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Show WHY THEY 'ACCEPTED. Japanese Looking to the Future When They Made Peace. Portsmouth. Tho following statement state-ment of tho Japancso nrgument which governed their decision to wnlvo tho Question of Indemnity can bo accepted as authorltattvo: "Japan realized fully slip was making mak-ing a sacrlflco fdr peaco, but sho was looking to tho futuro. It wns not a question of whether tho war could bo successfully continued, but of whether peaco waa not now moro advantageous to Jnpnn. , "Japan hair already gained all sho fpught for. It was only tho spols of war' that remained, and having nchloVcd tho real objects of tho war sho could afford to forego tho spoils rather than bo placed in tho position of fighting for monoy. Whllo Japan believed sho was entitled to tbo spoils, sho felt that her position vtns so strong, her success so completer that sho could yield without detracting from tho force Of her victory," |