The Carnegie Peace Foundation is circulating photographs showing the atrocities in the Bulgarian wars.

It might be much more timely for them to circulate photographs showing the horrors and atrocities of human sacrifice in this most audacious war.
Previous chapters have shown how German diplomacy slipped, how the German secret service had gathered the facts of the military, financial, and political weaknesses of Russia, Great Britain, and France, yet with no ability to value properly the spirit of the peoples behind this military unpreparedness.

Germany has been described as "System without Soul." It remains only to show the relative weaknesses of Germany, and why she cannot win this war.
The Allies can reach round the world for men, war-supplies, and financial assistance.

Germany can get no more men, no more gold, no more outside war-supplies.

She must manufacture and be self-sustaining.
In the first six months of the war Germany has raised a loan of 4,400,000,000 marks, or about 1,100,000,000 dollars, promptly and patriotically taken by her people.
But international bankers inform me that every dollar of this and fifty percent more was gone before January 1, 1915.