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 and valuable property. The whole world felt that this was not done to a particular person, but that it was symbolic of the murder of the representative of the Monarchy. The whole world was aware that this murder had not been done by isolated fanatics, but that it was the result of the glowing hatred of a community—a hatred which had been heaped with the glowing coals of the official policy of the Serbian state. For this reason it was natural, and met with universal satisfaction, that the Monarchy decided to call Serbia to account and force her at all costs to disarm. The fact that the shot was fired by a Bosnian subject on Bosnian territory alters nothing in the situation; for this Bosnian was of Serbian nationality, pursued Serbian policy, and was the tool of an impulse that emanated from Serbia, and he wished to act in Serbia's interest. If the Entente point out that the life of the Czar had often been endangered by intrigues to murder him which were hatched on foreign territory, and that the President of the French Republic, Carnot, was assassinated by an Italian, and that, further, neither Russia nor France demanded satisfaction from those countries where the plot was originated, I reply that, although this is true, it does not prove anything because, in the case of Serajevo, the situation was different from any other. Generally it has been a question of anarchistic murders and not those perpetrated for national reasons and committed in pursuance of the antagonistic policy of a neighbouring state. The other assassinations referred to were not perpetrated