Without wishing to derogate from the merit of Mr. Roosevelt’s good offices, I am convinced he could not have succeeded if the financial consideration had not rendered the belligerents docile. Japan was absolutely at the end of her financial resources; the Russian coffers were not far from empty. By the intermediary of the President, both parties were given to understand that not a yen or kopeck more could they borrow if peace were not concluded there and then. Any prolongation of that war would have meant financial panic in many countries, chiefly in France. Israel, by its bankers, has its hand on the throttle in Christendom, and can make for peace and war more than all the peace congresses. When we reflect on the three cruel, uncalled-for wars which followed the Hague Conference in 1898, we can only tremble for the future, if there is to be a new peace congress. In spite of conferences and Jew bankers, guns will continue to “go off by themselves.” These Delcassé revelations are not calculated to render the Germans more friendly to France or England, and the knowledge they have acquired of France’s inability and unwillingness to fight must be a strong temptation to a nation whose population is increasing at a formidable rate, in spite of emigration, while that of France is stationary, not to say steadily decreasing. Belgium, that great country in a very small compass, has doubled hers since 1830. With 7,000,000 inhabitants, the figure of her business operations is now the same as that of France with 38,000,000. This last statement was made by M. Leygnes, ex-minister, in a recent political speech, regarding the steady decadence of France under Jacobin rule since twenty years. No country wants war, but all fear it. The causes of unrest are manifold and legion. In an important political speech made by Lord Beaconsfield (Disraeli) at Aylesbury, September 20th, 1873, he expressed himself as follows: “I can assure you, gentlemen, that those who govern must count with new elements. We have to deal not with emperors and cabinets only. We must take into consideration secret societies, who can disconcert all measures at the last moment, who have agents everywhere determined men encouraging assassinations, and capable of bringing about a massacre at any given moment.” The passage is quoted in an article in the _Nineteenth Century_ (1876), “A History of the ‘Internationale.’” The “Internationale,” by the way, is fast superseding the “Marseillaise.” The verse of blasphemy against Christ and His mother is followed by one which ends with these words: “Our balls are for our generals.” A short time ago there were prolonged riotous strikes on the eastern frontier. A striker was killed accidentally. Thereupon M. Berteaux, the Minister of War, retired a general and imprisoned a captain and a lieutenant for the crime of having allowed the lancer regiments to carry lances when they were sent out against the strikers!