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 enforce the payment of these indemnities foreign commissions would seize all German capital invested in former enemy or neutral states, and would keep armed forces on the Rhine ready to march at any time, years after the conclusion of peace, into the heart of Germany. The German people might work, but not for themselves. They had freed themselves of their own tyrants, but were to be subject to an international tyranny depriving them of all hope of gradual recovery from the ruin of defeat. On the West and on the East, Austria was to be hemmed in by new States formed out of her own flesh-and-blood under the domination of hostile races. She was to be maimed and strangled. The Fourteen Points to which the Allies had pledged themselves before the Armistice had been abandoned utterly, and Wilson's promise of a peace which would heal the wounds of the world had been replaced by a peace of vengeance which would plunge Central Europe into deep gulfs of misery, despair, and disease. That, at least, was the German point of view.

"They're stunned," said Brand. "They knew they were to be punished, and they were willing to pay a vast price of defeat. But they believed that under a Republican Government they would be left with a future hope of progress, a decent hope of life, based upon their industry. Now they have no hope, for we have given them a thin chance of reconstruction. They are falling back upon the hope of vengeance and revolt. We have prepared another inevitable war when the Germans, with the help of Russia, will strive to break the fetters we have fastened on them. So goes the only purpose for which most of us fought this war, and all our pals have died in vain."

He stopped in the street and beat the pavement with his stick.