Show english papers give their views of treaty london aug 30 the news of the conclusion of peace at portsmouth yesterday reached london so late last evening that with the exception of official and diplomat circles and those who were in the city at a late hour the announcement in the morning circles came as a complete surprise even many cabinet officers and other high officials were ignorant of tho momentous event until today as those who compose the official and social circles in england are now gathered around the moors some of them out of reach of the telegraph for grouse shooting with the general public the news was received with the greatest satisfaction and admiration tor japans sacrifices in the cause ot peace the announcement that peace had been arranged caused the stock markets lo 10 open with a somewhat buoyant tendency today and prices established a smart advance the evening papers follow the lead of the morning papers in bestowing unstinted praise on president roosevelt to whom they give the fullest credit tor the outcome of the conference whose decision was entirely at variance with their daily predictions both papers and people were so astounded at the outcome of the conference that they feel there Is something in the agreement which has been arrived at that has not yet been pub lishe dand that it this is not the case then the new anglo japanese treaty has affected the result in some way the pall mall gazette says the enlarged treaty with england may have had considerable weight in persuading the mikado and his advisers that japans position in the far east Is now practically agreeable and that peace may be made without pressing tor the payment of coals japan now stands in a position of impregnable supremacy in the far east and this can only be disputed by a coalition against which her alliance with the greatest naval power in the world constitutes ana absolute guarantee arguing that japan might after consideration feel more satisfied with having gained the points for which she took up arms the pall mall gazette continues ahe north of asia lies at her feet and particularly china china has been bone of contention all along england and the united states will have every reason to bo thankful for the triumph ot japan referring to japans decision to give up her demand for an indemnity the westminster gazette says it needed only a moments reflection to see how greatly her moral and material position must have been worsened it after having obtained all tha substantial points for which she undertook the war and at the enormous assets that go with them ahe cad taken the responsibility for renewing tho war on the question of the costs which could not in the long run haye been recovered against an opponent who was determined deter not to pay the policy of japan is 0 o concentrate herself upon the formidable ta ok of developing what her victory has given her and even a success which would have left her in possession of further territory must have dissipated her energies and weakened her position the alliance is to be renewed referring to the anglo japanese treaty and extended to a wider scope than it baa yet had speaking of japans waiver of the indemnity clause ahe globe says it has been an act of extraordinary courage on the part of the emperor and his council in the act which seems justified by the results the emperor of japan has given the world a lesson in and as we believe the result will show in practical wisdom the globe also claims that japan gained what abo went to war for and says to the ancient chivalrous feeling of the old Sau there must have appeared something sordid in continuing the conflict not tor glory or for the safety of the empire but for a cash payment which bad assumed the form of a liquidation tor damages moreover we write in the dark we have no glimmer of the secret conditions which in all probability form a part of the terms of peace nor do we know how far the was affected by tha anglo american treats t i standard avs rus bai ha n bocc of the r a pc dip J t A victorie in the history of the world if is summed up in mr wiltes pas un son not a cent of indemnity nor are we inclined to begrudge mr witte his hour of glory he fought magnificently tor russia and ahe has been able thereby to save her face referring to the results gained by japan tho standard says Ter hapa she la the only nation on the face of the earth which would have rested content with what she set out to accomplish com we come to what may be regarded as the greatest victory of the three it belongs as we think to president roosevelt he may lor held out to japan inducements which wound have the doable effect of severing peace with russia and rooting up the weeds of disagreement between japan and Ai the standard prints a dispatch from st petersburg which says M watte will return the hero of the day and that it ia that he may become assort minister |