I consider the safest guarantee for the future, international agreements to prevent war. In such agreements, if they are framed in binding form, I should see much stronger guarantees against surprise attacks by neighbors than in frontier rectifications, but thus far, except in the case of President Wilson, I have been unable to discover among any of our enemies serious inclination to accept this idea. However, despite the small degree of approval this idea receives, I consider that it will be realized. Calculating the burdens with which the States of the world will emerge from the war, I vainly ask myself how they will cover military expenditures if competition in armaments remains unrestricted. I do not believe that it will be possible for the States after this war adequately to meet the increased requirements due to the war. I think, rather, that financial conditions will compel the States to enter into a compromise regarding the limitation of armaments. This calculation of mine is neither idealistic nor fantastic, but is based upon reality in politics in the most literal sense of the word. I, for my part, would consider it a great disaster if in the end there should be failure to achieve general agreements regarding the diminution of armaments. It is obvious that in the peace with Rumania we shall take precautions to have our interests in the questions of grain, food supply, and petroleum fully protected. We shall further take precautions that the Catholic Church and our schools receive the state of protection they need, and we shall solve the Jewish question. The Jew shall henceforth be a citizen with equal rights in Rumania. MAKING RUMANIA PAY The irredentist propaganda, which has produced so much evil in Hungary, will be restrained and, finally, precautions will be taken to obtain indemnification for the injustice innocently suffered by many of our countrymen owing to the war. We shall strive by means of a new commercial treaty and appropriate settlement of the railway and shipping questions to protect our economic interests in Rumania. Rumania's future lies in the east. Large portions of Bessarabia are inhabited by Rumanians, and there are many indications that the Rumanian population there desires close union with Rumania. If Rumania will adopt a frank, cordial, friendly attitude toward us we will have no objections to meeting those tendencies in Bessarabia. Rumania can gain much more in Bessarabia than she lost in the war. [Count Czernin said that he was anxious that the rectifications of the frontier should not leave any embitterment behind, and expressed the opinion that Rumania in her own interest must turn to the Central Powers.] In concluding peace with Rumania and Ukraine, it has been my first thought to furnish the monarchy with foodstuffs and raw materials. Russia did not come into consideration in this connection owing to the disorganization there.