It is always possible, indeed it would scarcely be surprising to find, that the projected league of neutrals or of nations bent on peace can not be brought to realisation at this juncture; perhaps not for a long time yet. But it should at the same time seem reasonable to expect that the drift toward a peaceable settlement of national discrepancies such as has been visible in history for some appreciable time past will, in the absence of unforeseen hindrances, work out to some such effect in the course of further experience under modern conditions. And whether the projected peace compact at its inception takes one form or another, provided it succeeds in its main purpose, the long-term drift of things under its rule should logically set toward some ulterior settlement of the general character of what has here been spoken of as a peace by neglect or by neutralisation of discrepancies. It should do so, in the absence of unforeseen contingencies; more particularly if there were no effectual factor of dissension included in the fabric of institutions within the nation. But there should also, e.g., be no difficulty in assenting to the forecast that when and if national peace and security are achieved and settled beyond recall, the discrepancy in fact between those who own the country's wealth and those who do not is presently due to come to an issue. Any attempt to forecast the form which this issue is to take, or the manner, incidents, adjuncts and sequelae of its determination, would be a bolder and a more ambiguous, undertaking. Hitherto attempts to bring this question to an issue have run aground on the real or fancied jeopardy to paramount national interests. How, if at all, this issue might affect national interests and international relations, would obviously depend in the first instance on the state of the given national establishment and the character of the international engagements entered into in the formation of this projected pacific league. It is always conceivable that the transactions involving so ubiquitous an issue might come to take on an international character and that they might touch the actual or fanciful interests of these diverse nations with such divergent effect as to bring on a rupture of the common understanding between them and of the peace-compact in which the common understanding is embodied. * * * * *