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Another month would pay for the whole Russo-Japanese War; twelve days would pay for the Boer War, while the cost for three days would dig the Panama Canal. At the beginning of 1918 the war debts of the warring countries will exceed $90,000,000,000, or more than one-fifth the wealth of all the warring nations of Europe.

But, within certain limits, which are laid down by the law of numbers, the true elements of superiority under the present system of gigantic armies are seen to be spiritual and moral strength, and larger masses will be beaten by a small, well-led and self-devoting army. The Russo-Japanese War has proved this once more.

The spreading of the seeds of Greek culture over the then known world by Alexander's conquests, or the fertilizing of Europe with the germs of republican and revolutionary ideas by the armies of Napoleon, or the immense reaction on the mediaeval Christian nations caused by the Crusades, are commonplaces of history; and who to come to quite modern times could have foreseen that the Boer War would end in the present positive alliance between the Dutch and English in South Africa, or that the Russo-Japanese conflict would so profoundly modify the ideas and outlook of the two peoples concerned?

One people will have to respect another people's tradition. The Russo-Japanese War gave men a new vision. The whole world gazed upon a new power in the East one that could be dealt with only upon equal terms. Meanwhile there was unrest in India, and in Africa there were insurrections of increasing bitterness and fierceness. Africa especially had been misrepresented.

I was similarly approached during the Russo-Japanese war. The aid of friendly Indians in the case of massacres and surprises of the whites must not be overlooked. It may be recalled that some Cherokee warriors, returning from Washington's later successful expedition against Fort Duquesne, were murdered in their sleep by white frontiersmen after giving them friendly lodging.

These factors, together with the disastrous Russo-Japanese war, which revealed an appalling state of corruption and incompetency in the government of the country, furnished the revolutionaries with an opportunity which was not to be missed.

He wanted time to establish his power more thoroughly within the country, and to strengthen his army. In regard to external relations, the great powers would have to decide their attitude sooner or later. On the other hand, Britain and France were more and more turning away from Japan, and Russo-Japanese relations were at all times tense.

The activity of a Russian syndicate in Korea had been the more or less direct cause of the Russo-Japanese War; the activity of rival American syndicates in Venezuela had been, but a few years before, productive of serious international complications. In the present instance, both South Americans and Japanese were interested.

Who knows that is the strength of the Russian bear, once he is roused to sullen fury? In the ten years following the Russo-Japanese War Russia had greatly added to her army and navy, and materially cut down the time required for the mobilization of her forces by eliminating many of the difficulties attendant upon transportation and equipment of troops.

According to the same evidence, the wars which have drenched the world with blood and rent it with passion, including racial wars in Asia and Africa, the Franco-Prussian War of 1870, the Russo-Japanese War, and the recent World War, were all brought about deliberately by Jewish cunning, for the purpose of weakening the fabric of non-Jewish states and providing the Jews with new sources of strength and power to be used to establish their universal dominion.