against production. We are displaying bad grace when we complain that we are witnessing fresh competing and disturbing products invade the market of the world thus thrown into confusion. Of what use are our lamentations? That might is right is our god. If Tokio is the weaker, it shall be in the wrong and it shall be made to feel it; if it is the stronger, right will be on its side, and we shall have no reproach to cast at it. Where is the nation in the world entitled to speak in the name of justice?
"We have taught the Japanese both the capitalistic régime and war. They are a cause of alarm because they are becoming like ourselves. In truth, it is awful. They dare to defend themselves with European weapons against Europeans. Their generals, their naval officers, who have studied in England, in Germany, and in France, reflect honour on their instructors. Several of them have followed the classes of our special military schools. The Russian Grand Dukes, who feared that no good could come out of military institutions too democratic to their taste, must feel reassured.
"I am unable to foretell the issue of the war. The Russian Empire opposes to the methodical energy of the Japanese its irresolute forces which the savage imbecility of its government restrains, the dishonesty of a voracious administration robs, and
