Not that it was possible for us by military means to prevent the occupation of the Ruhr. Only a madman could have recommended such a decision. But under the impression produced by the action which France had taken, and during the time that it was being carried out, measures could have been, and should have been, undertaken without any regard to the Versailles Treaty, which France herself had violated, to provide those military resources which would serve as a collateral argument to back up the negotiations later on. For it was quite clear from the beginning that the fate of this district occupied by the French would one day be decided at some conference table or other. But it also must have been quite to everybody that even the best negotiators could have little success as long as the ground on which they themselves stood and

the chair on which they sat were not under the armed protection of their own people. A weak pigmy cannot contend against athletes, and a negotiator without any armed defence at his back must always bow in obeisance when a Brennus throws the sword into the scales on the enemy's side, unless an equally strong sword can be thrown into the scales at the other end and thus maintain the balance. It was really distressing to have to observe the comedy of negotiations which, ever since 1918, regularly preceded each arbitrary dictate that the enemy imposed upon us. We offered a sorry spectacle to the eyes of the whole world when we were invited, for the sake of derision, to attend conference tables simply to be presented with decisions and programmes which had already been drawn up and passed a long time before, and which we were permitted

to discuss, but from the beginning had to be considered as unalterable. It is true that in scarcely a single instance were our negotiators men of more than mediocre abilities. For the most part they justified only too well the insolent observation made by Lloyd George when he sarcastically remarked, in the presence of a former Chancellor of the REICH, Herr Simon, that the Germans were not able to choose men of intelligence as their leaders and representatives. But in face of the resolute determination and the power which the enemy held in his hands, on the one side, and the lamentable impotence of Germany on the other, even a body of geniuses could have obtained only very little for Germany.

In the spring of 1923, however, anyone who might have thought of seizing the opportunity of the French invasion of the Ruhr to reconstruct the military power of Germany would first have had to restore to the nation its moral weapons, to reinforce its will-power, and to extirpate those who had destroyed this most valuable element of national strength.

Just as in 1918 we had to pay with our blood for the failure to crush the Marxist serpent underfoot once and for all in 1914 and 1915, now we have to suffer retribution for the fact that in the spring of 1923 we did not seize the opportunity then offered us for finally wiping out the handiwork done by the Marxists who betrayed their country and were responsible for the murder of our people.

swindlers, as the dearest and most sacred national treasure and proclaimed their persons to be inviolable. Indeed it would be hard to say what is the most outstanding feature of these bourgeois circles: mental debility, moral weakness and cowardice, or a mere down-at-heel mentality. It is a class that is certainly doomed to go under but, unhappily, it drags down the whole nation with it into the abyss.