shown themselves the most able, and of the six
sons of the Kaiser there is not one who is unable or unworthy
from the autocratic standpoint to carry on the traditions of the
house. They are all young men who in any field of human endeavour
are more than a match for men of their age, and by reason of
these qualities, so rare in kings and princes, it has been easy
to arouse a great feeling of devotion for the royal house of
Prussia among all classes in Germany, with the possible exception
of the Social Democrats. The other kings and princes of Germany
have been overshadowed, mere puppets in the king business, by the
surpassing talents of the Hohenzollerns, and so the task of those
who, in Germany and out, hope for that evolution towards
liberalism or even democracy which alone can make the nations of
the world feel safe in making peace with Germany, is beset with
numerous difficulties.

Before the war the Emperor turned much of his enterprising talent
into peaceful channels, into the development of commercial and
industrial Germany. No one has a greater respect for wealth and
commercial success than the Emperor. He would have made a
wonderful success as a man of business. He ought to be the
richest person in the Empire, but the militaristic system which
he fostered gave that distinction to another. For the richest
person in Germany before the war was Frau Krupp-Bohlen, daughter
of the late manufacturer of cannon. She inherited control of the
factories and the greater part of the fortune of her father and
was rated at about $75,000,000. It was a contest between Prince
Henckel-Donnersmarck and the Emperor for second place, each being
reputed to possess about sixty to sixty-five million dollars.
Most of the Emperor's wealth is in landed estates, and of these
he has, I believe, about sixty scattered through the Empire. The
Emperor is credited with being a large stockholder in both the
Krupp works and the Hamburg-American Line. What a sensation it
would make in this country were the President to become a large
stockholder in Bethlehem Steel or the Winchester Arms Company!

The earnings of the Krupp's factory since the War have been
immense and doubtless the fortune of the Krupp heiress since then
has more than doubled. The subscriptions to war loans and war
charities, thrown by Frau Krupp-Bohlen and the Krupp directors
as sops to public opinion, are mere nothings to the fat earnings
made by that renowned factory in this w