"The sacrifices and dangers that we have experienced, or that we anticipate, as results of the position we have taken in the Far East, ought to be a warning to us when we dream of getting an outlet on the unfreezing waters of the Indian Ocean at Chahbar. It is already evident that the English are preparing to meet us there. The building of a railroad across the whole of Persia, and the establishment of a port at Chahbar, with fortifications, a fleet, etc., will simply be a repetition of our experience with the Eastern Chinese Railway and Port Arthur. In the place of Port Arthur, we shall have Chahbar, and instead of war with Japan, we shall have a still more unnecessary and still more terrible war with Great Britain. "In view of the considerations above set forth, the questions arise: Ought we not to avoid the present danger at Port Arthur, as well as the future danger in Persia? Ought we not to return Kwang-tung, Port Arthur, and Dalny to China, give up the southern branch of the Eastern Chinese Railway, and get from China, in place of it, certain rights in northern Manchuria and a sum of, say, 250,000,000 rubles as reimbursement for expenses incurred by us in connection with the railway and Port Arthur?" Further on in my report I considered fully the advantages and disadvantages of such a decision, and set forth the principal advantages as follows: "(1) We shall escape the necessity of fighting Japan on account of Korea, and China on account of Mukden. (2) We shall be able to reëstablish friendly relations with both Japan and China. (3) We shall give peace and tranquillity, not only to Russia, but to the whole world." _Russia's Fatal Unpreparedness_