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 when not only the East, but all the now undeveloped countries, confront, with surplus products in their hands, the old industrial nations, capitalistic production will have attained its maximum development.

But before that time must intervene a period which bids one pause for breath. A new romance, like unto none in all the past, the economic romance, will be born. For the dazzling prize of world-empire will the nations of the earth go up in harness. Powers will rise and fall, and mighty coalitions shape and dissolve in the swift whirl of events. Vassal nations and subject territories will be bandied back and forth like so many articles of trade. And with the inevitable displacement of economic centres, it is fair to