I have given the general lines of the Treaty of Versailles.

The other treaties, far less important, inasmuch as the situation

of all the losing countries was already well defined, especially as

regards territorial questions, by the Treaty of Versailles, are cast

in the same mould and contain no essential variation.

Now these treaties constitute an absolutely new fact, and no one can

affirm that the Treaty of Versailles derives even remotely from the

declarations of the Entente and from Wilson's solemn pledges uttered

in the name of those who took part in the War.

If the terms of the armistice were deeply in contrast with the pledges

to which the Entente Powers had bound themselves before the whole

world, the Treaty of Versailles and the other treaties deriving

therefrom are a deliberate negation of all that had been promised,

amounting to a debt of honour, and which had contributed much more

powerfully towards the defeat of the enemy than the entry in the field

of many fresh divisions.

In the state of extreme exhaustion in which both conquerors and losers

found themselves in 1918, in the terrible suffering of the Germanic

group of belligerents, deprived for four years of sufficient

nourishment and of the most elementary necessaries of life, in the

moral collapse which had taken the place of boasting and temerity, the

words of Wilson, who pledged himself to a just peace and established

its terms, proclaiming them to the world, had completely broken down

whatever force of resistance there still remained. They were the most

powerful instruments of victory, and if not the essential cause,

certainly not the least important among the causes which brought about

the collapse of the Central Empires.

Germany had been deeply hit by the armistice. Obliged to hand over

immediately 5,000 locomotives and 150,000 railway trucks and carriages

at the very time when she had to demobilize, during the first months

she found her traffic almost completely paralysed.

Every war brings virulent germs of revolution in the vanquished

countries. The war of 1870 gave France the impulsive manifestations of

_La Commune_ in exactly the same manner as war gave rise in Germany

during the first months after the armistice to a violent revolutionary

crisis, overcome not without difficulty and still representing a grave

menace.

Forced to surrender immediately a large quantity of live stock, to

demobilize when the best part of her railway material had gone, still

hampered by the blockade, Germany, against the interest of the Allies

themselves, has been obliged to sacrifice her exchange because, in the

absence of sufficient help, she has had to buy the most indispensable

foodstuffs in neutral countries. Her paper currency, which at the

end of 1918 amounted to twenty-two milliard marks, not excessive as

compared with that of other countries, immediately increased with a

growing crescendo till it reached, in a very short time, the figure of

eighty-eight milliards, thus rendering from the very first the payment

of indemnities in gold extremely difficult.

The most skilled men have been thrust into an absolute impossibility

of producing. To have deprived Germany of her merchant fleet, built up

with so much care, means to have deprived the freight market of sixty

thousand of the most skilled, intelligent and hard-working seamen.

But what Germany has lost as a result of the treaty surpasses all

imagination and can only be regarded as a sentence of ruin and decay

voluntarily passed over a whole people.

Germany, without taking into account the countries subject to

plebiscite, has lost 7.5 per cent. of her population. Should the

plebiscites prove unfavourable to her, or, as the tendency seems to

be, should these plebiscites be disregarded, Germany would lose 13.5

per cent. of her population. Purely German territories have been

forcibly wrenched from her. What has been done in the case of the

Saar has no precedents in modern history. It is a country of 650,000

inhabitants of whom not even one hundred are French, a country which

has been German for a thousand years, and which was temporarily

occupied by France for purely military reasons. In spite of these

facts, however, not only have the coal fields of the Saar been

assigned in perpetuity to France as compensation for the damages

caused to the French mines in the North, but the territory of the Saar

forms part of the French customs regime and will be subjected after

fifteen years to a plebiscite, when such a necessity is absolutely

incomprehensible, as the population is purely German and has never

in any form or manner expressed the intention of changing its

nationality.

The ebb and flow of peoples in Europe during the long war of

nationalities has often changed the situation of frontier countries.

Sometimes it may still be regarded as a necessity to include small

groups of alien race and language in different states in order to

ensure strategically safe frontiers. But, with the exception of the

necessity for self-defence, there is nothing to justify what has been

done to the detriment of Germany.

Wilson had only said that France should receive compensation for

the wrong suffered in 1871 and that Belgium should be evacuated and

reconstructed. What had been destroyed was to have been built up

again; but no one had ever thought during the War of handing over to

Belgium a part, however small, of German territory or of surrendering

predominantly and purely German territories to Poland.

The German colonies covered an area of nearly 3,000,000 square

kilometres; they had reached an admirable degree of development and

were managed with the greatest skill and ability. They represented an

enormous value; nevertheless they have been assigned to France, Great

Britain and in minor proportion to Japan, without figuring at all in

the reparations account.

It is calculated that as a result of the treaty, owing to the loss

of a considerable percentage of her agricultural area, Germany is

twenty-five per cent. the poorer in regard to the production of

cereals and potatoes and ten to twelve per cent. in regard to the

breeding of live stock.

The restitution of Alsace-Lorraine (the only formal claim advanced by

the Entente in its war programme) has deprived Germany of the bulk of

her iron-ore production. In 1913 Germany could count on 21,000,000

tons of iron from Lorraine, 7,000,000 from Luxemburg, 138,000 from

Upper Silesia and 7,344 from the rest of her territory. This means

that Germany is reduced to only 20.41 per cent. of her pre-war wealth

in iron ore.

In 1913 the Saar district represented 8.95 per cent. of the total

production of coal, and Upper Silesia 22.85 per cent.

Having lost about eighty per cent. of her iron ore and large stocks

of coal, while her production is severely handicapped, Germany,

completely disorganized abroad after the suppression of all economic

equilibrium, is condemned to look on helplessly while the very sources

of her national wealth dry up and cease to flow. In order to form a

correct estimate of the facts we must hold in mind that one-fifth of

Germany's total exports before the War consisted of iron and of tools

and machinery mostly manufactured with German iron.

If we now consider the fourteen points of President Wilson, accepted

by the Entente as a peace programme, comparing the actual results

obtained by the Treaty of Versailles, we are faced with the following

situation:

1. "_After loyal peace negotiations and the conclusion and signing

of peace treaties, secret diplomatic agreements must be regarded as

abolished_," says Wilson. On the contrary, secret peace negotiations

have been protracted for more than six months, and no hearing was even

granted to the German delegates who wished to expose their views. By a

system of treaties France has created a military alliance with Belgium

and Poland, thus completely cornering Germany.

2. _Absolute freedom of the sea beyond territorial waters_. Nothing,

as a matter of fact, has been changed from the pre-war state of

things; with the difference that the losers have had to surrender

their mercantile fleets and are therefore no longer directly

interested in the question.

3. _Removal of all economic barriers and equality of trade

conditions_. The treaty imposes on Germany terms without reciprocity,

and almost all Entente countries have already adopted protectionist

and prohibitive tariffs.

4. _Adequate guarantees to be given and received for the reduction of

armaments to a minimum compatible with home defence_. The treaties

have compelled the vanquished countries to destroy or to surrender

their navies, and have reduced the standing armies of Germany to

100,000 men, including officers, of Bulgaria to 23,000, of Austria to

30,000 (in reality only 21,000), of Hungary to 35,000. The conquering

states, on the other hand, maintain enormous armies numerically

superior to those which they had before the War. France, Belgium

and Poland have between them about 1,400,000 men with the colours.

Germany, Austria, Hungary and Bulgaria altogether have only 179,000

men under arms, while Rumania alone has 206,000 and Poland more than

450,000 men.

5. _Loyal and straightforward settlement of colonial rights and

claims, based chiefly on the advantage of the peoples directly

concerned_. All her colonies have been taken from Germany, who needed

them more than any other country of continental Europe, having a

density of population of 123 inhabitants per square kilometre (Italy

has a density of 133 per square kilometre) while France has 74, Spain

40, and European Russia before the War had only 24.

6. _Evacuation of all Russian territories and cordial co-operation for

the reconstruction and development of Russia_. For a long time the

Entente has given its support to the military ventures of Koltchak,

Judenic, Denikin and Wrangel, all men of the old regime.

7. _Evacuation and reconstruction of Belgium_. This has been done, but

to Belgium have been assigned territories which she never dreamt of

claiming before the War.

8. _Liberation of French territories, reconstruction of invaded

regions and restitution of Alsace-Lorraine to France in respect of

the territories taken from her in 1871_. France occupies a dominating

position in the Saar which constitutes an absolute denial of the

principle of nationality.

9. _Rectification of the Italian frontier, according to clearly

defined lines of nationality_. As these lines have never been clearly

defined or recognized, the solution arrived at has been distasteful

both to the Italians and to their neighbours.

10. _The peoples of Austria-Hungary to be left free to unite together

or to form autonomous states in the manner best suited to their

development_. As a matter of fact the treaties have taken the greatest

possible number of Germans from Austria and of Magyars from Hungary in

order to hand them over to Poland, to Czeko-Slovakia, to Rumania and

to Jugo-Slavia, namely to populations for the most part inferior to

the Germans.

11. _Evacuation of Rumania, Serbia and Montenegro_. This has been

effected, but whereas the Entente Powers have always proclaimed their

fundamental duty for the reconstruction of Montenegro, they all

contributed to its disappearance, chiefly at the instigation of

France.

12. _A limited sovereignty to the Turkish parts of the Ottoman Empire,

liberation of other nationalities and freedom of navigation in the

Dardanelles placed under international guarantees_. What really

happened was that the Entente Powers immediately tried to possess

themselves of Asia Minor; but events rendered it necessary to adopt

a regime of mandates because direct sovereignty would have been too

perilous an experiment. A sense of deep perturbation and unrest

pervades the whole of Islam.

13. _An independent Polish state with populations undoubtedly Polish

to be founded as a neutral State with a free and secure outlet to the

sea and whose integrity is to be guaranteed by international accords_.

In reality a Polish state has been formed with populations undoubtedly

non-Polish, having a markedly military character and aiming at further

expansion in Ukranian and German territory. It has a population of

31,000,000 inhabitants while it should not exceed 18,000,000, and

proposes to isolate Russia from Germany. Moreover the Free State of

Danzig, practically dependent from Poland, constitutes a standing

menace to Germany.

14. _Foundation of the League of Nations for the sole purpose

of re-establishing order among nations, and laying the basis of

reciprocal guarantees of territorial integrity and political

independence for all states, both great and small_. After more than

two years have elapsed since the conclusion of peace and three since

the armistice the League of Nations is still nothing but a holy

alliance the object of which is to guarantee the privileges of the

conquerors. After the vote of the Senate, deserving of all praise

from every point of view, the United States does not form part of the

League nor do the losing countries, including Germany.

It is therefore obvious that the most solemn pledges on which peace

was based have not been maintained; the noble declarations made by the

Entente during the War have been forgotten; forgotten all the solemn

collective pledges; forgotten and disregarded Wilson's proclamations

which, without being real contracts or treaties, were something far

more solemn and binding, a pledge taken before the whole world at its

most tragic hour to give the enemy a guarantee of justice.

Without expressing any opinion on the treaties it cannot be denied

that the manner in which they have been applied has been even worse.

For the first time in civilized Europe, not during the War, when

everything was permissible in the supreme interests of defence, but

now that the War is over, the Entente Powers, though maintaining

armies more numerous than ever, for which the vanquished must pay,

have occupied German territories, inhabited by the most cultured,

progressive and technically advanced populations in the world, as an

insult and a slight, with coloured troops, men from darkest and most

barbarous Africa, to act as defenders of the rights of civilization

and to maintain the law and order of democracy.

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