Your correspondent gathers from ro-linble sources that Japan's object in en-toring into the peace negotiations, proposed by the President of the United States, is not to revenge herself. on Russia but to mako impossible the repetition of such outrages as were committed by Russia, provoking the present war. But in view of the largo sacrifices made by Japan in connection with this w: monetary and other compensations are considered inevitable. Thus the cession of territory and the payment of an indemnity are only. proper. The Japanese seem to rest full confidence in President Roosevelt. They believe that Mr. Roosevelt, whose foresight and straightforwardness challenge: no question, will not allow himself to be used by Russia as her catspaw and they are naturally optimistic of peace prospects. The Topanese hold that their position is now "invincible." If Russia acquiesces in her conditions, Japan will recall her arms but otherwise she will resume the campaign with renewed, vigour and energy. Whi on the subject, the " Kokumin Shimbun," which deliberately represents the opinion in higher circles, regards th now blown by tha Russians as of cry of despair, It compares it with the celebrated declaration of M. Jules Favros on the eve of the peace negotiations between Germany and France that France would cede"ni un pouce de son territoire ni: une pierre de ses forteresies." It is not uncommon impulse of human nature. seek consolation.in the language of bombast when overwhelming fa ts have to be faced, Russia must be literally. sensible of her situation; she must see how vain are she must undévetasd tit" this lon peace ig deferred the more onétous will be the ions relating
with difficulti ly. involve great international questions are beset several ruptures' bet toa successful' istic. prepa.
for those' things," eoiitimues' the " Kokuinin." "She is' net" distarbed- by' the 'Russian fanfare' nor does she laze heart the presence of obstacles which were no expected."
The Boycott, in, Yokohama, Therp.was a representative. meeting of Ghinese merchants in the Chinese Club on Sunday Inst,.from, the morning till p.m. Rive, questions. relating.to the proposed boycott against America were considered, ile., the: boycotting. of panies, banking companies,.' insurance agents, mercantile houses, and employees. The three first, questions, were. decided. by a, resolution—to boycott, Ame shippers, bankers, and insurance, age ighilo. the two other, heads—mercantile Houses, and. employoes—were: left. in rae Asto the first of these two con-5 presentatives, protest.
raing that white they wore ready to hel m of the Dayeott, the national or inion, such a boycott woul not patriotically: help: China; in their cise, a8 they ware only travellers and they: were ly buying goods from Americans here reselling' them to the Japanese, or buying from. Japanese and. re-selling, to ericans, so that their.action could not omuployees they stated that hey recogn:
jure the home country... In regard to th the call of patriotism but they. we: contracted to their eniployers for their livelihood and had no money: or property on whith, otherwise, to subsist. Those favour of the, general boycott said it was a shame that the Yokohama Chinese should stand aloof when all the Chinovo at other points have approved of: the boycott, and, besides, an arrangement had boon made at Shanghai to assist any ployees who suffered by their patriotic action. It was finally agreed to postpone action on this head until a dofinits guarantee of such assistance arrived from Shanghai.
Text read from the printed page and cleaned; old type leaves the occasional error.