ing gigantic realm
in the east and the warlike French to the west. The idea is
incomprehensible. The universe would behold a competition in armaments
such as it had never seen.

A victorious Germany, on the other hand, would become less and less
military, since she _would not need_ to arm herself to such an extent as
now. She is already chiefly an industrial country. Her desire is to be
wealthy, and wealth invariably smothers military instincts. Germany has
set up far greater ideals as regards social developments than other
countries, and all she asks is to be left in peace calmly to carry out
these plans in the future. _German militarism can only be conquered by
the victory being on her side, since she has no thought of military
supremacy, but simply of founding a new economical organization in
Europe._

GUSTAF SIOESTEEN.

ADDRESS TO KING ALBERT OF BELGIUM

By EMIL VERHAEREN.

Translation by Florence Simmonds.

[From King Albert's Book.]

Sire: This request to pay my respectful homage to you has given me the
first real pleasure I have been permitted to feel since the good days of
Liege. At this moment you are the one King in the world whose subjects,
without exception, unite in loving and admiring him with all the
strength of their souls. This unique fate is yours, Sire. No leader of
men on earth has had it in the same degree as you.

In spite of the immensity of the sorrow surrounding you, I think you
have a right to rejoice, and the more so as your consort, her Majesty
the Queen, shares this rare privilege with you.

Sire, your name will be great throughout the ages to come. You are in
such perfect sympathy with your people that you will always be their
symbol. Their courage, their tenacity, their stifled grief, their pride,
their future greatness, their immortality all live in you. Our hearts
are yours to their very depths. Being yourself, you are all of us. And
this you will remain.

Later on, when you return to your recaptured and glorious Belgium, you
will only have to say the word, Sire, and all disputes will lose their
bitterness and all antagonisms fade away. After being our strength and
defender, you will become our peacemaker and reconciler. With deepest
respect,

EMIL VERHAEREN.

Foreshadowing a New Phase of War

Financing the Allies and Small Nations Preparing for War

By Lloyd George, British Chancellor of the Exchequer

That there are "also other States preparing