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180 of ships, but for all the land services in connection with shipping, a fact to-day more clearly realised in Britain than ever before. In regard to land-power we have seen that the camel-men and horsemen of past history failed to maintain lasting empires from lack of adequate man-power, and that Russia was the first tenant of the Heartland with a really menacing man-power.

But man-power does not imply a counting only of heads, though, other things being equal, numbers are decisive. Nor does it depend merely on the number of efficient human beings, though health and skill are of the first importance. Man-power—the power of men—is also, and in these modern days very greatly, dependent on organisation, or, in other words, on the 'Going Concern,' the social organism. German Kultur, the 'ways and means' philosophy, has been dangerous to the outer world because it recognises both Realities, Geographical and Economic, and thinks only in terms of them.

The 'Political' Economy of Britain and the 'National' Economy of Germany have come from the same fountain, the book of Adam Smith. Both accept as their bases the division of labor and competition to fix the prices at which the products of labour shall