While the American press was teeming with columns of description telegraphed at enormous cost from the seat of war, and with absolutely misleading articles as to the policy of the League and the attitude of studious neutrality that was to be observed by the United States Government, the dockyards, controlled directly and indirectly by the American Ring, were working night and day putting the finishing touches to the flotilla of dynamite cruisers and other war-vessels intended to carry out the plan revealed by Michael Roburoff on board the _Ithuriel_, after he had been taken off the _Aurania_ in the Mid-Atlantic. Briefly described, this was as follows:--Representative government in America had by this time become a complete sham. The whole political machinery and internal resources of the United States were now virtually at the command of a great Ring of capitalists who, through the medium of the huge monopolies which they controlled, and the enormous sums of money at their command, held the country in the hollow of their hand. These men were as totally devoid of all human feeling or public sentiment as it was possible for human beings to be. They had grown rich in virtue of their contempt of every principle of justice and mercy, and they had no other object in life than to still further increase their gigantic hoards of wealth, and to multiply the enormous powers which they already wielded. The then condition of affairs in Europe had presented them with such an opportunity as no other combination of circumstances could have given them, and ignoring, as such wretches would naturally do, all ties of blood and kindred speech, they had determined to take advantage of the situation to the utmost. In the guise of the United States Government the Ring had concluded a secret treaty with the commanders of the League, in virtue of which, at a stipulated point in the struggle, America was to declare war on Britain, invade Canada by land, and send to sea an immense flotilla of swift dynamite cruisers of tremendously destructive power, which had been constructed openly in the Government dockyards, ostensibly for coast defence, and secretly in private yards belonging to the various Corporations composing the Ring. This flotilla was to co-operate with the fleet of the League as soon as England had been invaded, and complete the blockade of the British ports. Were this once accomplished nothing could save Britain from starvation into surrender, and the British Empire from disintegration and partition between the Ring and the Commanders of the League, who would then practically divide the mastery of the world among them.