Or suppose the rather improbable event of a Germany driven out of Belgium, but otherwise slightly victorious. In such case not a pfennig of indemnity would come to Belgium. Do you believe that no indemnity is morally due Belgium?

Knowing your reputation as a man and philanthropist, I can hardly believe that your desire for a "not too victorious" Germany includes its logical implication of a subjugated or uncompensated Belgium. But if this be so, candor expects an avowal. Until you have made yourself clear on the issue that most concerns your fellow-citizens they will remain in doubt as to your whole moral attitude on the war. Does your pacificism contemplate a German Belgium? I feel sure you will admit that no fairer question could be set to any one who comments on the sequels of the war. I am, most respectfully yours,

The New York Times Current History of the European War, Vol. 1, January 9, 1915 — Part 81

_On Nov. 22_ THE NEW YORK TIMES _printed this interview with Jacob H. Schiff on the European war reproduced above. Two days later Dr. Charles W. Eliot, President Emeritus of Harvard, who is an old friend of Mr. Schiff, wrote him a letter of comment on THE TIMES interview. This letter resulted in considerable correspondence between the two. At the time this correspondence was penned there was not the least thought in the mind of either of the writers of giving the letters to the public. It was simply an interchange of ideas between men who had long known each other. When they were convinced, however, that publication might serve a useful purpose in shaping public opinion, both Mr. Schiff and Dr. Eliot cordially assented to their being printed._

The New York Times Current History of the European War, Vol. 1, January 9, 1915 — Part 81

Dear Mr. Schiff: It was a great relief to me to read just now your interview in THE NEW YORK TIMES of Nov. 22, for I have been afraid that your judgment and mine, concerning the desirable outcome of this horrible war, were very different. I now find that at many points they coincide.

The New York Times Current History of the European War, Vol. 1, January 9, 1915 — Part 81

One of my strongest hopes is that one result of the war may be the acceptance by the leading nations of the world of the precept or law--there shall be no world empire for any single nation. If I understand you correctly, you hold the same opinion. You wish neither Germany nor England to possess world empire. You also look forward, as I do, to some contract or agreement among the leading nations which shall prevent competitive armaments. I entirely agree with you that it is in the highest degree undesirable that this war should be prolonged to the exhaustion of either side.