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then lose its political significance, for the position, which belongs to Italy from her geographical situation and her past history, and will promote her true interests if attained, cannot be won in a war with Austria. It is the position of a leading political and commercial Mediterranean Power. That is the natural heritage which she can claim. Neither Germany nor Austria is a rival in this claim, but France, since she has taken up a permanent position on the coast of North Africa, and especially in Tunis, has appropriated a country which would have been the most natural colony for Italy, and has, in point of fact, been largely colonized by Italians. It would, in my opinion, have been politically right for us, even at the risk of a war with France, to protest against this annexation, and to preserve the territory of Carthage for Italy. We should have considerably strengthened Italy's position on the Mediterranean, and created a cause of contention between Italy and France that would have added to the security of the Triple Alliance. The weakness of this alliance consists in its purely defensive character. It offers a certain security against hostile aggression, but does not consider the necessary development of events, and does not guarantee to any of its members help in the prosecution of its essential interests. It is based on a _status quo_, which was fully justified in its day, but has been left far behind by the march of political events. Prince Bismarck, in his "Thoughts and Reminiscences," pointed out that this alliance would not always correspond to the requirements of the future. Since Italy found the Triple Alliance did not aid her Mediterranean policy, she tried to effect a pacific agreement with England and France, and accordingly retired from the Triple Alliance. The results of this policy are manifest to-day. Italy, under an undisguised arrangement with England and France, but in direct opposition to the interests of the Triple Alliance, attacked Turkey, in order to conquer, in Tripoli, the required colonial territory. This undertaking brought her to the brink of a war with Austria, which, as the supreme Power in the Balkan Peninsula, can never tolerate the encroachment of Italy into those regions. The Triple Alliance, which in itself represents a natural league, has suffered a rude shock. The ultimate reason for this result is found in the fact that the parties concerned with a narrow, short-sighted
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