frequented coaling stations--and Horta, one of the most important
centers of the transatlantic cable system. At present the Azores belong
to Portugal, which is at war with Germany. Portugal also owns the Cape
Verde Islands, with the port of Porto Grande, one of the most frequented
coaling stations in the Eastern Atlantic.

[Sidenote: The riches of the African territories.]

"All these territories together have over 100,000,000 inhabitants.
United in a single ownership, and with their various characteristics
supplementing one another, they offer simply immeasurable prospects.
They are rich in natural treasures, rich in possibilities of settlement
and trade, and rich in men who can work and also be used in war. To
demand them is not unjust, and does not offend against the principle of
equilibrium, since Germany would thus only be obtaining a colonial
empire such as England and Russia, France and America, have long
possessed."

Franz Kolbe, in the "Deutsche Politik," a year ago thus described the
future rôle for raiders in the South Atlantic:

[Sidenote: Importance of German-West African Coast in combating Great
Britain.]

"The whole coast of West Africa from the mouth of the Cross River to the
mouth of the Orange River would be in German possession. When one only
remembers what immense achievements were performed by the _Emden_ in
the Indian Ocean and by the _Karlsruhe_ in the Atlantic, without any
naval base, without any possibility of replenishing in port their
supplies of munitions, food, etc., it will be realized what the