Mr. Denby to Mr. Sherman.
Peking, China, April 5, 1898.
Sir: I have learned from good authority that China has ceded Weihai-wei to Great Britain on the same terms that Port Arthur has been ceded to Russia.
Wei-hai-wei is an excellent harbor, much larger, and better than Port Arthur. It is exactly at the mouth of the Gulf of Pechili, and is the nearest point on the Gulf to Korea. It commands the gulf. It is about 40 miles from Chefoo and 80 from Kiaochou. It is supposed here that it will be a second or northern Hongkong.
I do not suppose that Wei hai-wei will be a treaty port; but it will be an open port. There will be no tariff and the commerce of the world will be treated fairly.
I have, etc.,