Show biot e commission bring peace aS ao word from Toki olis awaited OYAMA CAN DEFEAT LINE boklo august 28 1030 a m the public remains uninformed regarding the latest developments at portsmouth but deml convinced that peace Is hopeless the market reflected this sentiment after the opening today prices sharply declined A failure of the peace negotiations would be generally regretted but tho press and other widespread expressions would be generally for a continuation of the war rather than acceptance of unsatisfactory terms underlying this popular attitude Is deep rooted confidence th atFIeld marshal oyama will defeat general linevitch and take harbin and the japanese will completely overrun the coast provinces possibly greatly lowering the coat of the operations after the main russian army has been defeated and continue the war for an extended period p m the conference of the cabinet officers and elder statesmen which began here early this morning adjourned at 2 this morning and the participants proceeded to a placa where the deliberations were continued under the presidency of the emperor it is believed that the decision will mean the continuance of war or peace no manifestations have resulted from the outwardly critical situation portsmouth N H august 28 the press has definite knowledge abat several day roosevelt iwas authorized on behalf of japan to waive all claims tor indemnity or for the cost of the war and to cede back to russia the northern halt of sakhalin Sak halin island leaving the question ot redemption price of the sale to arbitration of n mixed commission this statement was transmitted to the russian emperor through the american ambassador at st petersburg an associated press telegram announced that ithe azars czars reply was partially responsive there Is reason to believe that this proposition on behalf of japan v as not clearly understood at peterhof Pe but was supposed to be a revival of the efforts of japan to secure an indemnity under the guise of purchase of a fraction of sakhalin Sak halin it Is believed the conference which was held last evening between watte and taka hira was for the purpose of clearing up the situation and it Is not impossible that following the precedent of its ally great britain japan will agree to settle the whole question of the redemption price of sakhalin Sak halin as the dogger bank troubles were adjusted tho japanese contention Is that sakhalin Sak halin is defacio japanese territory and that russia has no means at her command for its present recovery it is understood that mr watte has accepted this view in principle and expressed tho judgment that they should pay something in the nature of redemption money it is believed that the boklo council which Is in session this morning Is considering this chasa of the question it is not true that the adjournment which was agreed to last night until tuesday afternoon was made at the suggestion of president roosevelt there is reason for believing that he knew nothing of it but that the adjustment was by mutual agreement be tween tho russians and japanese the peace conference is likened to a dying man kept alive by oxygen administered by president roosevelt yet no actual evidence can be obtained here that the president has anda a new appeal to the emperor of japan what may have been only a slip of the tongue from mr watte was so interpreted speaking of tho final decision of the boklo government he remarked upon the 14 hour difference between oyster bay and boklo but then hastily corrected himself and said new york and boklo certain ly the president has not initiated new representations at peterhof Pe emperor nicholas reply to ambassador meyer wag of such a nature as to preclude another suggestion in that direction at this stage later the way might be open but for the moment to offer new advice in the face of what practically amounted to an ultimatum from the emperor on the subject of indemnity might be to court a rebuff now representations at alone would perhaps not be in accordance with the presidents role at least it would constitute a change in his attitude heretofore he has not acted as mediator but as the head of a state friendly to both parties the president took good care that this should be distinctly understood the compromise he suggested to peterhof Pe he suggested simultaneously to tokio it would seem more probable therefore that the president baa not attempted to influence directly the question of the japanese response to the flat refusal of russia to pay anything in the shape ot indemnity all eydi are directed to boklo where the momentous question is being discussed perhaps already decided the action of the meeting of the cabinet and elder statesmen Is awaited with feverish anxiety 1 mr watte frankly expressed skepticism of the effect any new proposal japan may bable to offer he doeg not believe japan will withdraw entirely her demand tor reimbursement of the expenses of tho war and to scale it down or attempt to als aulse it in he declares would not change the situation mr Ta kahira Is quoted as having replied in the negative when ashod whether any modification ok the japanese proposal would touch the question of indemnity but such a response may only have been technical A clear read out of ba em broglio by which japan could obtain i very large sum and russia stand bi her present declaration la can be disc ned it japan will offer in a new proposal to withdraw the price she places upon the redemption of the northern halt of the island and place it upon a basis for instance such as the president suggests of determination by a mixed commission acceptance by russia would in turn involve a change upon the part of the st petersburg government but indemnity as a stumbling block would be out of the way and renewed pressure could properly be put on emperor nicholas mr witto personally it is believed sympathizes with such a solution and would not be averse to a genuine redemption as he recognizes the possession posses ston of the island by japan and her claim lo 10 reimbursement tor its if the meeting today of the cabinet sanctions some such new proposal as there ls reason to believe it will the proposition would seem to be so far along nicholas could not refuse without assuming before the world 0 continuing ehg a twinkling therefore it Japa absolutely would withdraw her bill tor the cost of the war the basis af accord may be reached one of ahe chief remain ing dangers would undoubtedly be a false gauging at st petersburg of japans attitude if the conciliatory spirit japan displayed in her compromise proposal of wednesday la now emphasized by a still further recession it is apt to be interpreted at st petersburg as a symptom of great weakness and might only serve to make the emperor and his advisors more obdurate but such a proposition before him mr witte could once more assert himself and throw his own masterful personality into the scale |