Twenty years ago it was deferred by the interference of France and England. France is now _hors de combat_, and England has better work elsewhere. Berlin, Vienna and St. Petersburg have the decision in their hands. It would be a waste of time to speculate upon coming events. Even the negotiations plying to and fro at this moment are veiled in the strictest secrecy. Possibly no one of the trio, Bismarck, Andrassy and Gortschakoff, dares to look beyond the hour. The question may be deferred again, but it must be decided some day upon a lasting basis. Stripped of unessentials, it is a question of race-supremacy. The downfall of European Turkey being conceded as a foregone conclusion, which of the two races, the Slavic or the Germanic, is to oversee and carry out the reconstruction of the region of the lower Danube? Is Russia, already so immense, to place herself at the head of Panslavism and extend her borders to the Dardanelles? Or is Austria, backed by North Germany and aided by the Hungarians and the Roumanians, to resume her mediæval office as _marchia orientalis_ and complete the mission for which she was called into being by Charlemagne? A question which even the most prophetic of politicians would hesitate to answer. Yet, in any case, it is possible that Vienna and Berlin may become the centres of a great Pangermanic reflux not unlike the efflux that swept over Northern Gaul and England in the fifth century. In view of such a possibility it behooves us to study these two capitals more closely--to consider their origin and growth, their influence and their civic character.