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1887] new institutions. The excuse which was made for these laws was not a sufficient one. It is seldom necessary to meet political assassination by repressive measures, for they must always create a danger which they intend to avert. There was not the slightest ground for supposing that either Hobel or Nobeling had any confederates; there was no plot; it was but the wild and wicked action of an individual. It was as absurd to put a large party under police control for this reason as it was to punish Liberals for the action of Sand. And it was ineffective, as the events of the next years shewed; for the Socialist law did not spare Germany from the infection of outrage which in these years overran Europe.

The Socialist laws were soon followed by other proposals of a more useful kind, and now we come to one of the most remarkable episodes in Bismarck's career. He was over sixty years of age; his health was uncertain; he had long complained of the extreme toil and the constant annoyance which his public duties brought upon him. It might appear that he had finished his work, and, if he could not retire altogether, would give over the management of all internal affairs to others. That he would now take upon himself a whole new department of public duties, that he would after his prolonged absence appear again as leader and innovator in Parliamentary strife—this no one anticipated.

Up to the year 1876 he had taken little active part in finance; his energies had been entirely absorbed by foreign affairs and he had been content to adopt and support the measures recommended by his tech-