Habsburgs knew that they could count on the
bravery of the Magyars, and they sent them to massacre in all the most
bloody battles. So the little people gave over 500,000 dead and an
enormous number of injured and sick.

The territories taken from Hungary represent two-thirds of her mineral
wealth; the production of three million quintali (300,000 tons) of
gold and silver is entirely lost; the great production of salt is
also lost to her (about 250,000 tons). The production of iron ore is
reduced by 19 per cent., of anthracite by 14 per cent., of lignite by
70 per cent.; of the 2,029 factories, hardly 1,241 have remained to
Hungary; more than three-quarters of the magnificent railway wealth
has been given away.

Hungary at the same time has lost her greater resources in agriculture
and cattle breeding.

The capital, henceforth, too large for a too small state, carries
on amidst the greatest difficulties, and there congregate the most
pitiable of the Transylvanian refugees and those from other lost
regions.

The demographic structure of Hungary, which up to a few years ago was
excellent, is now threatening. The mortality among the children and
the mortality from tuberculosis have become alarming. At Budapest,
even after the War, the number of deaths surpasses the number of
births. The statistics published by Dr. Ferenczi prove that the
number of children afflicted with rickets and tuberculosis reaches in
Budapest the terrific figure of 250,000 in a population of about two
millions. It is said that practically all the new-born in recent
years, partly through the privations of the mothers and partly from
the lack of milk, are tuberculous.

The conditions of life are so serious that there is no comparison;
some prices have only risen five to tenfold, but very many from thirty
to fifty and even higher. Grain, which before the War cost 31 crowns,
costs now 500 crowns; corn has passed from 17 to 220 and 250 crowns.
A kilogram of rice, which used to cost 70 centimes, can be found now
only at 80 crowns. Sugar, coffee and milk are at prices which are
absolutely prohibitive.

Of the financial situation it is almost useless to speak. The
documents presented to the Conference of Brussels are sad evidence,
and a sure index is the course of the crown, now so reduced as to have
hardly any value in international relations. The effective income is
more than a fourth part of the effective expenses, and the rest is
covered especia