In a previous paper I have set out the plain facts of the condition of Central and Eastern Europe. It is a break-up of the modern civilization system, due to the smashing up of money, without which organized town life, factory production, education and systematic communications are unworkable. If it goes on unchecked to its natural conclusion, Central and Eastern Europe will follow Russia to a condition in which the towns will be dying or dead, empty and ruinous, the railroads passing out of use, and in which few people will be left alive except uneducated and degenerating peasants and farmers, growing their own food and keeping a rough order among themselves in their own fashion. We are faced, indeed with a return to barbarism over all these areas. They are going back to the conditions of rural Asia Minor or the Balkans. How far is this degeneration going to spread? Let us recognize at once that it need spread no further. It is not an inevitable process. It could be arrested, it could be turned back and a rapid restoration of our shattered civilization could be set going right away if the leading powers of the world, sinking their political ambitions for a time, could meet frankly to work out a bankruptcy arrangement that would release the impoverished nations from debt and give them again a valid money, a stable money with a trustworthy exchange value, that could be accepted with confidence and saved without deterioration. Upon that things could be set going again quite hopefully. Education has not so degenerated as yet, habits of work and trading and intercourse are still strong enough to make such a recovery possible. Except perhaps in Russia. Russia, for all we know, may have sunken very deep. But if there is no vigorous world effort made soon the trading class, the foreman class, the technically educated class, the professional class, the teachers, and so forth, will have been broken up and dispersed. These classes are comparatively easy to destroy, extremely hard to reconstruct. Modern civilization will really have been destroyed, if not for good, for a long period, over great areas if these classes go.