and $1,700,000,000 of war loan is rolling into the British Treasury, a
sum one half the national debt of England and nearly twice the national
debt of the United States.

If necessary, the number of men in arms will be doubled to 4,000,000
and the enormous subscription just made to England's war loan will be
doubled and quadrupled.

The life of the empire as respects money and men is at stake, and no
sacrifice is too great. If treaties are "scraps of paper" and neutral
states are to have no rights or protection, there is no safety in the
world, no sacredness of contracts; the world is at an end and chaos
reigns.




CHAPTER IV

PEACE PROPOSALS

The Bagdad Railroad--The English Oil Concession--The German Alliance
with Turkey--Austria the Hand of Germany--The Decay of Turkey--The New
Map.


How ridiculous are American peace proposals concerning the Audacious
War of 1914 may be judged from this announcement which I am able to
make:--