We publish in another column the report, as translated from a Japanese newspaper. of a speech by Mr. Kajiwara, president of the Yokohama Specie Bank, at the farewell dinner given to. Mr. Thomas W. Lamont by the Japanese Banking Group, and Mr. Kajiwara's own version of the terms he used on that occasion, A greater divergence between "the newspaper version and Mr. Kajiware's it would be difficult to conceive, but Mr. Kajiwara must be credited with knowing what he did say on the occasion'in question and his account must be accepted. Furthermore, had he said what the newspaper reported he did, Mr. Lamont, who was present at the time, would, we believe, not have let it go unchallenged, nor. would he have left Japan so satisfied as he undoubtedly was. There then remain only two explanations for the extraordinary account that was published: cither that it was a pure fabrication prepared for the press, or a journalistic flight of fancy. It is not necessary to do more than hazard the opinion that a section of the Japanese would hate to think that either the Japanese Government or the Banking Group had receded from their initial position, and that by them the yielding of Japan to Mr. Lamont's persuasions would be regarded as a defeat, which, of course, it was not. Mr, Kajiwara's
Text read from the printed page and cleaned; old type leaves the occasional error.