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fostering and supporting it by educational policy, transport subsidies, tariff bounties, consular assistance, etc., is not a matter of dispute. The advances made by German trade and finance in all parts of the world within the last twenty years have been, however, almost entirely the results of private business enterprise. The application of chemical and physical science to the industrial arts; the training in commerce and in languages; the detailed study and cultivation of new markets; the financial assistance given, after expert inquiry, to new industrial and commercial proposals, the main causes of German commercial development, are primarily due to the intelligence, industry, and organization, of business firms operating, not for political service, but for profits.

To pretend that all this activity is in the main a screen and an instrument of Prussian State policy, aimed to penetrate all countries of the world commercially and financially, in order to convert this economic into