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Men are apt to forget to-day that the financial accommodation which allowed China to liquidate the Japanese war-debt was a remarkable transaction in which Russia formed the controlling element. In 1895 the Tsar's Government had intervened for precisely the same motives that animate every State at critical times in history, that is, for reasons of self- interest.

The Putiloff works, which before the war were nearly falling into German hands and have since been supplying munitions for the Tsar's army, were stricken with creeping paralysis, against which exhortations and threats were vain, and finally they had to be sequestrated by the State.

It is a mere matter of time till Persia is the Tsar's territory, and then they may begin to think about invasion." "You think the northern road impossible! I suppose you ought to know." "I do, and I have some reason for my opinion. I know Afghanistan and Chitral as few Europeans know it." "But what about Bardur, and this Kashmir frontier?

Natasha filled a cup and passed it to him, and he went on "You remember what I said to Tremayne in the Princess's sitting-room at Petersburg about the eagle and the crows just before the trial of the Tsar's first war-balloon. Well, if you like to spend a couple of hours with me in the conning-tower as soon as it is dark enough for us to descend, I will show you what I meant then.

"Colonel Alexandrovitch, in command of the Tsar's aërial squadron, surrenders unconditionally, save for guarantee of personal safety to himself and his men," reported Mazanoff, as he came within earshot of the flagship. "Very good," replied Arnold from the deck of the Ithuriel.

The Tsar's august colleagues entered fully into the sporting spirit in which he had made his proposal, and a verbal agreement to suspend all hostilities till his return was ratified in a glass of His Majesty of Austria's Imperial Tokay. Although the Tsar had made trips with John Castellan in the Flying Fish, he had never had quite such an aërial experience as his trip to Greenwich.

The Khan seemed to have made no use whatever of the many inclosed gardens in the vicinity of the city during the Russian advance, as, if he had, and firmly contested each yard of soil, I much doubt whether the Tsar's troops could have ever entered the city.

In brief, whenever the Tsar's subjects had anything to sell to the foreigner or to buy from him, their first step was to go in search of a German, through whom the sale or purchase might be effected. In domestic economics the same phenomenon was everywhere noticeable.

Everyone in Germany was convinced that Russia was preparing for war. The Tsar's pacificist ideas were of no importance whatever. In absolute monarchies it is an illusion to think that the sovereign, though apparently an autocrat, acts in accordance with his own views.

Even at the Tsar's table these rivalries sometimes produced unseemly incidents, for it was almost impossible to arrange the places so as to satisfy all the guests. In one recorded instance a noble who received a place lower than that to which he considered himself entitled openly declared to the Tsar that he would rather be condemned to death than submit to such an indignity.