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Meanwhile, there are some new facts to record in the

important speech which was made by the German Chancellor, Dr. Cuno, when the short session of the Reichstag opened on Wednesday. Dr. Cuno's speech was fairly summarized by the Times correspondent as one of " defiant pessimism." Defiance, however, may not be a bad thing if it means that Germany recognizes that nobody can help her in the long run if she is not willing also to help herself. Nor need it be a bad thing that Dr. Cuno professed to be displeased with the British advice to Germany. Matters would have become even more difficult for us than they are if Dr. Cuno had fallen on the neck of Great Britain and represented her as working with Germany against France. We do not want to work against anybody. All we want is peace for everybody.

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