Fiiuiiicc 79 



overseas possessions, and what we owe them. If we do 

 this, then the criminal foolisliness of which we have been 

 guilty in the past in not encouraging and financing our 

 own men to exploit British products instead of allowing 

 them to go to Germany to be turned into bullets to kill 

 the flower of our land will not occur again, and we shall 

 not have to blame ourselves as much, when the next war 

 comes, for having helped our enemies to kill our men, 

 women and children, as we may have to do perhaps in 

 connection with the present outbreak. 



Going back to German banking methods, we would, in 

 conclusion, ask our readers to refer to what we said in 

 November about the banking machine : " We need, with 

 two big banks a discount bank and many smaller ones, 

 entirely independent of each otlier but working in unison, 

 to help our trade pioneers and to rtnance the small push- 

 ing man as well as the merchant prince and millionaire 

 contractor." In Germany, we are told, " there is first, 

 what may be called the permanent group of banks round 

 each leading bank. The Deutsche Bank group consists, 

 for instance, of about twenty banks with a combined share 

 capital of something like ^50,000,000. . . . Most of 

 the large banks and private banking houses have combined 

 to form, in the case of China, the Deutsche Asiatische 

 Bank, thus assuring united action, not only with reference 

 to Chinese, but also to all Asiatic financial operations, the 

 new powerful syndicate, led by the Disconto-Gesellschaft, 

 undertaking the common planning and managing of loans 

 and advances to the central Governments, provinces, and 

 railroad companies in China, Japan, and Korea, and the 

 organizing of railroad and mining companies in China." 



This is the class of institution or banking machine that 

 we need not only in China to cover the East, but also, 

 and especially in Argentine and Brazil, in the West. Such 

 institutions, influentially supported and ably managed, will 

 do as much to push our political and financial influence 

 throughout the world as will our ability to stamp out the 

 bhghting effects of Prussian militarism in Europe. We 

 have the capital to carry out such ideas, but are the trained 

 men there to do the work? — we fear not, that is, not to the 

 extent that we shall need. They can, however, be trained 

 fairly quickly if we have the educational machinery ready 

 and waitmg for them as soon as they return from the War. 

 This, therefore, brings us to the question of education dealt 

 with in Section V. 



