The daily Nome industrial worker., 1918-03-04

| cial depression as German owned
 stocks were quietly pushed into the
 market.
 In New York as I found after ward, there were astonishing slumps
 in quotations. Between July 10th,
 and July 25th, which was two days before the ultimatum was sent ot
 Serbia, Union Pacific dropped from
 154A to 1854. Baltimore and
 Ohio went from 9OA to 78A, and United States Steel slumped with the
 railroads stocks.
 No adeqate explanation was offer ed, and in the absence of anything better there were bitter complaints
 against the Simmons Underwood tcriff as the source of all economic
 evil. The tariff had as little to do
 with it as the Federal Reserve Act,
 which was not as yet enacted into
 law. There was financial depression and a general decline in market quo-
 tations because the German finan-
 ciers were carrying out their part
 of the Kaiser's war plans.
 It was not alone to me that Baron
 Wangenheim told the story of this Berlin conference. Only recently
 the Marquis Garroni, the Italian Am
 bassador at Constantinople, an nounced that Baron Wangenheim
 said the same thing to him, Italy at
 that time being amember of the
 Triple Alliance. My diary shows
 that the conversation with the Ger
 man Ambassador took place on the 26th of August, 1914. This was council in Berlin in which the Kaiser
 gave civilization over to fire and
 sword, and all the details of the meeting were still fresh in Baron Wangenheim's mind
 The dccisicn for war which the Austrian Emperor had confided to
 his Ambassador to Turkey in May, and which the Kaiser fully revealed to his lieutenants in July, was the continuation of plans that had been underway for twenty-five years. Just as Bismarck had plotted and contrived to uinte the German states by war and to create an Empire dominated by Prussia, so the Kaiser had brooded over his own dream of making Germany the master state of the world.
 Throughout all his policies for quarter of a century runs this Weltmackt motif, like the motif of Wagnerian opera. Everything that was done or left undone had it's inspiration in this single purpose. Year in and year out, the Kaiser brooded over this ambition, in which he was the central figure Of a stu pendous moving picture, directing and controlling the destinies of the world.
 When he came to the throne he found a mighty military machine constructed for his use. ItI was not enough. It was Oecessary to create a mighty industrial, fieanc- ial and transportation machine as well, and to create navy that could mobilize this power for use anywhere on the globe.
 The Kel canal was a war mea- sure. Government regulation and | of agriculture was a 1 war measure. The German railroad | systems were developed with eye | single to moving vast armies to the | East and to the west. Everything | that could contribute to the winning | of a war was encouraged by the government. Krupps was made | almost a national institution under the personal patronage of the Kai- ser, who, by the way. was one of [ stockholders.
 Just as the army was in charge of military exports, so German finance, German industry, German agriculture and German administra- ton were all turned over to experts. It was a nation of experts with boundless ambition and infinite ar but with the narrow vision of experts.
 To create this new war machine Inc Kaiser made Germany a great empire. He found a and docile people, and he proceeded to mould them to his new scheme of world domination.