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efeat, just as by the sun and rain in his own country. He will doubtless remember that of all European countries Germany is the best customer of the United States, from which she purchases yearly over 1,000,000,000 marks in cotton, food, metal, and technical products. If Germany is economically ruined, which is the wish of Russia, France, and England and all allied friends of wretched Servia, it would mean the loss of a heavy buyer to America, and thereby cause a serious loss to America which could not easily be made good. It would be a great blow to American export trade, of which Germany handles not less than 14 per cent. yearly. The material loss is not the only feature. In the economic struggle in the world markets American and German commercial men have learned mutually to appreciate one another, to appreciate one another more highly than do any other two rivals. The time is long past when the American pictured the German as one of thousands, shut up in a room, surrounded by documents and parchments, speculating about the unknown outside world, and the same is true of the German's idea of the American--a money-hungry barbarian. Two nations in which so much kindred blood flows and which are connected by so many historical events understand each other better today than formerly. Above all, they have a mutual understanding regarding the ideal in commercial life: A man engaged in work not for the sake of the profit, but for the sake of the work he is doing; one who gives all his strength to his task, and who works for the general welfare of the people as a whole, considering his position as an office and his wealth as an obligation, not as the final aim, but as a basis for the realization of higher attainments. He places the value of character and the development of the creative powers of man higher than all economic success. Two nations united by such common inclinations [pg 272] and ideals, boldness of enterprise, far-sightedness, quickness of decision, and admiration for intellectual achievements, cannot help being exceedingly congenial to each other. What concerns one today concerns the other. Does it sound like a paradox when I say Germany's struggle concerns not only her own destiny, but to a considerable extent that of America? Does the United States consider itself entirely immune from the warlike complications brought about by the Servian murder of Princes and Russia's breach of faith? In any event, it will
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