25 FEBRUARY 1905, Page 1
There is as yet no proof that these terms are
any- thing but gossip, that the Czar would accept them, or that the decision to try one more great battle has been in any way abandoned. We note that one explanation of the peace rumours is that Russia is issuing another loan, and that the financiers who desire to handle the loan find the prospect of touching their commission greatly increased by rumours of peace. Accordingly they do all they can to encourage peace-talk in the Press.
