In May, 1915, there assembled at Washington, on the invitation of the President of the United States, the First Pan American Financial Conference. It was attended by delegates from eighteen American Republics, and by leaders in industry and finance in the United States. The presiding officer was the Secretary, of the Treasury of the United States.

Germany is preparing to rehabilitate her industry and commerce after the war shall end and the entire world is interested in knowing what plans for rehabilitation she will adopt. There are two types of commercial policy which have opposite effects on the countries immediately involved and on the remainder of the world.

A Merchant ship captured in war by a cruiser is commonly put in the hands of a prize crew and, often with her own master and crew aboard, directed to proceed to the nearest port of the captor available for adjudication as to prize or no prize

The cases in which the original master and crew have, during such transit, risen against the prize crew and, by force or fraud or both regained control of the ship are fairly numerous. It is proposed to examine the legality of such a course, and the rights derived therefrom; also the rights in the premises of the belUgerent whose possession is displaced.

The summary review in the previous article of the historical events which culminated in the creation of the Hellenic Kingdom, and the vicissitudes which Greece underwent from the time of the declaration of her independence up to the year 1911, when her Constitution of 1864 was revised, plainly show that the Hellenic people never for a moment thought of submitting themselves to autocracy, but on the contrary asserted their determination to live under a democracy. Hence the murder of their first president, or governor Capodistrias, the deposition of their first king, Otho, and the abjuration now by a large section of the Hellenic nation both in and out of Greece, of their present ruler, Constantine, who, under the cloak of the Constitution, rules the part of the country still under his dominion, not as a constitutional King of the Hellenes, but as an absolute monarch.

Gradually there has developed a system of treaty negotiation which eliminates all possibility of bad faith in contracting, unless the mala fides is both deliberate and long-lived. Modern treaty technique accounts for this, the stages of a treaty from negotiation to entry into force having been developed to serve th|s very end. When kings alone ruled in the brave days of old, only signatures, bolstered up on occasion by oaths, giving of hostages, etc., were employed to give faith to such documents.