With this corruption cleared out of the way, with the armaments commercial traveller flung down the back-stairs he has haunted for so long—and flung so hard that he will be incapacitated for ever—it will become possible to consider a scheme for the establishment of the peace of the world. Until that is done any such scheme will remain an idle dream. But him disposed of, the way is open for the association of armed nations, determined to stamp out at once every recrudescence of aggressive war. They will not be totally disarmed Powers. It is no good to disarm while any one single Power is still in love with the dream of military glory. It is no good to disarm while the possibility of war fever is still in the human blood. The intelligence of the whole world must watch for febrile symptoms and prepare to allay them. But after this struggle one may count on the pacific intentions of at least the following States: The British Empire, France, Italy, and all the minor States of the north and west; the United States has always been a pacific Power; Japan has had its lesson and is too impoverished for serious hostilities; China has never been aggressive; Germany also, unless this war leads to intolerable insults and humiliations for the German spirit, will be war-sick. The Spanish and Portuguese-speaking Republics of America are too busy developing materially to dream of war on the modern scale, and the same may presently be true of the Greek, Latin and Slav communities of south-east Europe if, as I hope and believe, this war leads to the rational rearrangement of the Austro-Hungarian Empire. 1915 will indeed find this world a strangely tamed and reasonable world. There is only one doubtful country, Russia, and for my own part I do not believe in the wickedness and I doubt the present power of that stupendous barbaric State. Finland and a renascent Polish kingdom at least will be weight on the side of peace. It will be indeed the phase of supreme opportunity for peace. If there is courage and honesty enough in men, I believe it will be possible to establish a world council for the regulation of armaments as the natural outcome of this war. First, the trade in armaments must be absolutely killed. And then the next supremely important measure to secure the peace of the world is the neutralisation of the sea.