The Allies at St. Germain on Monday presented their Peace
terms to Austria, now only a small Republic. Unfortunately the terms were incomplete, because the Allies have failed, after nearly seven months, to come to a decision about the Southern Slav frontiers or to fix the Austrian bill of costs. But the Austrian remnant of the once mighty Hapsburg Empire mush of course accept whatever conditions the Allies care to impose. The most notable feature of the Treaty is the cession to Italy of the Brenner:Pass, the natural ..geographical boundary., of Italy. It is true that a small number of Germans live south of the Brenner, but the Allies have rightly given Italy the only Bound strategic frontier north of Trento instead'of insisting on a pedantic adherence to the principle of nationality alone. Italy by her great sacrifices has earned the right to a secure frontier, and she may be trusted to give the few German Tirolese a far better government than they had under the Hapsburgs. The Allies declare the Danube below Ulm an international river. With wise generosity, they guarantee ta •Austria free access for her trade to the Adriatic.