The present policy of Germany is a curious mixture of underhand diplomacy and boastful threats. If she desires to impress the neutral States, she vaunts the great conquests that she has been able to accomplish. She points out, especially to Roumania and to Greece, how terrible is her vengeance on States which defy her, such as Belgium and Serbia, while vague promises are given to her Near-Eastern Allies—Bulgaria and Turkey—that they will have large additions to their territory as a reward for compliance with the dictates of Berlin.

But, on the other hand, it is very clear that, as part and parcel of this vigorous offensive, Germany is already in more quarters than one suggesting that she is quite open to offers of peace. As every one knows, Von BÜlow in Switzerland is the head and controlling agent of a great movement in the direction of peace; while lately we have heard of offers made to Belgium that if she will acknowledge a commercial dependence on the Central Empires her territory will be restored to her. Similar movements are going on in America, because throughout Germany still seeks to pose as a nation which was attacked and had to defend herself, and is therefore quite ready to listen if any reasonable offers come from her enemies to bring the war to a close.

The unhappy German Imperial Chancellor has to play his part in this sorry comedy with such skill as he can manage. To his German countrymen he has to proclaim that the war has been one brilliant progress from the start to the present time. This must be done in order to allay the apprehensions of Berlin and to propitiate the ever-increasing demand for more plentiful supplies of food. Secretly he has to work quite as hard to secure for the Central Empires such a conclusion of hostilities as will leave them masters of Europe. And, without doubt, he has to put up with a good many indignities in the process. "The worst of it is, I must always deny having been there." Kicked out by the Allies, he has to pretend that no advances were ever made. Perhaps, however, such a task is not uncongenial to the man who began by asserting that solemnly ratified treaties were only "scraps of paper."

W. L. COURTNEY.