Show i JAPANS JAPAN'S S 'S FINANCIAL I POSITION I New York Sun On a per ier capita basis Japans Japan's national debt and annual expenditure arc are both considerably considerably consider consider- ably below the general run of ot such buch charges In other countries of largo large population Yet for Japan In her present condition It Is hs only possible to regard them as V heavily burdensome on her people The Japanese of today today today to- to day are arc pa paying for tor th j Japan of or tomorrow The natural resources of oC the country are are- not great an and It is as a whole a lan land oC ot poor people who live simply an and worl work laboriously they must on a wage or Income which from an American point Joint of view is a a. mere pittance pit pit- tance Somo Some idea of con conditions Is obtained when when It Is understood that there are millions of Japanese whoso whose income Is fa not more than a year and that there are hun hundreds reds of oC thousands ds whoso whose yearly Income I is considerably considerably consider consIder- ably below that sum f Just what official Japan really thinks about Its present present pres pres- ent ont and future none can say The rhe official expressions in invariably invariably In- In variably point to entire satisfaction with the present and absolute faith In the future I The She he official view Is accepted without question b by the great mass mats of ot the people who must pay pa pay pay for war with Russia for tor a n. splendid I n navy vy an and amId cat gm-cat docks an and shipyards nn and for tho time main of or an nn arm army The strain upon the taxpayers I h Indicated In the Increase of national revenues re derived I In large part from direct taxation from 1 In 1901 to for fOl tho time present year yc In the tho almost Impossible event of war with the United States it Is not to be thought that Japan would get ou out of or It any more cheaply than she got out of or her struggle with Russia Hussla That cost her on which sh she must pay poy more than a n. year car for interest In addition to that her payments for Cor rewards and pensions pensions' for Cor the last two years are ore greater by some seine to a year ear than the they were for Cor tho the years preceding preceding- the war period Another war would mean more charges more rewards and pensions an and another enormous increase in taxation of her alrea already heavily burd burdened ned people The per capita wealth of or the United States Stales is estimated e ed eQ as somewhat exceeding 1200 A few tew years ears ago the tho Bank Dank of or Japan prepared n n. tabulated estimate of or the thc per capita wealth of that countr country It ma may be assumed that tha the figures were set as high as It was thought safe to place them On the basis of or a liberal increase in values time lime four years cars ago aso tho the per pel capita wealth of ot Japan to today ay would be below rather than above For a nation of ot its Hs class this is a very ery meager sum Japans Japan's national debt Is probably not far fal from rein one one- seventh of her hel total national notIonal wealth Our debt Is less than 1 per cent of or our wealth Japans Japan's lighting fighting abilities on land and sea en have commanded commanded com corn tho the admiration of ot the world worl Her economic de development de- de e- e luring during recent years ears ha has been remarkable Her place in tho the world of tomorrow will depend upon her cultivation of tho the arts of or peace rather than those of war I In fact from Crom figures of ot her own official l publication ItIs it itIs itis Is quite evident that another conflict would mean her utter ruin Japan is solvent to today a but her continued solvency will vill depend upon a long period of ot peace and active Industry Nothing can be bo more certain than that her rulers an and leaders are arc fully Cully aware of this fact |