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Show En English. Version ' The truo situation as depicted dally by tho English newspapers and summarized sum-marized by Punch: The entire German economlo structure struc-ture Is oa the verge of collapse, But we should be mad if we blinded blind-ed our eyes to the fact that they can hold out for years yet. The submarine campaign has been an. utter f allure; no shortage it food exists or will exist If we one and all consume not. an ounce more food than la absolutely necessary to keep body and soul together. to-gether. The war Is, to all intents, already won, Provided that la the next; ,threo years the whole nation makes such a stupendous effort aa we have never dreamed of, 'etc. ' Whleh recalls to oar mind the eeustle observation of the onlyvery. very high official government whom we regard aa capable ot formulating an epigram, to-wlt, k Nothing could be done more ea-slstently ea-slstently and persistently thaa, Is being be-ing dono consistently and persistently persistent-ly over there. Careful examination ot the, situation situa-tion reveals that the enemy la again preparing to sue tor f'peace,. before ylctory." Secretary Baker.; ' "Before" We vtbought it was "without." '' |