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.
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