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THE PROBLEM OF CHINA
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the conclusion of the Treaty of Portsmouth, after the Sino-Japanese war, which deserves to be told as illustrative of Japanese politics. [1]

In 1905, after the battles of Tsushima and Mukden, it became clear to impartial observers that Russia could accomplish nothing further at sea, and Japan could accomplish nothing further on land. The Russian Government was anxious to continue the war, having gradually accumulated men and stores in Manchuria, and greatly improved the working of the Siberian railway. The Japanese Government, on the contrary, knew that it had already achieved all the success it could hope for, and that it would be extremely difficult to raise the loans required for a prolongation of the war. Under these circumstances, Japan appealed secretly to President Roosevelt requesting his good offices for the restoration of peace. President Roosevelt therefore issued invitations to both belligerents to a peace conference. The Russian Government, faced by a strong peace party and incipient revolution, dared not refuse the invitation, especially in view of the fact that the sympathies of neutrals were on the whole with Japan. Japan, being anxious for peace, led Russia to suppose that Japan's demands would be so excessive as to alienate the sympathy of the world and afford a complete answer to the peace party in Russia. In particular, the Japanese gave out that they would absolutely insist upon an indemnity. The Government had in fact resolved, from the first, not to insist on an indemnity, but this was known to very few people in Japan, and to no one outside Japan. The Russians, believing that the Japanese would

  1. The following account is taken from McLaren, op. cit. chaps, xii. and xiii.