Is it not more than probable that there is an immense section of moderate though patriotic opinion in the great German people which at heart deprecates the extreme doctrines of conquest and world supremacy in pursuit of which the great, the wonderful achievements of the German race in science, in industry, in the extension of commerce, are being rashly risked? CHANNING OF WELLINGBOROUGH. 40 Eaton Place, London S.W., Oct. 29, 1914. TO A COUSIN GERMAN. By Adeline Adams. My Hans, you say, with self-applausive jest, "When Albert gave his Belgians Caesar's name-- 'Bravest of all the Gauls'--surely 'twere shame The King, unthorough man, forgot the rest: "'Bravest because most far from all the best Provincial culture.'"[2] Friend, if now your aim Be that fine thoroughness your people claim, Read on: "Such culture's wares, it stands confest, "Oft weaken minds." And Caesar's word was just. If men, bedeviled under culture's star, Have left Louvain a void where flames still hiss, Speared babes, and stamped the world's own Rose to dust, God grant that Belgium's soul may dwell afar Forever, from a culture such as this! [Footnote 2: "Propterea quod a cultu atque humanitute provinciae longissime absunt."] What the Economic Effects May Be By Irving Fisher. Professor of Political Economy at Yale University; member of many scientific societies. When the future historian chronicles the facts of the present great world struggle and attempts to analyze its causes and effects the economic losses, gains, shiftings, and dislocations will form an important part of the story. It is, of course, quite impossible at this time to know, in any detail, what all the economic results will be. Much will depend on how long the war lasts, how many people and how much property are destroyed, what financial devices are resorted to in order to finance it, and which side is finally victorious. The most palpable and the most fundamental effects will be a partial stoppage of earnings in the nations directly concerned, i.e., a reduction in the "real income," which consists of enjoyable goods. All the other important results follow from this.