A financier to whom I showed the proofs of this chapter notes here: "If such a tax were imposed the output would be nil."

A correspondent sent me some interesting and significant details of the rapid strides made by Germany in Egypt. It had already been stated that a German newspaper would appear in October, 1910, and that the official notices of the mixed courts have been transferred from the local French newspapers to the German Egyptischer Nachrichten. During the years 1897-1907, German residents in Egypt increased by 44 per cent., while British residents increased by only 5 per cent. Germany's share of the Egyptian imports during the period 1900-1904 was $3,443,880, but by 1909 this figure reached $5,786,355. The latest German undertaking in Egypt was the foundation of the Egyptische Hypotheken Bank, in which all the principal joint-stock banks of Germany were interested. Its capital was to be $2,500,000 and the six directors included three Germans, one Austrian, and two Italians. Writing of "Home Sickness among the Emigrants" (the London World, July 19, 1910), Mr. F.G. Aflalo said:

"The Germans are, of all nations, the least troubled with this weakness. Though far more warmly attached to the hearth than their neighbors across the Rhine, they feel exile less. Their one idea is to evade conscription, and this offers to all continental nations a compensation for exile, which to the Englishman means nothing.