illustrated by the results of the seizure of part of Lorraine by Germany
from France in 1870. Lorraine contains great stores of coal and iron
ore. These Germany wanted. So that part of Lorraine was demanded which
would give to Germany rich mines of coal and iron. Some other ore
deposits, which could not be easily utilized, she left to France. Not
long afterwards a new process for making iron was discovered which made
the French deposits more valuable than those Germany had taken.
Undoubtedly one of the reasons for the present war was that Germany
wished to increase her national wealth by seizing the iron mines that
had become so valuable.

Many times before 1870 the Prussians had made large gains, in the way of
increased territory and prestige, by means of war. It was the boast of
many Prussian kings that each one of them had added to the lands over
which he ruled. In almost every instance this increase was due to a
successful war, enabling the king of Prussia to seize territory which
did not belong to him.

The indemnity which may be collected from a conquered nation is also a
source of profit to the conqueror. The money is deposited by the
government in banks, which thus have large sums ready to lend to
manufacturers and merchants who wish to increase their business. The
result of this is a great stimulation of manufactures and commerce. In
the case of Germany, the effect on industry of the $1,000,000,000 of
indemnity which she received from France following the Franco-Prussian
war was so great that Germany was soon manufacturing more than her
people could consume, and German commercial agents spread all over the
globe seeking to find profitable customers for the surplus.

On the other hand, the German leaders have failed to realize that the