THREE:"The Japanese have ventured upon that feature of Western civilization known as a national debt, and how they will get out of it time alone will determine. At present they are increasing their indebtedness every year, and their paper does not show any signs of redemption. They have also, as you have seen, a paper currency like our national issue in America, and so much like ours is it that it is known as the Japanese greenbacks. They have notes of the same denominations as ours; and they also have a fractional currency, such as we had during the war of 1861 and the years that followed. The premium on coin has gone steadily upwards, partly in consequence of the large issue, and partly owing to the hostility of foreign bankers and others, who have done all they could to bring the Japanese credit into discredit.""'Who man swim best, t'hat man most gettee dlown;