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CHAPTER I.

EUROPE AFTER THE FIRST l8 MONTHS OF WAR.

At the Mansion House Banquet, on the gth of November 1914, the Prime Minister of Great Britain and Ireland declared, amongst many other matters of great importance, that England would not sheathe her sword, until Belgium had recovered all that she had sacrificed; until France was adequately secured; until the rights of the small nations were set upon an unassailable foundation, and until the military domination of Prussia was fully and finally destroyed.

It is impossible to exaggerate the importance of this weighty utterance. Those words were spoken in the name of the British Empire, which of all belligerents is the one whose ressources are unimpaired, and much greater than those of any of the Allies. They were spoken by a British liberal, by a man, moreover, who has struck his own countrymen, and the world at large, by the coolness and by the deliberation of his judgment.

It would be an insult to men like Mr. Asquith and his colleagues to doubt their word, to doubt the steadfastness of their purpose. But the world at large,

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