GERMANY JUSTIFIES THE DEED
German Official Report 424
Britain's Denial 424
Collector Malone's Denial 424
German Foreign Office Note on Neutrals 425
Dr. Dernburg's Defense 426

GERMAN PRESS OPINION
Comment in Germany and Austria 427
German-American Press Comment 430

FALABA, CUSHING, GULFLIGHT
Case of the Falaba 433
Case of the Cushing 434
Case of the Gulflight 435

AIM OF GERMAN SUBMARINE WARFARE 436
By Professor Flamm of Charlottenburg

THREE SPEECHES BY PRESIDENT WILSON
"AMERICA FIRST"--Address to the Associated Press 438
"HUMANITY FIRST"--Address at Philadelphia 441
"AMERICA FOR HUMANITY"--Address at the Fleet Review in New York 443

TWO EX-PRESIDENT'S VIEWS
Mr. Roosevelt Speaks 444
Mr. Taft Speaks 446

PRESIDENT WILSON'S NOTE 447