surely make for peace, will
surely bring a lasting peace.

In the following interview, which Prof. Giddings has carefully reread,
will be found one of the most interesting speculative utterances born of
the war.

"The immediate economic cause of the war," said Prof. Giddings, "lay in
the affairs of Servia and Austria. Servia had been shut in. She had been
able to get practically nothing from, and sell practically nothing to,
the outside world, save by Austria's permission, while Austria, with
Germany professing fear of Slavic development, for years had been taking
every care to prevent the Balkan peoples from having free access to the
Adriatic.

"Some financial profit arose from this interning of the little States,
but it is probable that the desire for this was all along entirely
secondary to the fear of Balkan, especially Servian, political and
economic development.

"In the larger economic question Germany felt especial interest.

"In a comparatively few years she had made the greatest progress ever
made by any nation in an equal time, with the possible exception of that
made by the United States in a similar period after our civil war, and
it is probable that not even our own advance has equaled hers in
rapidity or extent, if all could be tabbed up.

"She had worked out a great manufacturing scheme, she had developed an
immense internal commerce by means of her railroads and her Rhine and
other waterways, she had built up an enormous trade with Eastern Europe,
Western Asia, South America, and the United States.

"She had highly specialized in and become somewhat dependent on the
production of articles like dyestuffs and the commodities of the
pharmacopoeia.

"Her shipping had advanced until it closely crowded England's; her
finances, on the whole, were well handled and her credit was excellent,
while her wonderful system of co-operation between the Government and
manufacturing producers and commercial distributers of all kinds had
become the admiration of all nations. The extent to which her Government
facilitated foreign trade through obtaining and distributing costly
information might well be taken as the world's model.

"Whatever claims be made or contested about her contributions to culture
and theoretical science, there can be no argument about her material
achievements."

German Achievements.

"Along every line her social organization of co-operation between the
Government and the people succ