The historical procedure before the War was towards the formation of large territorial unities; the _post-bellum_ procedure is entirely towards a process of dissolution, and the fractionizing, resulting a little from necessity and a little also from the desire to dismember the old Empires and to weaken Germany, has assumed proportions almost impossible to foresee. In the relations between the various States good and evil are not abstract ideas: political actions can only be judged by their results. If the treaties of peace which have been imposed on the conquered would be capable of application, we could, from an ethnical point of view, regret some or many of the decisions; but we should only have to wait for the results of time for a definite judgment. The evil is that the treaties which have been signed are not applicable or cannot be applied without the rapid dissolution of Europe. So the balance-sheet of the peace, after three years from the armistice--that is, three years from the War--shows on the whole a worsening of the situation. The spirit of violence has not died out, and perhaps in some countries not even diminished; on the other hand the causes of material disagreement have increased, the inequality has augmented, the division between the two groups has grown, and the causes of hatred have been consolidated. An analysis of the foreign exchanges indicated a process of undoing and not a tendency to reconstruction. We have referred in a general manner to the conditions of Germany as a result of the Treaty of Versailles; even worse is the situation of the other conquered countries in so far that either they have not been treated with due regard, or they have lost so much territory that they have no possibility of reconstructing their national existence. Such is the case with Austria, with Turkey and with Hungary. Bulgaria, which has a tenacious and compact population composed of small agriculturists, has less difficult conditions of reconstruction. Germany has fulfilled loyally all the conditions of the disarmament. After she had handed over her fleet she destroyed her fortifications, she destroyed all the material up to the extreme limit imposed by the treaties, she disbanded her enormous armies. If in any one of the works of destruction she had proceeded with a bad will, if she had tried to delay them, it would be perfectly understandable. A different step carries one to a dance or to a funeral. At the actual moment Germany has no fleet, no army, no artillery, and is in a condition in which she could not reply to any act of violence. This is why all the violence of the Poles against Germany has found hardly any opposition. All this is so evident that no one can raise doubts on the question.