With nearly a whole continent plunged in war and destruction, comes a formal announcement from the neutral state of Norway that the Nobel Peace Prize will be awarded as usual in 1915. For the first time this bears a peculiar significance. Even though most of the European diplomats are using their greatest efforts to postpone peace until a decisive military victory is won, the Norwegian Parliament may yet find one who stands out as a peacemaker. It is quite probable, however, that the Prize will be awarded to some statesman from the Western Hemisphere. In the present year there exists the greatest opportunity for peace-loving and ambitious American scholars and officials since the Russo-Japanese war. This announcement should stimulate our statesmen to equal in the next two months what ex-President Roosevelt accomplished in 1905.