As may be readers, Count Matsukata, G.C.M.G. Count Inouye have recently dec! breaking-off of their friendship with Baron Ito, the old proprietor of the "Nichi-Nichi," in connection with the charge of fraud reference to the Imperial Relief Society. The Baron apparently sold the paper some months ago and the recent flutter with the two Elder Statesmen and indirectly with the Cabinet, may be said to be of the nature of a modus operandi to sever its connection with Government circles. The Baron is not now the owner of the paper, but " certain understanding exists be tween him and Mr. Kato. The " Niel Nichi" office may henceforth probably be the base of political movements of the partisans of Marquis Ito and Count Okuma, or at least this may be intended by some prominent ambitious members. An Ito-Okuma Coalition Cabinet has been dreamed of by the Mitsu Bishi family for long years. It is, however, open to doubt whether it is really advisable for the millionaire group to associate with political agitations. While on the subject, Count Matsukats, who recently severed his public and private friendship with m Ito, is xn immediate relative of the Mitsu Bishi famil; laughter of Baron Iwasaki, Sr. being a wife of the Count's son. The transactions have been very confidentially conducted, and the Count seems to have not known of the proposed deed before he issued the recent note to Baron Ito. On the other hand, Count Inouye is connected to some: extent with the Mitsu family and is considered to be the guardian and adviser of the millionaire group. Apropos, the "Nichi Nichi" was originally owned by Prince Mohri and a number of prominent business-men in Tokio, but was subsequently transferred to the ownership of Mr. (now Baron) Ito, thanks to the good offices of Count Inouye. This is the second time that the precipitous Coun his declared the breaking-of of hi friendship with Baron [to and the first note was withdrawn, owing toa most earnest apology frou the Barun, Count Okuma's Speech.
With reference to & London telegraio that Count Okums's at the Bankers' dinner the other night has adversely affected the foreign market, it may be noted that the Count's remarks, which were to the effect that if the war continue' for two years, Jo Tokio, 17th October. expenses. would reach 2,000 million yen, Kuropatkin's Motive. have caused a pessimistic feeling on the It may be fairly surmised that General London market, resulting in the deprecia-Kuropatkin's latest advance had a politition of the Japanese stocks. cal motive, it being inoperative that context, Mr. Sakatani, Vice-Minister of armies must do something to redeem Finance, who was also present at the their reputation and restore the shatter-dinner, remarks that Count Okuma did ed prestige of their country. For imme-not place the war expenses alone at 2,000 diate effect, greatly needed, he announced ions for two years, but that this eum his purpose, prior to the sctusl opera-included not only the war expenses but tions, in much more bombastic manner also those for carrying out the post-bellum than ever. The intelligence service of the enterprises. The sum required for the Japanese armies is usually excellent, and vat alone, according to Count Okuma, Kuropatkin's latest move was no surprise stood at some 1,200 millions. Mr. to Marshal Oyama. The Tokio papers Sakatani states that the Count's estimate fully appreciate the significance of of 1,200 million yen is very appropriate, present combat of whole opposing armies and that the Japanese can furnish so and question whether Kuropatkin is still large s sum is clearly shown from the able to explain away his latest defeat. experience gained during the last few In his recent proclamation, the Muscovite months. leader declared that he had now received Transport Service.
100,000 reinforcements, 10,000 horses, and one million ponds of foodstuffs, and A Tokio paper reports that forty-thr the time was ripe for the assumption of transports will be released by the Government toward the end of October. Out of the offensive. The general retreat, now compelled by the Japanese, would not the 43 steamers, 19 belong to the Nippon have been " pre-arranged."
Yusen Keisha, including five American Tiners and four Bombay liners, and eight
Text read from the printed page and cleaned; old type leaves the occasional error.