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Updated: May 7, 2025
Workingmen are in receipt of wages never approached in pre-war times, many of them making incomes a good deal higher than the average professional man, while the profits of business, generally speaking, are rather on a declining scale and certain branches of business have been brought virtually or even completely to a standstill.
But the statement in the text goes far enough for the purpose of my argument. It has been estimated that the cession of territory to France, apart from the loss of Upper Silesia, may reduce Germany's annual pre-war production of steel ingots from 20,000,000 tons to 14,000,000 tons, and increase France's capacity from 5,000,000 tons to 11,000,000 tons.
When we consider sale, we are confronted with the fact that our present ships were built under expensive conditions of war, costing from three to four times per ton the pre-war amount, and that already any merchant, subject to the long time of delivery, can build a ship for seventy-five per cent of their cost.
Now, a critical attitude towards Peggy, whose presence was a proof of her splendid loyalty, seemed hateful. But there was something wrong all the same. Something wrong in Peggy herself that put her into opposition. In one aspect, she was the pre-war Peggy, with her cut-and-dried little social ambitions and her definite projects of attainment; but in another she was not.
Germany's pre-war investments in Russia outside Government securities have been estimated at $475,000,000, which is much lower than would be expected, and in 1906 Sartorius v. Waltershausen estimated her investments in Russian Government securities at $750,000,000. This gives a total of $1,225,000,000, which is to some extent borne out by the figure of $1,000,000,000 given in 1911 by Dr.
Perhaps the most ambitious of these efforts was contained in a paper on "Wealth and Income of the Chief Powers" read before the Royal Statistical Society. Mr. Gottlieb estimates the pre-war national wealth of Great Britain, France, Italy, Japan, Russia, Belgium, Germany, Austria-Hungary, Turkey and Bulgaria at 366,100 million dollars.
At odd times I have been recipient of K.'s reveries but always, always, he has rejected with a sort of horror the idea of being War Minister or Commander-in-Chief. Now by an extreme exercise of its ironic spirit, Providence has made him both. In pre-war days, when we met in Egypt and at Malta, K. made no bones about what he wanted. He wanted to be Viceroy of India or Ambasssador at Constantinople.
He had never been a mystic, but during the cataclysmic hours through which men were living, many of them stunned into half blindness and then shocked into an unearthly clarity of thought and sight, he had come upon previously unheard of signs of mysticism on all sides. People talked most of them blunderingly of things they would not have mentioned without derision in pre-war days.
And presently, beyond the great military camp of pre-war days, you begin to mount into a region of chalk hills, barren and lonely enough before the war, and now transformed by the war into a scene which almost rivals the Ypres salient and Verdun itself in tragic suggestiveness. Standing in the lonely graveyard of Mont Muret, one looks over a tortured wilderness of trenches and shell-holes.
In certain feminine details the West End can be eclipsed both by modern Madrid and Bucharest, while Paris remains where she has ever been, the inventor of feminine fashion and the alluring City of Light. In Madrid to-day one has all the pre-war prosperity combined with post-war extravagance.
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