No one can say what is going to happen in the East of Europe. The news this morning is that Servia has capitulated on the main point, but it is very doubtful if any reservation will be accepted by Austria, who is resolved upon a complete and final humiliation. The curious thing is that on many, if not most, of the points Austria has a good and Servia a very bad case, but the Austrians are quite the stupidest people in Europe. There is a brutality about their mode of procedure which will make most people think that this is a case of a big Power wantonly bullying a little one. Anyhow, it is the most dangerous situation of the last forty years. It may incidentally have the effect of throwing into the background the lurid pictures of civil war in Ulster.