continuance of a Great Britain, and even of a Greater Britain, is fur Germany more than an interest, is even a necessity, at any rate for the moment, and, to my great joy, I now mark the disappearance of that hostility which, though perhaps explicable to a certain degree to Germans as an instinctive manifestation of feeling, is not to be justified by the logic of fact or of ideas."
Signor Crispi proceeds to declare that the British conquest of the Transvaal is not to be deplored either by humanitarians or by politicians, points to the perfect freedom conferred by England in all-her colonies on foreigners of all races, as contrasted with the exclusive and egotistic system of the Boer. Th n followed weighty passage which demands textual quotation, "The writer says spoke just now of my great joy because an understanding be: ween the Governments of London and Berlin not only srrexponds to my personal wishes, but to the material interests of Italy, which possesses in Germany and England the natural allies whom the logic of geography would commend to her if the logic of polities did not proclaim it so clearly. But I treat the success of Great Britain in South Africa not alone from the strictly Italian standp It is all too clear that in presence of a Russian Empire, to the growth of which no limit can be assigned, which but for the Asiatic safety-valve would already be a permanent danger to Europe, and which, though to-day largely taken up with Asix, may to-morrow become such a danger; in presence, too, of the wonderful vitality of France, which seems to touch the ground, only to rise stronger and more enterprising, as witness her colonial policy alone—I say that, in view of these facts, not only Germany and Italy, but also Austria and the smaller States, would find their position imperilled on the day when the British Power finally fell in ruin, bo-cause then the counterpoise would be want ing and, even if the Franco-Russinn Alliance did not exist. the European balance of power would be so vivleutly shaken that the Triple Alliance itself—aye, even the victorious Triple Alliance—would not be able to restore it. What harm, whut danger, on the other hand, can befall Europe from this victory, which consolidates the military position of Great Britain for along time to come, not only in itself, but by the proof it affords of England's capacity, military as well as otherwise? Certainly no burin, no danger whatever."
Signor Crispi concludes by expressing the earnest hope that the understanding between Germany and Englind may continue and flourish and extend even to the Far East, where a most difficult problem lies before the European Powers.—'' Hongkong Daily Press.""
Text read from the printed page and cleaned; old type leaves the occasional error.