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fishing rights along the Siberian coast and the right to establish a consular service throughout eastern Russia.

The two powers mutually obligate themselves not to fortify the Russo-Korean frontier nor to erect fortifications on the island of Sakhalin, the more valuable portion of which, situated below the fiftieth meridian, is ceded to Japan. Japan obtains the Chinese Eastern railway and the right to build a branch line to Kirin, while the South Manchuria railway is to be used for commercial purposes only, both powers maintaining guards along its right of way. Korea, Manchuria, and Siberia are opened to trade on the most favored nation basis, and Manchuria is given the "open door" for all the world to enter.

Japan finds herself in possession of the sea and land routes to Peking through the ownership of Port Arthur, and her influence in China has waxed as that of Russia has waned, the subjects of the czar standing now in the territorial position they occupied in 1890, with every diplomatic advantage then held at the Chinese capital practically annihilated.

By the surrender of all claim for compensation, except that for the care of Russian prisoners of war, and by the return of the warships interned in far Eastern waters, Japan has shown herself as magnanimous as brave, as thoughtful for the peace of the world as for the details which have brought her such success. Scrupulously respecting all the rules of war, Japan has also set the world a new standard of hygienic efficiency in the care of the wounded and especially in the prevention of disease among her soldiers in the field.

Space fails to tell of innumerable deeds of Spartan heroism at the front; of the calmness and dignity of the Japanese people in the time of war, which they do not allow to interfere with their usual daily duties; of working overtime to increase the productive wealth of the