Show I Till SIW lAI 1 CLOUD Tho The New ew York Evening B Post Evidently I the Japanese feel teel that they the have exhausted o Id the resources of at diplo diplomacy macy mac find and lirE are nerved for Cor n a collision The rife only hope of peace hence lies apparently In concession by b And since her diplomacy knows knolls neither scruples nor chagrins n a retreat or II a prof to 10 continue the limo status quo ammo U he II well swell among the tho possibilities Meat Mean Meanwhile while the thc war wor spirit Is III so strong In mat that any untoward accident might might precipitate the tho Inevitable con conflict filet Naturally the Iho Insurance corn com companies lire are raising Far Eastern risks n II clarifying business comment nt on eer certain tRill tain obscure passages of C diplomacy San Francisco l Chronicle The Tho war claries from the tho Orient and time the big bitt J capitals do not only vary vay IlI from day to day du hours of ot the dark clout clouds of war being followed by hy the time bright sunbeams of pence but bul they the are arc construed according to the tho color of the time journals printing them thein JOt For Instance e yesterday some lome papers In this city found ominous signs Igns of an Immediate In the thu news from and London aid St HI Petersburg while others other rend only a 1 message of oC pence peace In iii the conflicting statements sent Hent out an as news It Is u a uca 1 ca case CillO o of ot you roil pays your money anti you ou takes taken your i our choice I New Now York World old ally nil Delay Dela Is In hers still Japan hits hns all the tho advantage of near net nets to the tho scene steno of oC conflict and amid of at codling ing ling stations Motions and repairing docks Even her little army might for Cor a n time coot com pare well w ll In effectiveness with tho the HUB Hus Inn sian hampered ns nit It Is h by b he hc endless task of ot transportation over time the Siber Slber Siberian Inn ian railroad In n the time long lanK run there could be no doubt that victory would favor time the heavier battalion unless other r powers were Wore In time the mean menn time drawn drown Into n a I general war Tho The of ot such ouch a u conflict are so ap rap appalling palling that the civilized nations of ot Eu Europe Europe Europe rope aro are bound to use every evory endeavor to maintain pence Sun Hun Money honey Mone Is lacking on en both hoth sides aides Jap Japan Japan an Is poor amid Russia Is deeply In III debt and hard up In Um patriotic ardor limo thu Jails Japs perhaps at present excel war with Russia being very ery popular Their navy Is III about equal to the tho to eastern squadron tl the advantage tape tage of ot being near MOl Its whereas Russia has hOIl in the tho Pacific but limited resources resource lust for the tho repair of ot ships ship The Japanese a urns available for tOI operation In Korea or elsewhere Is probably larger than tho the Russian but hum It U is at lit tho lino disadvantage of ot having to cross time the sea elL to the scene of operations It could not Ilot well welt do no so nor 1101 be regularly sup supplied supplied supplied plied with provisions until after the time Russian squadron was met mel anti and beaten If It war wars occurs a decisive naval engage engagement engagement ment may therefore be expected ns as ono one of ot ltd its early events Japan must get lot control of ot time the sea If It she else Is III to operate In Korea or China Chinn with safety |