"Our recent feats of arms in Rumania have hardly affected this opinion. In view of the great hopes, placed by our enemies and the newspapers in their service, on Rumania's entry into the war, these successes are recognized on all sides readily or grudgingly and without any spark of sympathy for the defeated country, and in some cases are even hailed as brilliant military achievements of the first rank. The preponderating opinion of the Press, however, passes over the fact that the conquest of Rumania, although opening up to Germany important new resources, is scarcely likely to influence to any considerable degree the situation which has resulted from the war of positions in East and West, and the still unbroken British mastery of the seas.
"The view that the war has reached a stalemate which, since President Wilson's speech at Charlotte in May of this year, had been maintained by several papers, but which has recently become general, apart from the definitely pro-Ally organs, is closely connected with the discussion of the question of peace restoration which for the American Press is in many cases synonymous with the question of intervention by the United States or all the neutral nations.
"There was a time when a very important part of the American Press seemed to stand on the level of the catch-phrase which was going the round at that time: 'Wall Street now fears nothing except the outbreak of peace.' These times, however, are long since past. The desire for a speedy end of the hostilities in Europe is to-day genuine, and shared by almost the whole Press. From the enemy camp we get the following testimony in the _New York Tribune_, which would like to convert its readers to less humane views: 'For millions of Americans this war is a tragedy, a crime, the offspring of collective madness,' and in its view the greatest service that America can render to the world--an allusion to the catch-phrase coined by Henry Ford for his ill-starred peace mission is--'to fetch the lads out of the trenches.' The discussion of the premises for the conclusion of peace, therefore, has for some time occupied an important place in the daily papers, and also to some extent in the reviews. Reports on the meetings of the many American peace societies are given with the greatest fulness, and anything in the overseas news connected with the question of a restoration of peace is printed in a prominent position and duly discussed in the leading articles.