A Transformation.

If one were to compare the news of the world to-day (as represented by the cablegrams and radiograms) with the news of the world before the war, he would see revolutionary changes. A cross-section of pre-war world's news would have a greater percentage of pure politics, as apart from that blend of politics and economics which forms the staple news of the day. Before the war, the Balkans, or some other Continental centre was generally providing for the cablegrams highly-coloured political events. There could be a political crisis in France without fear for the status of the franc, and when the Kaiser rattled his sabre the page 51 world thought of millions of soldiers, not multi-millions of marks. But now all is changed. The pre-war world knew that Mars brings slaughter. The post-war world now sees in his train the spectre of bankruptcy also.