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| 1906, Jan |
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Premier Katsura Tar resigned because of popular dissatisfaction with the Portsmouth treaty. The Kenseit cabinet was formed by Marquis Saionji Kinmochi (1849–1940). | 1 |
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| March |
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| A bill passed the lower house for the nationalization of the railways at an estimated cost of $25 million. By 1921 there were 6,481 miles of state-owned railways and 1,993 miles of private lines. | 2 |
| The South Manchurian Railway Company was founded as a semiprivate, semipublic company. The first president, Got Shinpei (1857–1929), former civil governor of the Japanese colony of Taiwan, immediately established a research department, based in Dalian. | 3 |
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