"He did not give any indication whether the project of a
_demarche_ [proceeding] at Belgrade, with which all the papers of
both hemispheres are full, would be followed up."

The virulence of the Hungarian press has diminished, and the papers
are unanimous in advising against this step, which might be
dangerous.

"The semiofficial press especially would desire that for the word
'_demarche_,' with its appearance of a threat, there should be
substituted the expression '_pourparlers_' [conversations],
which appears to them more friendly.

"The general public, however, fears war. It is said that every
day cannon and ammunition were being sent in large quantities
toward the frontier.... The Government, whether it is sincerely
desirous of peace, or whether it is _preparing a coup_, is now
doing all that it can to allay these anxieties.... Their optimism
to order is, in fact, without an echo; the nervousness of the
Bourse, a barometer which cannot be neglected, is a sure proof of
this; without exception, stocks have fallen to an unaccountably
low level."

On July 14, 1914, Dr. M. Yovanovitch, Serbian Charge d'Affaires at
Berlin, telegraphed to M. Pashitch, Prime Minister at Belgrade, that
Herr von Jagow, German Secretary of State, had told him that
Austria-Hungary, as a great power, could not tolerate the
provocative attitude of the Serbian press.

On the same day M. Yov. Yovanovitch, Serbian Minister at Vienna,
wrote M. Pashitch that the Literary Bureau of the Austro-Hungarian
Foreign Office, which supplied the press with material and set its
tone, was exciting opinion against Serbia. Official German circles
in Vienna were especially ill disposed toward Serbia. The "Neue
Freie Presse," under instructions from the Vienna Press Bureau,
summarized the feeling:

"We have to settle matters with Serbia by war; it is evident that
peaceable means are of no avail. And if it must come to war
sooner or later, then it is better to see the matter through now.

"The Bourse is very depressed. There has not been such a fall in
prices In Vienna for a long time."

On the same day, July 14, 1914, M. Pashitch sent two letters to all
the foreign Serbian Legations.

In the first letter he gave specific illustrations of misinformation
by the Austro-Hungarian press such as that Austro-Hungarian subjects
were maltreated in Belgrade, an