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It came into the President's hands a few days before it was published on March 1, 1917, and provided a telling comment on Chancellor von Bethmann-Hollweg's declaration that the United States had placed an interpretation on the new submarine decree "never intended by Germany" and that Germany had promoted and honored friendly relations with the United States "as an heirloom from Frederick the Great."

One of these toys, about two feet high, was a Hoochi-Koochi dancer and another successful one was a clown and a trained pig, both climbing a step ladder and performing marvellous feats thereon. Grew, who is an excellent musician, played the piano for the Chancellor and at his special request played pieces by Bach, the favourite composer of von Bethmann-Hollweg's deceased wife.

But Bethmann-Hollweg's straightforward declaration that Germany will not make peace without annexations or indemnities, that she is out to conquer, has altered things. We now know exactly how we stand. Germany is still out for grab. Therefore she is far from beaten. Ipso facto, peace is out of the question. The end is not yet in sight. There is still a long struggle before us.

Then we would start all over, build merchantmen faster than any nation, and regain our position as a leading commercial power. "Friends of the Chancellor still hope that President Wilson will take a strong stand against England, thereby greatly strengthening Bethmann-Hollweg's position.

There are even Britons who have got stuck in Bethmann-Hollweg's peace-lime. Yet it would be interesting if the German Government would explain why the civilian population was ordered to leave Heligoland on the afternoon of Friday, July 31st.

Prince von Buelow, the former Chancellor, who had been spending most of his time in Switzerland after his failure to keep Italy out of the war, had written a book entitled "Deutsche Politik," which was intended to be an indictment of von Bethmann-Hollweg's international policies. Von Buelow returned to Berlin at the psychological moment and began to mobilise the forces against the Chancellor.

But the Kaiser is expected to approve the steps the Chancellor and Foreign Secretary contemplate taking, swinging the balance in favour of von Bethmann-Hollweg's contention that ships in the future must be warned before they are torpedoed."

Von Tirpitz' ambition undoubtedly led him to consider himself as a promising candidate for Bethmann-Hollweg's shoes. The whole submarine issue, therefore, became not only a question of military expediency and a question for the Foreign Office to decide in connection with the relations of America to Germany, but also a question of internal politics, a means of forcing the Chancellor out of office.

Sir Edward Grey's calm, moderate sub-moderate, indeed exposition of the causes which had forced Britain into war did much to cool his indignation, and Bethmann-Hollweg's cynical explanation of the violation of Belgium's neutrality went far to justify Britain's action consequent upon that outraging of treaty faith.

The strain was always latent, but it became acute of late years, especially when Austria thwarted Italy's move on Turkey as Salandra revealed later under the sting of Bethmann-Hollweg's taunts. It was badly strained, virtually broken, when Austria without warning to Italy stabbed at Serbia.