"Des ganze Deutschland soil es sein! O Gott vom Himmel, sieh' darein, Und gib uns rechten deutschen Muth; Dass wir es lieben treu und gut! Des soil es sein! des soil es sein! Des ganze Deutschland soll es sein!" The official title of the sovereign is not Emperor of Germany, or Emperor of the Germans, but German Emperor. Thus the territorial rights of other heads of states are safeguarded. Even the popularity of the first Emperor, who wished to be named Emperor of Germany and who disputed with Bismarck for hours over the question, could not bring this about, and he was proclaimed at Versailles merely German Emperor. However heavy the burden of armament may be, we must be careful to put such expenditure in its proper perspective and in its proper relations, not only to the German Empire, which for official, clerical, and statistical matters is quite a different entity, but to "das ganze Deutschland." The German Empire is the clearinghouse, the adjutant, the executive officer, the official clerk, the representative in many social, financial, military, and diplomatic capacities of Germany; but it is not, and never for a moment should be confused with, what all Germans love, and what it has cost them blood and tears and great sacrifices to bring into the circle of the nations, the German Fatherland! In 1910 the total funded debt of the empire amounted to 4,896,600,000 marks, and the debt in 1912 had risen to 5,396,887,801 marks. In the six years ending March, 1911, Germany's debt increased by $415,000,000. In 1910 the funded debt of Germany (empire and states) was $4,896,600,000; of France $6,905,000,000; of England $3,894,500,000, and of Russia $4,880,750,000. It is a curious psychical and social phenomenon that, though we are as suspicious as criminals of one another's good faith in keeping the peace, we are veritable angels of innocence in trusting one another financially, for back of these huge debts we keep in ready money, that is, gold, to pay them: Germany at the present writing $275,000,000 in the Reichsbank; France $640,000,000 in the Bank of France; England a paltry $175,000,000 in the Bank of England; and Russia $625,000,000 in the Bank of Russia. We all live upon credit, an elastic moral tie which seems to be illimitably stretchable, and both a nation's and an individual's wealth is measured not by what he has, but by what he is, that is to say, by his character or credit. It is startling to find how we distrust one another along certain lines and how we trust one another along others. The total amount of gold in these four countries would just about pay the interest at four per cent. for two years on their total indebtedness!