, that is to say, the final triumph of the
Austro-German arms. If the Bulgarian Government had left prejudices to
one side and looked clearly at the events, they would not have been
slow to understand that from the moment England stepped into the war
and Italy abandoned her allies, the Austro-German alliance politically
lost the game. Each passing day diminishes more and more the hopes of
success of the Dual Alliance, and permits England and Russia to expand
their inexhaustible forces. It is not difficult to foresee from now
the terms of peace that England and Russia will impose. Any policy
which expects to profit from the defeat of these two powers is doomed
to failure, and because such is the policy of the Bulgarian
Government, we think that it is against the interests of the country.

This policy, among its other disadvantages, opens forever a gap
between little Bulgaria and great Russia, which power, even if
defeated, will never cease to play an active part in the Balkans.
Against this policy, which is risking much to obtain little, we
propose the policy of coming to an agreement with the Triple Entente,
on the basis of a Bulgarian neutrality favorable to it, which surely
and without sacrifices is expected to bring to us greatest results.
The only thing that the powers of the Triple Entente are demanding
from us is to open negotiations with them. This does not abolish our
neutrality, because other States, too, such as Italy, Rumania, Greece,
and Turkey, are negotiating at the present time.

BALKAN ALLIANCE OPPOSED.

_An editorial article which appeared in the Bulgarian paper Volja of
the Stamboulovist Party, on Dec. 20, 1914, appears below._

The question has been raised whether in reality negotiations are being
conducted between the Balkan States, that is to say, Bulgaria and
Servia, Greece and Bulgaria, Bulgaria and Rumania. How much of this is
true?

Such negotiations are not being conducted, neither do we believe that
it is possible for them to exist, because we do not know what our
neighbors demand from us. The only true part of this story is that the
powers of the Triple Entente are endeavoring to drag into the war
Greece, Bulgaria, and Rumania, a thing that would be not only
profitable to them, but even necessary for these same powers of the
Triple Entente.

And as long as Bulgaria is not any longer inhabited by imbeciles, who
will undertake once more a war for the promotion of the glory and the
int