July 9. Results of Austro-Hungarian investigation into the Servian crime
laid before the Emperor.

July 13, 14. Serious disclosures about condition of French army.

July 13, 14, 15, 16. Heavy selling of Canadian Pacific Railway Shares,
especially by Berlin operators.

July 16. Count Tisza, the Hungarian Premier, speaking in the Hungarian
Chamber, describes war as a sad _ultima ratio_, 'but every state and
nation must be able and willing to make war if it wishes to exist as a
state and a nation.'

The _Times_ leading article 'Austria-Hungary and Servia' is commented on
in Berlin as an 'English warning to Servia.'

July 19. The King summons a conference to discuss the Home-Rule problem.

July 21. The _Frankfurter Zeitung_ warns Austria-Hungary of the folly of
its campaign against Servia.

July 23. Thursday. Austria presents her Note to Servia giving her 48
hours in which to accept.

July 24. Friday. Russian Cabinet Council held. The Austro-Hungarian
demands considered as an indirect challenge to Russia.--Strike at St.
Petersburg.

Failure of the conference on Home Rule.