States consul at Hamburg sees them in the "rapid transformation of the
country from a non-producing nation into one of the foremost industrial
powers of Europe, a large available supply of excellent and cheap labor,
and the geographical situation of the empire."[CX] The historian of
Modern Germany sees them in German business methods:

"The astonishing success of the German shipbuilding industry is
due partly to its excellent management and organization; partly
to the application of science and experience to industry; * * *
partly to the harmonious co-ordination and co-operation of the
various economic factors which in more individualistic countries,
such as Great Britain, are not co-ordinated, and often serve
rather to obstruct and to retard progress by unnecessary friction
than to provide it by harmonious action."[CY]

FOOTNOTES:

[Footnote CJ: For this Memorial see U.S. Con. Rept., no. 112, Jan.,
1890, pp. 108-118.]

[Footnote CK: J. Ellis Barker, "Modern Germany," 3rd edition, 1909.]

[Footnote CL: Wells, p. 166.]

[Footnote CM: U.S. Con. Rept., no. 61, 1886, pp. 285-287.]

[Footnote CN: Barker, 3rd ed.]

[Footnote CO: Meeker.]