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But, victorious, it looked to the enemy for the means of refunding the cost of the war. The Finance Minister M. Klotz often declared to private individuals that if the Allies were victorious he would have all the new national debt wiped out by the enemy, and he assured the nation that milliards enough would be extracted from Germany to balance the credit and debit accounts of the Republic.

Before the armistice, M. Klotz, when talking of the complex problem and sketching the outlook, exclaimed: "If we win the war, I undertake to make both ends meet, far though they now seem apart. For I will make the Germans pay the entire cost of the war." After the armistice he repeated his promise and undertook not to levy fresh taxation.

The next day the censor read my story and said to Lieutenant Frechet and Major Klotz: "But I insist this goes at once. It should have been sent twenty-four hours ago." Than the courtesy of the French officers nothing could have been more correct, but I submit that when you earnestly wish to help a man to have him constantly put you in prison is confusing.

M. Klotz propose de mettre en tête de cette addition les mots: "Sous réserve de toutes revendications et restaurations ultérieures de la part des Alliés et des Etats-Unis." Il est ainsi décidé.

This procedure was not what reasonably might have been expected from the leader of a heroic nation stout-hearted enough to face unpleasant facts. Some of the leading spirits in the country, despite the intensity of their feelings toward Germany, disapproved this kind of bookkeeping, but M. Klotz did not relinquish his method of keeping accounts.

The British experts, Sumner and Cunliffe, continued to encourage Lloyd George in his belief that Germany could afford to pay something in the neighborhood of a hundred billion dollars, and the French Finance Minister, Klotz, was equally optimistic. At first, accordingly, Allied demands on Germany seemed likely to be fantastic.

JAPAN, expenses of her navy, Jews, Polish, Judenic, General, Jugo-Slavia, acquires Bulgarian territory, army of, financial position of, Magyars in, Julius Caesar as politician, KANT, Emanuel Kautsky, published documents of Keynes, John Maynard, and inter-Allied debts and the Paris Conference author's admiration for represents English Treasury at Paris Conference the indemnity question and true forecasts of Klagenfurth, a plebiscite for Klotz, and the indemnity Koltchak, Admiral Konigsberg, the home of Emanuel Kant Kowno claimed by Poles

While he is altogether too full upon certain points of merely transitory importance, such as the quarrel with Klotz, yet we are bound to thank him both for the abundance of his extracts from Lessing, and for the judgment he has shown in the choice of them.

There is no guarantee that Europe will put financial assistance to proper use, or that she will not squander it and be in just as bad case two or three years hence as she is in now; M. Klotz will use the money to put off the day of taxation a little longer, Italy and Jugo-Slavia will fight one another on the proceeds, Poland will devote it to fulfilling towards all her neighbors the military rôle which France has designed for her, the governing classes of Roumania will divide up the booty amongst themselves.

Whatever were Professor Watson's personal qualifications, however, the long list of eminent astronomers who were his pupils during the years from 1863 to 1879 are ample evidence of his genius, for they include such names as those of his successor Professor Harrington, '68, Otto J. Klotz, '72e, of the Observatory of the Dominion of Canada, Monroe B. Snyder, '72, Director of the Philadelphia Observatory, Robert Simpson Woodward, '72e, President of the Carnegie Institution, John M. Schaeberle, '76e, Astronomer in the Lick Observatory from 1888 to 1897, and George Cary Comstock, '77, Director of the Observatory of the University of Wisconsin.