England and Germany

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Dillon Emile Joseph. England and Germany

INTRODUCTION

CHAPTER I. THE CHARACTER OF GERMANY

CHAPTER II. THE GERMAN SYSTEM OF PREPARATION

CHAPTER III. GERMANY AND ITALIAN FINANCE

CHAPTER IV. THE ANNEXATION MANIA

CHAPTER V. GERMANY AND RUSSIA

CHAPTER VI. THE STATESMANSHIP OF THE ENTENTE

CHAPTER VII. TEUTON POLITICS

CHAPTER VIII. A MACHIAVELLIAN TRICK BY WHICH RUSSIA’S HAND WAS FORCED

CHAPTER IX. GERMAN PROPAGANDA IN SCANDINAVIA

CHAPTER X. GERMANY AND THE BALKANS

CHAPTER XI. THE RIVAL POLICIES

CHAPTER XII. PROBLEMS OF LEADERSHIP

CHAPTER XIII. PROBLEMS OF FINANCE

CHAPTER XIV. READJUSTMENTS

CHAPTER XV. THE POSITION OF ITALY

CHAPTER XVI. ROUMANIA AND GREECE

CHAPTER XVII. GERMANY’S RESOURCEFULNESS

CHAPTER XVIII. THE PERILS OF PARTY POLITICS

CHAPTER XIX. PAST AND PRESENT

CHAPTER XX. PROBLEMS OF THE FUTURE

CHAPTER XXI. THE FINAL ISSUE

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During the memorable space of time that separates us from the outbreak of the catastrophic struggle, out of which a new Europe will shortly emerge, events have shed a partial but helpful light on much that at the outset was blurred or mysterious. They have belied or confirmed various forecasts, fulfilled some few hopes, blasted many others, and obliged the allied peoples to carry forward most of their cherished anticipations to another year’s account. Meanwhile the balance as it stands offers ample food for sobering reflection, but will doubtless evoke dignified resignation and grim resolve on the part of those who confidently looked for better things.

The items of which that balance is made up are worth careful scrutiny for the sake of the hints which they offer for future guidance. The essence of their teaching is that we Allies are engaged not in a war of the by-past type in which only our armies and navies are contending with those of the adversary according to accepted rules, but in a tremendous struggle wherein our enemies are deploying all their resources without reserve or scruple for the purpose of destroying or crippling our peoples. Unless, therefore, we have the will and the means to mobilize our admittedly vaster facilities and materials and make these subservient to our aim, we are at a disadvantage which will profoundly influence the final result. It will be a source of comfort to optimists to think that, looking back on the vicissitudes of the first twenty months’ campaign, they can discern evidences that there is somewhere a statesman’s hand methodically moulding events to our advantage, or attempering their most sinister effects. Those who fail to perceive any such traces must look for solace to future developments. For there are many who fancy that the economy of our energies has been carried to needless lengths, that the adjustment of means to ends lacks thoroughness and precision, and that our leaders have kept over rigorously within the narrow range of partial aims, instead of surveying the problem in its totality and enlarging the permanent efficacy of their precautions against unprecedented dangers.

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German organisms, as well as German statesmen, display the same mania of annexation, and the Banks in especial give it free scope. German banks differ from French, British and Italian in the nature, extent and audacity of their operations. It was not always thus. Down to the war of 1870 their methods were old-fashioned, cautious and slow. From the year 1872 onward, however, they struck out a new and bold course of their own from which British and French experts boded speedy disaster. Private enterprises were turned into joint stock companies, the capital of prosperous undertakings was increased and gigantic operations were inaugurated. Between the years 1885 and 1889 the industrial values issued each year reached an average of 1,770 million francs; between 1890 and 1895 the average rose to 1,880 millions, and from 1896 to 1900 it was computed at 2,384 millions.2

Of all German financial institutions the most influential and prosperous is the Deutsche Bank. It has been aptly termed an empire within the empire. Its capital, 250 million francs, exceeds that of the Reichsbank by thirty millions. It is the first of the six great German banks, of which four are known as the “D” group, because the first letter of their respective names is D: Deutsche Bank, Dresdner Bank, Disconto-Gesellschaft and Darmstädter Bank. The other two are the Schaffhausenscher Bankverein and the Berliner Handelsgesellschaft. The total capital of these six concerns amounts to 1,100 million francs.3

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