Wilson had only said that France should receive compensation for the wrong suffered in 1871 and that Belgium should be evacuated and reconstructed. What had been destroyed was to have been built up again; but no one had ever thought during the War of handing over to Belgium a part, however small, of German territory or of surrendering predominantly and purely German territories to Poland. The German colonies covered an area of nearly 3,000,000 square kilometres; they had reached an admirable degree of development and were managed with the greatest skill and ability. They represented an enormous value; nevertheless they have been assigned to France, Great Britain and in minor proportion to Japan, without figuring at all in the reparations account. It is calculated that as a result of the treaty, owing to the loss of a considerable percentage of her agricultural area, Germany is twenty-five per cent. the poorer in regard to the production of cereals and potatoes and ten to twelve per cent. in regard to the breeding of live stock. The restitution of Alsace-Lorraine (the only formal claim advanced by the Entente in its war programme) has deprived Germany of the bulk of her iron-ore production. In 1913 Germany could count on 21,000,000 tons of iron from Lorraine, 7,000,000 from Luxemburg, 138,000 from Upper Silesia and 7,344 from the rest of her territory. This means that Germany is reduced to only 20.41 per cent. of her pre-war wealth in iron ore. In 1913 the Saar district represented 8.95 per cent. of the total production of coal, and Upper Silesia 22.85 per cent. Having lost about eighty per cent. of her iron ore and large stocks of coal, while her production is severely handicapped, Germany, completely disorganized abroad after the suppression of all economic equilibrium, is condemned to look on helplessly while the very sources of her national wealth dry up and cease to flow. In order to form a correct estimate of the facts we must hold in mind that one-fifth of Germany's total exports before the War consisted of iron and of tools and machinery mostly manufactured with German iron. If we now consider the fourteen points of President Wilson, accepted by the Entente as a peace programme, comparing the actual results obtained by the Treaty of Versailles, we are faced with the following situation: 1. "_After loyal peace negotiations and the conclusion and signing of peace treaties, secret diplomatic agreements must be regarded as abolished_," says Wilson. On the contrary, secret peace negotiations have been protracted for more than six months, and no hearing was even granted to the German delegates who wished to expose their views. By a system of treaties France has created a military alliance with Belgium and Poland, thus completely cornering Germany.