This rejoinder, as a matter of fact, still reveals the confusion which prompted the first criticism. Because I urged that Germany could do England relatively little harm, since the harm which she inflicted would immediately react on German prosperity, my critic assumes that this is equivalent to saying that Englishmen would be as happy or as prosperous under German rule. He quite overlooks the fact that if Germans are convinced that they will obtain no benefit by the conquest of the English they will not attempt that conquest, and there will be no question of the English living under German rule either less or more happily or prosperously. It is not a question of Englishmen saying, "Let the German come," but of the German saying, "Why should we go?" As to the critic's second point, I have expressly explained that not the rival's real interest but what he deems to be his real interest must be the guide to conduct. Military force is certainly economically futile, but so long as German policy rests on the assumption of the supposed economic value of military force, England must meet that force by the only force that can reply to it.
Some years ago the bank in a Western mining town was frequently subjected to "hold-ups," because it was known that the great mining company owning the town kept large quantities of gold there for the payment of its workmen. The company, therefore, took to paying its wages mainly by check on a San Francisco bank, and by a simple system of clearances practically abolished the use of gold in considerable quantities in the mining town in question. The bank was never attacked again.
Now, the demonstration that gold had been replaced by books in that bank was as much a work of defence as though the bank had spent tens of thousands of dollars in constructing forts and earthworks, and mounting Gatling guns around the town. Of the two methods of defence, that of substituting checks for gold was infinitely cheaper, and more effective.