What this has so far resulted in will be seen from the following tables of armed men, including reserves :~- TmrLK Alliance. Mon. Germany (1088) ... 2,934,631 Austria (1091) ~, .„ 4,000,000 Italy (lo'Ji) 2,352,323 9,786,954 France and Russia. Mon. Franco (1801) 3,750,000 Russia (1S91) 2,220,798 5,970,793 Grand total 15,757,752 By a cablegram of October 35, we learn that in the Army Bill just intro duced into the Reichstag, Germany proposes to increase her armed force to 4,000,000 men, and that during the last 20 years she acknowledges to have expended in defence and that the preamble of the Bill slates that both France and Russia are stronger than Germany. When this increase has been made, Germany will have added to her forces more than r,000,000 armed men since rBBB. This will doubtless cause France to further increase her forces. So the costly game of preparation for war goes on. In every one of these nations universal liability to arms is the inflexible rule. No blood in the meantime is being shed, but the conse quences of this universal arming, in^ flirting the moat grievous withdrawal of millions of men from earning their living by industrial labour, and casting the cost of keeping them in idleness upon those who do labour, involves an annual expenditure so crushing that it can only be a question of time when general poverty and ruin will overtake the countries which are so madly rush ing to their fate. The public indebtedness of the Con tinental nations cannot now be much less than 4,000 millions sterling, most of which has been spent in wars or preparations for war. Vast as this sum is, it only represents a portion of the loss of national wealth every one of these nations is suffering from by the en forced idleness of so many millions of men in the primd of life, Meantime the war expenditure continues and increases, the candle is burning at both ends, and the money is found by heavy taxation and by borrowing. Some day, not very far distant, the credit of these war borrowers will come to an end, At that .point, or before, we may expect to see a great war, to be followed by a general repudiation of national debts. 