“We have taught the Japanese both the capitalistic _régime_ and war. They are a cause of alarm because they are becoming like ourselves. In truth, it is awful. They dare to defend themselves with European weapons against Europeans. Their generals, their naval officers, who have studied in England, in Germany, and in France, reflect honour on their instructors. Several of them have followed the classes of our special military schools. The Russian Grand Dukes, who feared that no good could come out of military institutions too democratic to their taste, must feel reassured. “I am unable to foretell the issue of the war. The Russian Empire opposes to the methodical energy of the Japanese its irresolute forces which the savage imbecility of its government restrains, the dishonesty of a voracious administration robs, and military incapacity leads to disaster. The stupendousness of its impotence and the depths of its disorganisation stand revealed. Withal, its golden reservoirs, kept filled by its rich creditors, are all but inexhaustible. On the other hand, its enemy has no other resources than onerous loans obtained with difficulty, of which victory itself may perchance deprive them. For while English and Americans are one in assisting it to weaken Russia, they do not intend that it shall become powerful and to be feared. It is hard to predict the final victory of one combatant over the other. But if Japan makes the yellow men respected by the white men, it will have greatly served the cause of humanity, and paved the way unawares and doubtless against its own wish for the pacific organisation of the world.” “What do you mean,” said M. Goubin, raising his eyes from his plate filled with a savoury _fritto_.