e of Upper
Silesia.

What has been said about the armies is true also about the fleets.
There is a race towards the increase of naval armaments. If first that
was the preoccupation of the conquered, now it is the preoccupation of
the conquerors in the exchange of doubts into which they have fallen
after the War.

The state of mind which has been created between Great Britain, the
United States of America and Japan deserves to be seriously examined.
The race for naval armaments into which these three countries entered
not many months ago, and the competition between the two great
Anglo-Saxon people, cannot be other than very damaging for
civilization.

The Great War which has been fought was at bottom the fight between
the Germanic race and the Slav race; it was the doubts in regard to
the last and not in regard to France which pushed Germany to war and
precipitated events. The results of the Continental War, however, are
the suppression of Germany, which lost, as well as of Russia, which
had not resisted, and France alone has gathered the fruits of the
situation, if they can be called that, from amongst the thorns which
everywhere surround the victory.

But the War was decided, above all, by the intervention of the
Anglo-Saxon people, Great Britain, her Dominions, and the United
States of America. Nothing but the small political intelligence of the
German statesmen could have united in the same group the peoples
who have the greatest contrast of interests among themselves--Great
Britain, Russia, the United States of America, Japan, France and
Italy.

But now the situation of Europe and especially that of Asia is
creating fresh competitions, the expenses for the navies, according to
the figures of the various Budgets from 1914 to 1921, have risen in
the United States of America from 702 millions of lire to 2,166, in
Great Britain from 1,218 millions to 2,109, in Japan from 249 millions
to 1,250, in France from 495 millions to 1,083, in Italy from 250
millions to 402. The sums proposed for new constructions in the year
1921-22 are 450 millions in the United States of America, 475 millions
for Great Britain, 281 millions for Japan, 185 millions for France,
and 61 millions for Italy.

The United States of America and Great Britain are countries of great
resources: they can stand the effort. But can Japan, which has but
limited resources, support these for any length of time? or has she
some immediate intentions?