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length, and runs north arid south round the great bulk of the central mountain, so that in time, when we put up a circular railway, we can bring, at a merely nominal cost, all sorts of material up or down. It is on this level that we have built the great factories for war material. We are tunnelling into the mountains, where are the great deposits of coal. We run the trucks in and out on the level, and can get perfect ventilation with little cost or labour. Already we are mining all the coal which we consume within our own confines, and we can, if we wish, within a year export largely. The great slopes of these tunnels give us the necessary aid of specific gravity, and as we carry an endless water-supply in great tubes that way also, we can do whatever we wish by hydraulic power. As one by one the European and Asiatic nations began to reduce their war preparations, we took over their disbanded workmen though our agents, so that already we have a productive staff of skilled workmen larger than anywhere else in the world. I think myself that we were fortunate in being able to get ahead so fast with our preparations for war manufacture, for if some of the "Great Powers," as they call themselves, knew the measure of our present production, they would immediately try to take active measures against us. In such case we should have to fight them, which would delay us. But if we can have another year untroubled, we shall, so far as war material is concerned, be able to defy any nation in the world. And if the time may only come peacefully till we have our buildings and machinery complete, we can prepare war-stores and implements for the whole Balkan nations. And then--But that is a dream. We shall know in good time. In the meantime all goes well. The cannon foundries are built and active. We are already beginning to turn out finished work. Of course, our first guns are not very large, but they are good. The big guns, and especially siege-guns, will come later. And when the great extensions are complete, and the boring and wire-winding machines are in working order, we can go merrily on. I suppose that by that time the whole of the upper plateau will be like a manufacturing town--at any rate, we have plenty of raw material to hand. The haematite mines seem to be inexhaustible, and as the raising of the ore is cheap and easy by means of our extraordinary water-power, and as coal comes down to the plateau by its
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