elgium or France. War is
atrocious, and you cannot move millions of men to the slaughter of their
fellow men without revealing a certain percentage of crimes kindred to
murder.

In due time, all the atrocities of this war may be shown up in
photographs which have been taken. The Carnegie Peace Foundation is
circulating photographs showing the atrocities in the Bulgarian wars. It
might be much more timely for them to circulate photographs showing the
horrors and atrocities of human sacrifice in this most audacious war.

Previous chapters have shown how German diplomacy slipped, how the German
secret service had gathered the facts of the military, financial, and
political weaknesses of Russia, Great Britain, and France, yet with no
ability to value properly the spirit of the peoples behind this military
unpreparedness. Germany has been described as "System without Soul." It
remains only to show the relative weaknesses of Germany, and why she
cannot win this war.

The Allies can reach round the world for men, war-supplies, and financial
assistance. Germany can get no more men, no more gold, no more outside
war-supplies. She must manufacture and be self-sustaining.

In the first six months of the war Germany has raised a loan of
4,400,000,000 marks, or about 1,100,000,000 dollars, promptly and
patriotically taken by her people.

But international bankers inform me that every dollar of this and fifty
percent more was gone before January 1, 1915. This is also indicated by
the expansion of her paper money and her efforts to maintain the gold
basis under that paper.

As this is regarded as a life-and-death struggle for Germany, the jewelry
in the Empire must go into the melting-pot.

I can well credit the reports of copper household utensils and building
materials going into the melting-pot for the copper of war.

And of rubber, for which there is no substitute, I hear that above three
dollars a pound is being bid in Germany, or about four times the price in
the United States.

Still, the scarcity of gold, copper, gasolene, or rubber, or all
combined, might not force Germany to sue for peace.

What I give a final verdict on is the tremendous human sacrifice that is
exhausting both Austria and Germany. I do say from good sources that in
the first twenty weeks of the war the German casualties--wounded,
prisoners, missing, and killed--were above 1,700,000, while Austrian
casualties are now approaching a millio