another stretch of seven miles there comes An-tung, upon the same bank, at a point where the stream divides, the eastern branch being the Yalu River. An-tung is of quite recent construction, and a few years ago millet fields occupied its site. Under the care of native merchants large, solid-looking houses have been built, broad streets have been opened out, and an air of unusual prosperity distinguishes the place. The anchorage is thronged with junks, while timber is stacked in vast quantities below the limits of the town. Sea-going steamers of the coaster type can here discharge and load their cargoes, thus obviating transhipment at Ta-tung-kao. Trade between Ta-tung-kao, which is situated at the mouth of the Yalu, and Chi-fu, is at present carried on by small steamers of the _Mosquito_ flotilla and one British ship, the _Hwang-ho_, of the China Navigation Company (Messrs. Butterfield and Swire), while the vast volume of the exports and imports finds its way hither and thither in Chinese junks. The run from Chi-fu port is one of a hundred and eighty-five miles, and the time usually occupied in the trip north-eastward is twenty-two hours, the steamers anchoring in the fairway channel at a distance of four miles from Ta-tung-kao. Ta-tung-kao is a busy town, inasmuch as it is the place of transhipment for imports and exports, most of which go to or come from An-tung. The fact of steamers being unable to approach Ta-tung-kao makes An-tung the real business centre of the Yalu River. In respect of An-tung, two hundred Russian cavalry have been stationed there for over two and a half years. The cantonment is situated on a small hill, marking the northern limit of the town, which has no wall. As usual, through the Yalu Valley these soldiers bear an evil reputation among the natives, from whom they commandeer at pleasure. Striking away from An-tung is the Pekin “Great Road,” which runs to Liao-yang. Above An-tung the river divides and shoals exist, the water being so shallow that none but native craft can ply. Wi-ju is situated about ten miles to the eastward, and at a point west of Mao-kewi-shan, four miles below An-tung, there is the terminus of the branch of the Manchurian railway, which is to strike the river. The construction of this work will begin in the spring of 1904. The first eighty miles offer little obstruction, and it is intended that the work shall be pushed forward until its junction with the main line of the system is accomplished. Russia, therefore, cannot well afford to ignore the consequences of her policy in the Far East, nor, at the same time, can she be expected to sacrifice, at the request of Japan, those great interests which she has been at such pains to foster. The position is, indeed, a striking example of the manner in which an imperious policy will create the taste, if not the necessity, for Imperialism.