Legitimate competition increases the business of all
concerned.
The United States of America has reaped especial profit from Germany's
flourishing commercial condition. Germany purchases more from the United
States of America than from any other country of the world. Germany buys
annually from the United States of America approximately $170,000,000
worth of cotton, $75,000,000 worth of copper, $60,000,000 worth of
wheat, $40,000,000 animal fat, $20,000,000 mineral oil and the same
amount of vegetable oil. In 1890 the import and export trade between
Germany and the United States amounted to only $100,000,000, in 1913 to
about $610,000,000. Germany today imports from the United States goods
to the value of $430,000,000, while she exports to the United States
nearly $180,000,000 worth. No nation therefore can judge as well as the
United States what German commerce means to the world.
In what condition are the finances of Germany? In this field our
opponents will be obliged to change their views. In 1912 Germany's
national debt was about 14 marks per capita lower than England's. The
public debt of France per capita was far more than double that of
Germany. Germany, however, has large national assets which offset its
liabilities.
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