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 much more decisive than had previously been believed. Of course, I entertained the greatest anxiety of its effect upon America's attitude, and I did not let this anxiety pass unstated. Tisza also counted upon the intervention of America, but he pointed to the hope expressed in military circles that the war would be decided in European theatres of war before America could organize her army and before she was able, in view of the difficulty of the submarines, to send her forces to the Continent. He seemed to be more afraid of the moral effect of the intervention of the great Republic, and he feared especially the possibility that such European States would follow the example of America which were closer to the scene of action. He did not expect the submarines to bring about so sudden a collapse of England as the more sanguine members of the Admiralty of our nation expected. But in personal conversation with me he supported the view that the U-boats would exercise a decisive influence in the European theatre of war, because they would make the transport of troops and the arming of our enemies so much more difficult. It seems that even he expected a final victory in the French theatre of war as the result of this action.

However, these conversations proved themselves to be inaccurate. Our enemies retained their liberty of movement, and the Anglo-French front could not be broken down, nor could England be starved. America brought her troops at the right time, and with enormous power, to Europe, without making it impossible to supply the Entente with all necessities. The war was