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Whether the raider actually sunk all of the vessels accredited to her is a question that probably never will be answered. The evidence tends to show that it was Germany's aim to create a fleet of auxiliaries in the mid-Atlantic.

Speaking of Germany's promises, I mention still another editorial from the Springfield Republican which concludes by saying, "Even Mr. Wilson is not so simple-minded as the Kaiser may once have thought him to be." It is the hand of Prussianism which offers this peace to America.

As soon as it was admitted that it was in fact impossible to make Germany pay the expenses of both sides, and that the unloading of their liabilities upon the enemy was not practicable, the position of the Ministers of Finance of France and Italy became untenable. Thus a scientific consideration of Germany's capacity to pay was from the outset out of court.

In the same period 107 ships, all of British registry, had been sunk and "the lives of the crews and passengers imperiled through their being forced to take to the sea in open boats while their ships were a target for the enemy's guns." President Wilson's success at the polls, which hung in the balance several days after the election, was the signal for a change of attitude on Germany's part.

"It is all simple enough, now that I have the key. Germany tried to bully France, and not only was France anxious to avoid war but Britain showed her teeth. Germany was not then prepared to fight the world and was forced to compromise. France gave her a slice of the Kongo in exchange for Germany's consent to a French Protectorate in Morocco.

On that occasion the Chancellor expressed himself at length in defining Germany's position. "A tremendous fate has fallen upon Europe. While we have endeavoured to maintain the prestige of the German Empire in the eyes of the world, we have lived for forty-four years in peace and protected European peace. In this work of peace we have become strong and mighty therefore we are envied.

After all, the flower of the German Army was in England, and only a Government to the last degree desperate, unscrupulous, and cynical could have adopted Germany's callous attitude at this juncture.

He declared to that Government that "we would in no circumstances be a party to any sort of aggression upon Germany." But we must oppose a violation of the neutrality of Belgium, and, if the naval competition continued, we should lay down two keels to Germany's one. As a sequel to these discussions the two Governments discussed the basis of an Entente.

When the Power most concerned Great Britain took precautionary measures to guarantee British interests in view of Germany's "peaceful" development, then the latter Power declared the consequences of her own actions to be a hostile initiative directed against her.

While I was confident that many Americans believed in the cause of the Allies, and had every confidence in the outcome of the war, there remained always that large and prosperous portion of the population, either German-born or of German parentage, which had no doubt of Germany's success. "It is natural, of course," he commented. "How many French have you in the United States?"