Yet, it must be admitted, the patriotic temper of the American people is of such a susceptible kind as to leave the issue in doubt. Not that the Americans will not endeavor to initiate some form of compact for the keeping of the peace, when hostilities are concluded; barring unforeseen contingencies, it is virtually a foregone conclusion that the attempt will be made, and that the Americans will take an active part in its promotion. But the doubt is as to their taking such a course as will lead to a compact of the kind needed to safeguard the peace of the country. The business interests have much to say in the counsels of the Americans, and these business interests look to short-term gains--American business interests particularly--to be derived from the country's necessities. It is likely to appear that the business interests, through representatives in Congress and elsewhere, will disapprove of any peace compact that does not involve an increase of the national armament and a prospective demand for munitions and an increased expenditure of the national funds. With or without the adherence of America, the pacific nations of Europe will doubtless endeavour to form a league or alliance designed to keep the peace. If America does not come into the arrangement it may well come to nothing much more than a further continued defensive alliance of the belligerent nations now opposed to the German coalition. In any case it is still a point in doubt whether the league so projected is to be merely a compact of defensive armament against a common enemy--in which case it will necessarily be transient, perhaps ephemeral--or a more inclusive coalition of a closer character designed to avoid any breach of the peace, by disarmament and by disallowance and disclaimer of such national pretensions and punctilio as the patriotic sentiment of the contracting parties will consent to dispense with. The nature of the resulting peace, therefore, as well as its chances of duration, will in great measure be conditioned on the fashion of peace-compact on which it is to rest; which will be conditioned in good part on the degree in which the warlike coalition under German Imperial control is effectually to be eliminated from the situation as a prospective disturber of the peace; which, in turn, is a question somewhat closely bound up with the further duration of the war, as has already been indicated in an earlier passage. CHAPTER VII PEACE AND THE PRICE SYSTEM