was firmly applied. It was only later, when the politicians began to get a clear notion of economic laws, by the painful lessons of reality and disillusion, that they began to deceive their peoples and keep up the bluff. They were afraid to tell the truth after all those falsities. In France, long before the entry into the Ruhr, French economists, business men and senators confessed privately that France could never hope to get anything like her claims against Germany, and some of them, more candid than others, shrugged their shoulders and said: “We dare not tell the people—the shock would be too great.” The French Press kept up the conspiracy of this deception, audaciously and persistently throwing the blame of delay in getting German payments upon Great Britain who did not stand by them in exerting “pressure.” In Great Britain, dependent upon export trade for her main source of wealth, and seeing the deadly stagnation of Europe and its increasing loss of purchasing power, the truth of economic law was more quickly perceived, and its statesmen shifted their policy and forgot their golden promises more rapidly and with more public candour. THE DOWNFALL OF IDEALISM Looking back upon the years after the war, one sees that the idealism, which for a little while might have changed the face of the world if there had been great and noble leadership, fell with a crash in many hearts because the interpreters of the Peace Treaty were appealing not to the highest but to the lowest instincts of humanity; to greed rather than justice; to vengeance rather than reconstruction; to lies rather than truth. If only there had been one great leader in the world who had cried: “We were all involved in this crime against humanity, although Germany’s guilt was greatest; let us in the hour of victory put vengeance on one side and so shape the peace that the common folk of the world will have a better chance of life,” I believe that in the time when the agony was great and the wounds were still bleeding the hearts of people would have leapt up to him. They would have responded if he had pleaded for generosity to the defeated nations, if he had refused to punish the innocent for the guilty, if he had asked them to forego the pound of flesh demanded in the name of Justice, to forget the horror of the past, to escape from it together, to march forward to a new chapter of civilisation not based on standing armies, balances of powers, and cut-throat rivalry, but upon new ideals of international law, business, common sense, and Christian ethics. People will say—do say—“It would have been weakness to let the Germans off. They deserved to be punished. They would have made a peace of terror, if they had had the chance of victory. There is Justice to be considered. Justice demands its due, or God is mocked.”