The Independent . THE HARM OF A GERMAN VICTORY IF Germany and her allies should win the Great Warit is improbable that very much territory would ac-tually change hands or that indemnities would beexacted which would outweigh the cost of continuingthe war another year or two. Even the conquered landsmight find a partial compensation for the loss of politi-cal independence in improved administration and en-larged industrial opportunities; especially if annexa-tions were made in eastern Europe at the expense ofRussia and the Balkan kingdoms. Of course the influ-ence of Germany and Austria would t
The Independent . THE HARM OF A GERMAN VICTORY IF Germany and her allies should win the Great Warit is improbable that very much territory would ac-tually change hands or that indemnities would beexacted which would outweigh the cost of continuingthe war another year or two. Even the conquered landsmight find a partial compensation for the loss of politi-cal independence in improved administration and en-larged industrial opportunities; especially if annexa-tions were made in eastern Europe at the expense ofRussia and the Balkan kingdoms. Of course the influ-ence of Germany and Austria would thenceforth dom-inate the diplomacy of the world, but why should en-lightened neutrals, little concerned about the fine pointsof prestige and the balance of power, trouble them-selves about that? The answer is plain to the student of history. Everypolitical event which has taken place since the organ-ization of the national states in the fifteenth and six-teenth centuries has depended upon the attitude of avery few
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