cloths. oils. 1904... 4,090,952 4,729,498 1005 1..27,761,095 8,966,124
To Hongkong 1904... 50,154 2,566,154 1905 73,227 1,803,569
The following table shows the comparative value, in gold dollars, of the imports often and silk into the! U.S. forthe years ending the 30th of June, 1908, 1904, and 1905 1903. 1904.
Tea 16,659,229 18,229,310 16,230,858 Rowailk.49,002,597 44,461,504 59,542,302.
Various documents which by some chance appeared recently in our columns, are reprinted in the journal, Among them are the letter from Portland, Oregon, asking for admission of Chinese labour, and the article from the "New York Journal of Commerce" on the China Development Company. here is a long and readable report by Mr. George E. Anderson, U.S. Consul at Amoy, on "Chinese Exchange and Chinese Foreign Trad Mr, Anderson is in the habit of writing his own ideas, the results of his own observations and enquiries, which makes his outwitted those on the other side; when both parties are dissatisfied, the indication is that each party thinks its envoys have been outwitted by those on the other side and the bystanders may fairly conclude in each case that the treaty is a reasonable one. The Tokio telegrams which we publish this morning tell us that the Japanese feeling about the treaty is one of serious dissatisfaction, and the same feeling, according to the Berlin telegram, is prevalent at St. Petersburg, where the Press has been urging for the last. few days that Russia is far from being vanquished, and that the treaty has most inopportunely interfered to prevent General Linievitch crushing' Marshal Oyama, That there should be some rioting at Tokio was to be expected, for up till the very last the vernacular Press had insisted that nothing would persuade the Japanese envoys to recede from the demand for an indemnity. The Emperor of Japan and his Ministers in making peace on the terms they have accepted have shown a moral courage and " humane spirit which would become the most Christian nation in existence;.while to the pre-eminent blessing of peace itself they add by the treaty solid-advantages, far greater, as we have shown. before secure, When the Japanese. people than they went to war originally to
sit quietly down to realise this, we cannot doubt that they will get over their first feeling of disappointment, and approve of the course adopted by their deservedly beloved Emperor. Loyalty to the Emperor is the first feeling in every Japanese heart, and they will be encouraged by the knowledge that the opinion of the. civilised world is that the treaty, far from being humiliating, is exceed-
Japanese Press must realise this when they take time to consider it calmly, and when they put them: selves in Russia's place and note what she has lost." 'That' Japan was in a position to' continue. the war and add to her unbroken record of successes is not to be doubted; but "Peace hath her victories no less renowned than War," and these are the victories to which Japan must now heartily address herself.
Text read from the printed page and cleaned; old type leaves the occasional error.