n the greater part of northern and southern
Albania has been practically in a state of anarchy.

The settlement of the Balkans described in this article will probably
last for at least a generation, not because all the parties to the
settlement are content, but because it will take at least a generation
for the dissatisfied States to recuperate. Bulgaria is in far worse
condition than she was before the war with Turkey. The second Balkan
war, caused by her policy of greed and arrogance, destroyed 100,000 of
the flower of her manhood, lost her all of Macedonia and eastern
Thrace, and increased her expenses enormously. Her total gains, whether
from Turkey or from her former allies, were but eighty miles of
seaboard on the Aegean, with a Thracian hinterland wofully depopulated.
Even railway communication with her one new port of Dedeagatch has been
denied her. Bulgaria is in despair, but full of hate. However, with a
reduced population and a bankrupt treasury, she will need many years to
recuperate before she can hope to upset the new arrangement. And it
will be hard even to attempt that; for the _status quo_ is founded upon
the principle of a balance of power in the Balkan peninsula; and
Roumania has definitely announced herself as a Balkan power. Servia,
and more particularly Greece, have made acquisitions beyond their
wildest dreams at the beginning of the war and have now become strong
adherents of the policy of equilibrium.

The future of the Turks is in Asia, and Turkey in Asia just now is in a
most unhappy condition. Syria, Armenia, and Arabia are demanding
autonomy; and the former respect of the other Moslems for the governing
race, _i.e._, the Turks, has received a severe blow. Whether Turkey can
pull itself together, consolidate its resources, and develop the
immense possibilities of its Asiatic possessions remains, of course, to
be seen. But it will have no power, and probably no desire, to upset
the new arrangement in the Balkans.

The settlement is probably a landmark in Balkan history in that it
brings to a close the period of tutelage exercised by the great Powers
over the Christian States of the Balkans. Neither Austria-Hungary nor
Russia emerges from the ordeal with prestige. The pan-Slavic idea has
received a distinct rebuff. To Roumania and Greece, another non-Slavic
State, _i.e._, Albania, has been added; and in no part of the peninsula
is Russia so detested as in Bulgaria which unreasonably protests