[A] The most absurd perhaps was the clause, appearing in all the Peace Treaties, which made ‘reparations’ a first charge on all the assets of the defeated countries. This, of course, completely destroyed their credit, and incapacitated them from raising a loan, forcing them to have recourse to progressive inflation, and so into bankruptcy. [B] This does _not_ mean, of course, that there are no Christians in the Churches, but only that they are not in control of these institutions. [C] _Icarus_, p. 49. [D] cf. _Daedalus_, p. 34; _Icarus_, p. 54. TRANSCRIBER’S NOTES: Italicized text is surrounded by underscores: _italics_. Obvious typographical errors have been corrected.