Considerable apprehension is expressed in the vernacular press over the fear that Japan soon will become an insolvent nation. Towards metropolis of this country, that the President will remain true to his announcement that America's naval plans will not be influenced by the policies of other nations and points out that, although Great Britain drew up estimates for three misers to be constructed within she has given up of two, Therefore, President position fs more secure, and the decision of the British Navy'
its policy deprives "Big Navy-ites" in America of one of their main pretexts for adding to the American fleet.
Text read from the printed page and cleaned; old type leaves the occasional error.