inflamed the controversy. It may be in vain to cry “Peace! Peace!” on both sides of the ocean, if we continue to flaunt the red flag in one another's faces.
The Commission just appointed by the President, indeed, consists of eminent, patriotic and wise men. They will, no doubt, conduct their inquiry with conscientious care and fairness. So we think here. But we have to admit that after all it is a one-sided contrivance, and as such lacks an important element of authority. Suppose the report of the Commission goes against the British contention. Suppose then we say to Great Britain: “Our investigation shows this, and we decide accordingly. Take this, or fight!” How then? It is quite possible that a vast majority of the British people care very little about the strip of territory in dispute, and would have been satisfied to let the whole of it go to arbitration. It is not impossible even that Lord Salisbury himself, in view of the threatening complications in Europe and other parts of the world, and of the manifold interests involved, might at last rather let it be so submitted than have a long quarrel about it. But it may well be doubted whether any statesman at the head of the British or any other great Government would think that he could afford to yield what he otherwise would be disposed to yield, under a threat of war. Similar circumstances would produce similar effects with us. The fact is, therefore, that however peaceable the popular temper may be on both sides of the water, the critical moment will come at the time when the Commission reports, and, if that Commission remains one-sided as it is now, the crisis may become more exciting and dangerous than ever.
But in the meantime there will be something calling for the most earnest attention of the business world on both sides of the Atlantic. While that critical period is impending there will be—who knows how long—a dark
