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=Speech by Dr. Helfferich, Secretary of State, on the Submarine Warfare= The Norddeutsche Allgemeine Zeitung of May 1, 1917, gives the following speech by Dr. Helfferich, Secretary of State, on the economic effects of the submarine warfare delivered in the principal committee of the Reichstag on April 28.

Indeed, his attention to the Hamburg line, familiarly known as the "Hapag" line, from the initial letters of its legal title, "Hamburg-Amerika Packetfahrt-Aktien Gesellschaft," and to the Norddeutsche line from Bremen, has given rise to the unfounded belief that he is heavily interested in their financial success.

The extent of the damage is not yet known, but in any case it amounts to hundreds of thousands of roubles. It is also not certain whether any or how many lives were lost." A few days later the German official organ Norddeutsche Allgemeine Zeitung and the semi-official Kölnische Zeitung published the following report of the explosion.

Every foreigner who knows Germany at all, knows the names of the Kölnische Zeitung, the Lokal Anzeiger and Der Tag, Hamburger Nachrichten, Berliner Tageblatt, Frankfurter Zeitung, and the Norddeutsche Allgemeine Zeitung, this last the official organ of the foreign office.

The two most important German companies with branches in New York, the Norddeutsche Versicherungsgesellschaft and the Mannheimer Versicherungsgesellschaft, which was excellently, actively, and very loyally represented in New York by the firm F. Hermann & Co., at first offered an insurance limit of about 75,000 dollars, that is 150,000 dollars together, which in any case was insufficient.

The Secretary of State, Helfferich, at a meeting of the Head Committee of the Reichstag on the 28th ult., gave a detailed account of the effects of the U-boat warfare on England. The review was published in the Norddeutsche Allgemeine Zeitung of the 1st inst. I beg herewith to refer to the enclosed.

"That doesn't disturb me in the least when I have plenty to read," I answered pleasantly, at the same time pointing to the bundle of morning papers which I carried, the Norddeutsche Allgemeine Zeitung of the Foreign Office, on the outside. I knew Potsdam thoroughly, and was perfectly familiar with every foot of the station.

With a sudden upward jerk he caused that official's nose to disappear momentarily in the dish, while he exploded in voluble German. The result was an instant rupture of diplomatic relations. Adler was put in the lock-up, but set fiee again immediately. He spent the rest of the voyage in his bunk shouting dire threats of disaster impending from the "Norddeutsche Consul," once he reached New York.

"For the fault which occurred in dealing with the manuscript I accept, as I have caused to be said in the Norddeutsche Allgemeine Zeitung, entire responsibility.

This ultimatum included a form of apology to be published on a specified date by the Servian Government, and ten engagements which the Servian Government were to give the Austro-Hungarian Government. On July 24 this note was communicated by Austria-Hungary to the other Powers of Europe, and on July 25 it was published in a German paper, the Norddeutsche Allgemeine Zeitung.