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chedule in the Balkans were those loaded with Swiss goods and belonging to the Swiss Government. In crossing Southern Hungary we passed at least half-a-dozen of them, they being readily distinguished by a Swiss flag painted on each car. Each train, consisting of forty cars, was accompanied by a Swiss officer and twenty infantrymen--finely set-up fellows in _feldgrau_ with steel helmets modeled after the German pattern. Had the trains not been thus guarded, I was told, the goods would never have reached their destination and the cars, which are the property of the Swiss State Railways, would never have been returned. It is by such drastic methods as this that Switzerland, though hard hit by the war, has kept the wheels of her industries turning and her currency from serious depreciation. I have rarely seen more hopeless-looking people than those congregated on the platforms of the little stations at which we stopped in Hungary. The Rumanian armies had swept the country clean of livestock and agricultural machinery, throwing thousands of peasants out of work, and, owing to the appalling depreciation of the kroner, which was worth less than a twentieth of its normal value, great numbers of people who, under ordinary conditions, would have been described as comfortably well off, found themselves with barely sufficient resources to keep themselves from want. To add to their discouragement, the greatest uncertainty prevailed as to Hungary's future. In order to obtain an idea of just how familiar the inhabitants of the rural districts were with political conditions, I asked four intelligent-looking men in succession who was the ruler of Hungary and what was its present form of government. The first opined that the Archduke Joseph had been chosen king; another ventured the belief that the country was a republic with Bela Kun as president; the third asserted that Hungary had been annexed to Rumania; while the last man I questioned said quite frankly that he didn't know who was running the country, or what its form of government was, and that he didn't much care. As a result of the decision of the Peace Conference which awarded Transylvania to Rumania and divided the Banat between Rumania and Jugoslavia, Hungary finds herself stripped of virtually all her forests, all her mines, all her oil wells, and all of her manufactories save those in Budapest, thus stripping the bankrupt and demoralized nation of practically all of her resour
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