Mr. Hubbard to Mr. Bayard.
Tokio , March 8, 1887. (Received March 31.)
Sir: I have the honor to inclose herewith two clippings from the Japan Daily Mail, a British newspaper, being comments of said newspaper on two editorials from leading native (Japan) daily journals.
1 have forwarded this clipping from the Anglo-Japanese press as an index of what Englishmen regard here as a, turning point in trade relations which have hitherto been largely monopolized by their countrymen. In the same connection, as bearing on the question of cultivating more speedy transportation between Japan and the United States, I call your attention also respectfully to what an influential native commercial daily says in relation thereto. The Nippon Yusen Kaisha, to which allusion is made, is the great steamship company of Japan, whose bonds are all guaranteed by the Japanese Government, and which owns more than a hundred ships.
I have, etc.,