will  be  obliged  for  many  years  to  make  sacrifices  out  of  her  own  resources,
width  she  might  have  turned  to  another  destination  and  to  make  supplementary,
efforts.

The  railway  lines  in  the  freed  territories  for  which  she  has  to  pay  heavy
debts  by  assuming  the  Austrian  and  Hungarian  public  debt  can  only  be  put
economically  to  use  afer  new  and  important  investments  for  these  lines  to  be
united  to  the  lines  of  the  former  territory  in  order  to  go  towords  their  natural ­
  outlets.

I  he  organisation  of  her  Jluvial  and  more  especially  of  her  maritime  ports
will  necessitate  great  expenses  before  they  are  in  a  state  to  suffice  for  the  traffic
which  will  necessarly  be  opened  by  a  free  and  international  regime  of  the  Danube ­
  and  the  granting  ol  the  mouths  of  this  river  to  its  natural  hinterland.
she  present  system  of  Roumanian  railways  consists  in  four  different  branches ­
  formed  by  the  lines  of  the  former  States  which  included  provinces  which
are  now  freed.
The  Hungarian  lines  in  Transilvania  going  towards  Pest  and  Fiume,  the
Austrian  lines  in  Bucovina  going  towards  Lemberg  and  Vienna,  the  Russian  lines
in  Bessarabia  going  towards  Odessa  and  Kiew  must  all  be  connected  with  the
lines  of  the  lormer  territories  which  are  the  only  ones  leading  to  a  normal  outlet
namely  the  Danube  and  tho  Black  Sea  as  well  as  with  the  new  frontiers  of
the  neighbouring  States  established  by  the  late  war.
In  regard  to  this  we  can  give  as  an  example  the  situation  in  the  north  of
Transilvania  where  the  railway  connection  between  the  towns  is  made  by  crossing ­
  the  Tcheco  Slovak  territoires,  situation  that  cannot  be  admitted  any  longer, ­
  and  for  the  remedy  of  which  great  expenses  are  necessary.
For  the  complete  unification  of  the  lines  we  will  have  to  build  at  least
2.000  km.  of  new  lines.
Economical  and  Financial  Institutions  which  had  their  basis  in  the  complex ­
  relations  in  the  capitals  of  Hungary  and  Austria  can  no  longer  be  of  any
use  in  the  new  situation  unless  they  are  connected  with  the  natural  economical ­
  financial  lines.
Besides  her  political  economical  and  financial  development  Roumania
must  also  think  of  the  development  of  intelectual  culture  she  must  make  great
efforts  and  as  speedily  as  possible  for  the  intellectual  progress  not  to  feel  too  much
the  lost  time  during  the  foreign  occupation  which  prevented  a  larger  mass  of
the  population  from  developing  itself  according  to  its  aspirations.
Institutions  of  Roumanian  culture,  of  course  must  be  created  in  proportion
with  the  present  situation  of  the  Roumanian  population  which  will  necessitate
new  charges  over  and  above  the  heavy  burden  which  we  inherited  of  keeping
up  the  institutions  we  found  and  which  had  profited  to  the  former  masters.
For  instance  in  Transilvania  the  Roumanian  population  which  was  over
3.500.000  only  had  three  upper  schools  whereas  the  German  minoritary  population ­
  had  nineteen,  and  the  Hungarian  population  had  50  big  schools
for  a  nunber  of  1.300.000  inhabitants.