There can be only two judgments about this over-charge. Either it was made out of sheer ignorance and levity, or it was made with the deliberate intention of keeping Germany henceforth in arrears and in the wrong, so that at any sign of economic or political revival she could be at once claimed against and stricken down again. Possibly ignorance and levity mingled with foreseeing malignity in the counsels at Versailles. But the temptations created by the situation have proved irresistible. Throughout the years immediately following this Treaty France has never faltered from her conception that the new peace was only the continuation and completion of her ages-long feud against Germany. She has been quietly and steadfastly strangling Germany in the name of her debt. At Washington she refused to discuss the question of land disarmament--some of us can still recall M. Briand’s preposterous speech about the concealed arms and hidden armies of Germany--and across the amiable, foolish face of the Geneva League of Nations she has woven a net of armed alliances, heaping guns and dull and overwhelming expense upon the insolvent peasant States of Eastern Europe, and dissipating the money she owes to Britain and America upon fresh military adventures. She is now indisputably in military control of Europe. Great Britain has displayed no such fixity of intention as France, and, particularly since the downfall of Mr. Lloyd George, has just rolled about in an uneasy, protesting manner. America has withdrawn in a state of virtuous indignation from the mess she helped so carelessly and generously to make. Until the spring of this year Germany continued to make very considerable but insufficient payments to her conquerors. There seemed, indeed, a possibility that she might presently muddle back to a tolerable and honourable position in European affairs. France perceived that the hour had come for effective action; and Mr. Lloyd George being by that time out of her way, she occupied the Ruhr, the industrial heart of Germany. She occupied it without the consent of her Allies, and so illegally; and with an utter disregard of the interests of Britain, who came to her rescue when she was faint with terror in 1914. She occupied it with every circumstance of petty insolence. Most of us have seen photographs and kinema films of the French troops strutting through the disarmed, defenceless German towns, and the French officers hitting off the hats and smacking the faces of any bystanders who did not display sufficient reverence for their intrusive flag.