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48 the resources, energy, and skill of the German people will be directed less to naval and military achievements and more than ever to the upbuilding and enlargement of her internal industries, the multiplication of the ships of her merchant marine, and the greater extension of her trade and commerce in all the countries of the world."

On the following morning there appeared in one of the leading New York dailies the following letter from Washington: "Had not yesterday's dispatch from Berlin, stating that negotiations were under way for the purchase by Germany of the Danish West Indian Island of St. Thomas, been given such unusually widespread publicity, the matter would not have attracted the serious attention which is being devoted to it in Washington. It is the general impression in well-informed circles in this city that the tone of the dispatch and its