ing of the war have been dissipated. Instead of this we meet
in all industrial circles with the consciousness [often much
exaggerated] that "We can endure."

The words in brackets are significant.

18. _Pall Mall Gazette_, November 10, 1916:

LIVING ON WAR

KRUPPS' PROFIT JUMPS FROM 1-1/2 MILLIONS TO 4-1/2

AMSTERDAM, _Tuesday Night_.

An Essen telegram states that the clear profit last year of Krupps
amounted to 86,400,000 marks (L4,320,000), as compared with a profit of
33,900,000 marks (L1,695,000) in the preceding year. A dividend of 12
per cent has been distributed.--Reuter.

_19. Pall Mall Gazette:_

GERMAN DIVIDENDS

ECONOMIC POSITION OF SOME OF HER COMPANIES

The 1914 dividends of over sixty limited companies, nearly all German,
and the remainder Austrian, show that in the case of sixteen companies
the dividends amounted to 20 per cent or over, the average being 25-3/16
per cent. These companies (says the _Morning Post_) are mainly engaged
in the production of leather, dynamite, explosives, india-rubber, arms,
ammunition, and powder. In one case, that of an explosives company in
Hamburg, the dividend attained 40 per cent.

Germany is still barring the Swiss frontier, and for the last five days
the German post arrived at Berne very late or not at all, thus pointing
to great activity in military matters beyond the German-Swiss frontier.

As further proof, if proof were needed, of the sufficiency of Germany's
food supplies, it is pointed out that she now offers to send to
Switzerland large quantities of potatoes.

20. _The Times_, July 5, 1916:

WAR PROFIT-MONGERS IN RUSSIA

_From our Correspondent._

PETROGRAD, _July 2_.

The clergy will to-morrow publicly anathematise the "freebooters of the
rear," who are amassing huge fortunes at the expense of the public.

21. _The Westminster Gazette_, Aug. 28, 1916:

GERMAN WAR SCANDALS

700 PER CENT PROFIT FOR EAST PRUSSIAN LANDOWNERS

ZURICH, _Sunday_.

Details of several recent corrupt affairs which have come to light in
Germany have reached Switzerland.

At Mainz a timber merchant was arrested for bribing army officers to
secure contracts for his firm. The official investigation revealed that
he had paid a total of L50,000 in bribes to army officers. Some of the
individual bribes were as high as L2,500. This timber merchant, who was
almost a poor man before the war, has accumulated in two years a fortune
wh