Capitalists and financiers -- Fiction; Gold -- Fiction; South America -- Fiction; Wall Street (New York, N.Y.) -- Fiction
The government was coöperating energetically in the efforts to
strengthen still more the monetary position of the country. At the same
time naval construction was being pushed forward on a scale that
betokened the very presence of war. And yet in the midst of the
oppressive conviction of impending conflict, there was no word in the
courts and parliaments of Europe save of peace. Guns were bought, ships
were built, armies were equipped, practice maneuvers were executed,
nations were impoverished, all for the preservation of peace. But the
limit had been passed at last. War was cheaper than peace. So war it was
to be, in everybody’s opinion. The absence of specific cause made no
difference. It could be developed in a hundred ways at a few hours’
notice. There was at least the hope of a general disarmament and the
real peace of recuperation after the cataclysm was over. Many people who
believed in the inevitability of the long-threatened struggle were
inclined to look upon the situation in the cold light of this
philosophy.
About the middle of August, France began an energetic series of
diplomatic protests against the continued occupation of Egypt by Great
Britain. It was instantly surmised that this was the signal of the
approaching crisis. Russia joined in the dissent, and the tone of the
objections sent to the Court of St. James was distinctly aggressive.
Europe made up its mind that there was to be an autumn campaign. It was
the design of the aggressors apparently to make the contest short and
sharp. The approach of winter, which would greatly interfere with
military operations on the Continent, might be an added influence to
induce Germany and Austria to keep hands off until France and Russia had
an opportunity to overthrow the naval supremacy of Great Britain. The
issue of a conflict between England on the one hand and France and
Russia on the other, would, of course, be decided principally upon the
sea. The situation became extremely critical. Great Britain, avoiding
the responsibility for provoking hostilities, took advantage at first of
diplomatic red tape. Delay was sought, and the diplomatic agents of the
protesting governments developed impatience. They showed signs of
becoming peremptory in their demands, and there was vague talk of an
ultimatum from France to England.
Public-domain text, read in full here on John Shaqi.
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