organization of the country.

The industrial interests desire a war to the finish, and they say:

"Let the Government know how to cultivate in the future among the people
the conviction that the war will be brought to an end, then the task of
finding the means for carrying on the campaign will be greatly
facilitated; for no sacrifice is too great for us for the overthrow of
the economic yoke of Germany and for the conquest of economic
independence. Nothing but strong will and determination are needed."

The Council of Industrial Conventions is a permanent
organization corresponding roughly to the executive board of
the National Manufacturers' Association of the United States.
All big industrial interests, like the mining companies, the
textile manufacturers, iron manufacturers, are represented in
the council.--Translator.

A Russian Financial Authority on the War

[Russkia Vedomosti, No. 167, July 22, (Aug. 4,) 1914, P. 4.]

_Prof. Migoulin, member of the Council of the Russian Ministry
of Finance and the author of several works on Russian
indebtedness, in his article, published immediately after the
beginning of the war and evidently written before the position
of Italy had become known, thus sums up the war situation:_

The moment for the declaration of war has been well chosen and carefully
planned by Germany and Austria. Russia had her hands full with the
numerous labor strikes and poor crops in certain parts of the country.

England had her troubles with the Ulsterites, and the President of
France was absent from his country when the Austrian ultimatum was
handed to Servia.

Austria had already mobilized large numbers of her troops in Bosnia
under the pretext of manoeuvres, Italy had a partial mobilization, and
Germany was preparing herself for a grand army show.

The German strategists are looking for a brief campaign. But they are
mistaken. Even with the capture of Petrograd the war will have barely
begun, for Petrograd is only the frontier of Russia.

Our troops are numerous and well equipped. The vastness of our country,
her poor roads, and her severe climate are her defenses. The French
frontier is strongly fortified. A quick surrender is unthinkable, and
there is no reason for surrender, for the war will continue to the
bitter end.

But a long campaign threatens Germany. She is a country with highly
developed industry and with a tre