Among the guests of the company was Mr. E. W. Frazar of Yokohama, the head of Frazar and Co. who furnished the line with a large part of the rails and the rolling stock. He is the son of Everett Frazar who was for so many years the Consul-general for Korea in New York. He expressed himself with great satisfaction over the fact that the Japanese had adopted the American system throughout, in their Korean railways, contrasting it with the heterogeneous system found in Japan itself. The guests from Fusan were enthusiastic over the new 120 ton Baldwin engines that are being put on the road and over the fact that soon we shall see a nine-hour schedule between Fusan and Seoul. This will be an average of thirty miles an hour including stops. The road bed, the bridges, the culverts and tunnels are all of the most substantial character and do great credit to the constructors. It is asserted that the traffic on this road is already quite considerable and that the Koreans are taking advantage of it very freely. The influence of such an artery of traffic and travel cannot but be immense. It will almost surely cause great changes in former methods, and during the period of readjustment it may be that more or less hardship may be caused. But this is incident to all great improvements and the ultimate results must be highly beneficial to all such Koreans as have energy and ability to take advantage of the opportunity. When we think of the enormous appreciation of land values all along the line we feel as if Koreans ought to inaugurate a campaign of education, to make their countrymen aware of this enhancement of value and to urge them to make the most of it rather than sell to the first bidder who offers them a ten per cent rise upon the original value of the land. If a bag of rice formerly cost nearly its full original value to get it to market, while now it will cost only a few cents to do so, it is plain that farm land has nearly if not quite doubled in value. But there are other factors at work as well, which enhance the value of land, and unless the Korean is apprised of this he is likely to sell for much less than his land is worth. Whatever sentimental notions one may have about the Koreans it is quite certain that the Japanese have come here to stay and they come with money, ready to buy liberally. One of the most important problems in sight, therefore, is that of the future of those Koreans who elect to sell their fields. They are not accustomed to handle large sums of money and it looks as if there would be considerable danger of their suffering loss. Koreans should be exhorted to hold on to their property at least until they have clearly decided what to do next.