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Updated: May 4, 2025
The United States was to pay Japan a war-indemnity of two billion dollars, in installments, exclusive of the sums previously levied in the Pacific States. San Francisco was to be Japan's naval port on the Pacific coast, and the navy-yard and arsenals located there were to pass into the hands of the Japanese. The Philippines, Hawaii and Guam were to be ceded to Japan.
Both reports recommended that a war-indemnity should be levied on the Republic, but counselled moderation, for, though the private wealth of the Dutch was potentially large, the State was practically insolvent. These proposals were too mild to please the Committee of Public Safety. The independence of the Batavian Republic was taken for granted.
There is, it is true, a certain amount of land owned by the State in the Transvaal, but if we distribute this gratis to a few hundred individuals we shall be depriving ourselves of one of the few sources from which a war-indemnity could accrue to the nation as a whole.
Louis XIV. was as yet ignorant what can be done amongst a proud people by patriotism driven to despair; the States General offered him Maestricht, the places on the Rhine, Brabant and Dutch Flanders, with a war-indemnity of ten millions; it was an open door to the Spanish Low Countries, which became a patch enclosed by French possessions; but the king wanted to annihilate the Hollanders; he demanded Southern Gueldres, the Island of Bonmel, twenty-four millions, the restoration of Catholic worship, and, every year, an embassy commissioned to thank the king for having a second time given peace to the United Provinces.
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