Herr Dernburg has been contri-buring to the "Berliner Tageblatt"
series of articles on England's position in the war, charging her with violating the "race solidarity" of the whites in Africa (thereby imperilling all future colonization work) and depicting in sombre colours the economic and financial prospects of Great Britain. According to him, England has lost enormously by the war—not, indeed, so much on account of "external defeats," as because of her "'internal defeats." England has no longer any credit abroad: she is only paying her way now by foreign securities; but this source will one day come to an end, and then—but Herr Dernbure for bears speaking out the horrid word:. bankruptcy, and fomulates his conclusions in' the following manner:
In this way England's economic strength as well as her Colonial Empire and her predominance at sca are jeopardized sole-
Text read from the printed page and cleaned; old type leaves the occasional error.