The great German war-lord prepared, and so did the United States prepare.
The war-cloud hovered dark and ominous.

The stage was set for a world-catastrophe, for in all the world were hard times, labor troubles, perishing middle classes, armies of unemployed, clashes of economic interests in the world-market, and mutterings and rumblings of the socialist revolution.* * For a long time these mutterings and rumblings had been heard.

As far back as 1906 A.D., Lord Avebury, an Englishman, uttered the following in the House of Lords: "The unrest in Europe, the spread of socialism, and the ominous rise of Anarchism, are warnings to the governments and the ruling classes that the condition of the working classes in Europe is becoming intolerable, and that if a revolution is to be avoided some steps must be taken to increase wages, reduce the hours of labor, and lower the prices of the necessaries of life." The Wall Street Journal, a stock gamesters' publication, in commenting upon Lord Avebury's speech, said: "These words were spoken by an aristocrat and a member of the most conservative body in all Europe.

That gives them all the more significance.

They contain more valuable political economy than is to be found in most of the books.