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 might even now see light shining on the horizon. It would do him—it would do us all—good to meditate closely on the probable state of Europe had Germany triumphed. The "hidden currents" of which we are warned may be sweeping us on a reef; but the most imminent and most appalling calamity has been averted. "Events are wonderful things," and we may yet come to believe with Froissart, lover of brave deeds and honourable men, that "the most profitable thing in the world for the institution of human life is history."