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Rh Holland 16 with 68 branches; and Germany had a "mere" 13 with 70 branches.

The American capitalists, on their side, are jealous of the English and the Germans: "In South America," they sadly wrote in 1915, "five German banks had forty branches and five English banks had seventy. England and Germany during the last twenty-five years have invested in the Argentine, Brazil and Uruguay, about four billion dollars, which puts under their control 46 per cent. of the total trade of these three countries."

The countries exporting capital have divided the world in the metaphorical sense of the term. But finance-capital has also led to an actual division of the world.