Extremely significant is one of the concluding paragraphs of his speech in which he foreshadows economic developments after the war. In view of the Allies' expressed intention of making an effort to boycott German trade even after the signing of peace terms, the following words of Halil Bey are illuminating and important: "The most important result of this war is that from the North Sea to the Indian Ocean a powerful group will have been created that will be ever in opposition to English egotism, which has been the cause of the loss of millions of human lives and of thousands of millions in money, and will act as a check on Russian pride, French _revanche_, and Italian treachery. In order to secure this happy result the Turkish nation will be proud to submit to every sort of sacrifice." The president concluded his speech by eulogizing the memory of those who had fallen in the war. Halil Bey's prediction of the reestablishment of communications with the Central Powers was not long in being fulfilled. Within two weeks the Germano-Austrian drive from the Danube had penetrated to Bulgarian territory opposite the Rumanian frontier, and within another fortnight it had linked up with the Bulgarian columns in the south operating against Nish. For all practical purposes Serbia was in their hands, and the powerful economic group heralded by Halil Bey was in the process of completion. There is no doubt that the forging of this strong link with Berlin was one of the main considerations in inducing the Allies to abandon the Dardanelles campaign. There were two immensely important reasons why this should have radically changed conditions in the Gallipoli Peninsula. In the first place, there was the question of supplies. There are three ways in which modern wars on a big scale can be won: by direct military pressure, by financial pressure, or by economic stress. In the case of the Allies' offensive against Turkey, after the first disappointment of the naval military operations, it was confidently predicted that economic stress would accomplish what military pressure had failed to do. It was known that Turkey had but meager means of making good the enormous expenditure of heavy-gun ammunition necessary in modern battles. Indeed, as early as the big naval attempt to force the Dardanelles, rumors were heard of a shortage of ammunition in the Turkish forts, and in this connection it is interesting to print a report that gained currency at the time of the abandonment of the Anzac and Suvla Bay bases. Had the allied fleet returned to its attack upon the Dardanelles batteries on the day following the great bombardment of March 19, 1915, the waterway to Constantinople would surely have been forced, in the opinion of several artillery officers of the defense works near Tchanak-Kalessi expressed to the Associated Press correspondent, who had just reached Vienna.