I cannot forecast to you the action of Russia. It is a riddle wrapped in a mystery inside an enigma; but perhaps there is a key. That key is Russian national interest. It cannot be in accordance with the interest of the safety of Russia that Germany should plant itself upon the shores of the Black Sea, or that it should overrun the Balkan States and subjugate the Slavonic peoples of south eastern Europe, That would be contrary to the historic life-interests of Russia.

Thus, my friends, at some risk of being proved wrong by events, I will proclaim tonight my conviction that the second great fact of the first month of the war is that Hitler, and all that Hitler stands for, have been and are being warned off the east and the southeast of Europe.

Here I am in the same post as I was 25 years ago. Rough times lie ahead; but how different is the scene from that of October, 1914! Then Russia had been laid low at Tannenberg; then the whole might of the Austro-Hungarian Empire was in the battle against us; then the brave, warlike Turks were about to join our enemies. Then we had to be ready night and day to fight a decisive sea battle with a formidable German fleet almost, in many respects, the equal of our own. We faced those adverse conditions then; we have nothing worse to face tonight. We may be sure that the world will roll forward into broader destinies.