For we repeat our firm conviction, based on long and close attention to the political motives at work among the nations, that it is on the Danube and not on the Rhine that the torch of war will first be kindled. To a pessimist, indeed, if not to an unbiassed observer, we may well seem of late to have been drawing nearer and nearer to a general war. The world has never been afflicted with more persistent rumours of war. No single day has passed without bringing us its perturbing crop of tremors and apprehensions about the stability of the European peace. From week to week the Jewish speculators on all the Bourses of Christendom have been robbed of their sleep, and, worse still, of their dividends, by telegrams as to the secret massing of troops on this or that frontier, and of ruinous uprisings in various subject and down-trodden countries. Now it is the Black Sea Treaty that is going to be forcibly robbed of its entire Dardanelles clauses, and again the Bargain of Berlin is about to be perforated, for the sixth time, by the sword-point of the Czar. Then the Roumanians wake up to find the Russians beginning to hem them in on three sides; while, again, newspaper readers are horrified by a revelation of the rapacious passions which some dignify by the title of ‘principle of nationality,’ and others denounce as criminal ‘lust of land,’ that are on the verge of outbreak at Athens and Sofia, at St. Petersburg, at Belgrade, at Vienna, at Paris, and even at Rome. Where is the wisdom of highly-placed men like the German Emperor and his new Chancellor assuring the world, in addresses from the throne and after-dinner speeches, that the peace of Europe was never more assured than at present, and that the political horizon is without a cloud even of the size of Elijah’s ominous and initial speck of vapour? What is the truth or the wisdom of such assurances, when the thorn of Alsace-Lorraine is still sticking in the flesh of the unforgiving and revengeful French; when Italy still has some territory ‘unredeemed;’ when Denmark still harbours a deep grudge against her truculent despoiler; when even the peaceful Swedes, who are still animated by the spirit of the Great Gustavus, long to free their former subjects, the Finns, from the tyrannical mastery of the Russians; when the Spaniards would gladly profit by a European complication—even if they shrank from the thought of an audacious _coup de main_—to repossess themselves of Gibraltar; when the Portuguese, following suit, would never hesitate to kick their British rival in Africa, if they deemed him to be down; when the Cretans, egged on by the Greeks, are firmly resolved to throw off the galling yoke of the Turks; when ex-ministers like M. Tricoupis stump about the Balkan Peninsula, openly preaching Pan-hellenism and Balkan Federation against the advocates of disunited nationalities; when the Servians secretly vow to settle up old scores with their Bulgarian