have seen it stated in a leading English paper that "if Germany were extinguished to-morrow, the day after to-morrow there is not an Englishman in the world who would not be the richer. Nations have fought for years over a city or right of succession. Must they not fight for 1250 million dollars of yearly commerce?"
What does the "extinction" of Germany mean? Does it mean that Britain shall slay in cold blood sixty or seventy millions of men, women, and children? Otherwise, even though the fleet and army were annihilated the country's sixty millions of workers would still remain,—all the more industrious, as they would have undergone great suffering and privation—prepared to exploit their mines and workshops with as much thoroughness and thrift and industry as ever, and consequently just as much trade rivals as ever, army or no army, navy or no navy.
Even if the British could annihilate Germany, they would annihilate such an important section of their debtors as to create hopeless panic in London, and that panic would so react on their own trade that it would be in no sort of condition to take the place which Germany had previously occupied in neutral markets, leaving aside the question that by the act of annihilation a market equal to that of Canada and South Africa combined would be destroyed.
What