The Daily News of Thursday prints a very ominous letter
from its Japanese correspondent, dated Yokohama. June 7th. Every one feels, it says, that the peace is only a lull in a storm which will presently rage all the more furicasly. Russia is now the object of Japanese hatred, and little attempt is made to conceal the fact. "Against Russia, Germany, and France, even the greatest Jingo admits Japan is helpless. But it is quite otiorwise with Russia single-handed." All ranks and all classes are confident that they can punish Russia. Russia is inviting attack. "Her ships move about prepared for action, with all possible woodwork removed, and the hulls painted sea-green." This is exasperating; but the bitterest blow is the news that in Corea Russian intrigue has completely foiled Japan. The Japanese Agent already finds himself a cipher, and is coming home. The Japanese, however, will not resign Corea without a fight. If Russia actually occupies the peninsula, hos- tilities will begin. As the troops return from the Liau- tung Peninsula, they are being hurriedly sent north, ready, should war result, to be landed in Corea. " It would be no child's play for Russia," says the Daily News' writer. "In ironclads she is superior, but the greater speed of the Japanese cruisers would give them a great advantage, and
prevent Russia from forcing a pitched naval battle." The guns strained daring the recent fights are being replaced, and the boilers cleaned and overhauled. "In another montL- Japan will be ready for her formidable foe." Clearly we arc only at the beginning of things in the Far East.