“It is amazing to see, as one travels about the country, how the lesser difficulties which at first sight seemed likely to attend the scheme solved themselves on the general principles which guided its promoters. Thus, the religious question, which had been acute in several of the old states, gave no further trouble when it was understood that the state would pay for the upkeep of all Church buildings by a _pro rata_ grant, proportional to the number of foreign travellers who had visited each in the course of the last census period. The old political divisions of the whole area were obliterated, and replaced by a new division based on railway facilities; when exception was taken to the use of the word ‘cantons,’ as implying that the Swiss system had overrun its natural boundaries, it was decided that these new geographical units should go by the name of ‘coupons.’ Once it was realized that the whole nation had only a single aim, viz. the exploitation of the foreigner, all democratic institutions speedily disappeared, and the present Senate was set up, consisting of the proprietors of those hotels which are marked with a star in Baedeker’s Guide. Taxes were abolished, and replaced by a five per cent. duty on all commissions and tips. The army was disbanded; for it was rightly argued that there was no danger of friction with foreign nations: if they have grievances to ventilate, they are requested to communicate direct with Ludgate Circus. The language problem was solved by the introduction of American as the official language of the State; the exchange difficulty, which had threatened to strangle the commercial life of Central Europe, was easily met by the self-sacrificing policy of the Agency. The Agency retains very real rights as a power behind the throne, but in no way obtrudes itself on the notice of the people at large; and if the policemen, customs officers, etc., have the distinguishing initials T.C. on their caps, this is only because they create confidence in the mind of the traveller.