The Pyrrhic victory which she won with her eleventh hour ultimatum will indeed in the end cost her more than would have a complete failure, for Chinese suspicion and hostility are now so deep-seated that nothing will ever completely eradicate them.  It is therefore only proper that an accurate record should be here incorporated of a chapter of history which has much international importance; and if we invite close attention to the mass of documents that follow it is because we hold that an adequate comprehension of them is essential to securing the future peace of the Far East.  Let us first give the official text of the original Demands: 

    JAPAN’S ORIGINAL TWENTY-ONE DEMANDS

    Translations of Documents Handed to the President, Yuan Shih-kai, by
    Mr. Hioki, the Japanese Minister, on January 18th, 1915.

    GROUP I

The Japanese Government and the Chinese Government being desirous of maintaining the general peace in Eastern Asia and further strengthening the friendly relations and good neighbourhood existing between the two nations agree to the following articles:—­

Article 1.  The Chinese Government engages to give full assent to all matters upon which the Japanese Government may hereafter agree with the German Government relating to the disposition of all rights, interests and concessions, which Germany, by virtue of treaties or otherwise, possesses in relation to the Province of Shantung.

    Article 2.  The Chinese Government engages that within the Province
    of Shantung and along its coast no territory or island will be ceded
    or leased to a third Power under any pretext.

    Article 3.  The Chinese Government consents to Japan’s building a
    railway from Chefoo or Lungkow to join the Kiaochou-Tsinanfu
    railway.

Article 4.  The Chinese Government engages, in the interest of trade and for the residence of foreigners, to open by herself as soon as possible certain important cities and towns in the Province of Shantung as Commercial Ports.  What places shall be opened are to be jointly decided upon in a separate agreement.

    GROUP II

The Japanese Government and the Chinese Government, since the Chinese Government has always acknowledged the special position enjoyed by Japan in South Manchuria and Eastern Inner Mongolia, agree to the following articles:—­

Article 1.  The two Contracting Parties mutually agree that the term of lease of Port Arthur and Dalny and the term of lease of the South Manchurian Railway and the Antung-Mukden Railway shall be extended to the period of 99 years.

Article 2.  Japanese subjects in South Manchuria and Eastern Inner Mongolia shall have the right to lease or own land required either for erecting suitable buildings for trade and manufacture or for farming.

    Article 3.  Japanese subjects shall be free to reside and travel in
    South Manchuria and Eastern Inner Mongolia and to engage in business
    and in manufacture of any kind whatsoever.