Summary

1911 Encyclopædia Britannica, Volume 15… (1911)

The true samurai had to rise superior to all contingencies. Out of this perpetual effort on the part of hundreds of experts to discover and perfect novel developments of swordsmanship, there grew a habit which held its vogue down to modern times, namely, that when a man had mastered one style of sword-play in the school of a teacher, he set himself to study all others, and for that purpose undertook a tour throughout the provinces, challenging every expert, and, in the event of defeat, constituting himself the victor’s pupil.
Source: Wikisource

1911 Encyclopædia Britannica, Volume 15… (1911)

When the first bank was organized, its two founders—men who had been urged, nay almost compelled, by officialdom to make the essay—were obliged to raise four-fifths of the capital themselves, the general public not being willing to subscribe more than one-fifth—a petty sum of 500,000 yen—and when its staff commenced their duties, they had not the most shadowy conception of what to do. That was a faithful reflection of the condition of the business world at large. If the initiative of the people themselves had been awaited, Japan’s career must have been slow indeed.
Source: Wikisource

1911 Encyclopædia Britannica, Volume 15… (1911)

Undoubtedly, to carry the currency of a nation from a discount of 70 or 80% to par in the course of four years, reducing its volume at the same time from 160 to 119 million yen, was a financial enterprise violent and daring almost to rashness. The gentler expedient of a foreign loan would have commended itself to the majority of economists. But it may be here stated, once for all, that until her final adoption of a gold standard in 1897, the foreign money market was practically closed to Japan.
Source: Wikisource

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