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The above is the title of a very instructive article in this Journal for April, 1913, by Dr. Hans Wehberg, who points out and analyzes the special grounds for the different reservations contained in several arbitration treaties concluded up to the present time, with the suggestion that such reservations might henceforth be restricted merely to two, that is to say, the exceptions of "vital interests" and "national honor."

Until the great goal of the peace movement, that is to say, the world peace treaty without reservation of any kind and extending to all nations, shall at some future time have been concluded, two periods in the development of arbitration, each of which is in turn marked by three successive stages of growth, are clearly discernible. The first embraces the development of special treaties; the second that of the world treaty. In point of time, these two periods follow one another; yet the world treaty is ushered in even before the special treaty has reached its highest stage.