The only territories that England could cede by her own act to a victorious power are such as, in themselves, are not suited to colonization by a white race. Doubtless, Germany would seek compensation for the expense of the war in requiring the transfer of some of these latter territories of the British Crown to herself. There are points in tropical Africa, in the East, islands in the ocean to-day flying the British flag that might, with profit to German trade and influence, be acquired by a victorious Germany. But none of these things in itself, not all of them put together, would meet the requirements of the German case, or ensure to Germany that future tranquil expansion and peaceful rivalry the war had been fought to secure. England would be weakened, and to some extent impoverished by a war ending with such results; but her great asset, her possession beyond price would still be hers--her geographical position. Deprive her to-day, say of the Gold Coast, the Niger, Gibraltar, even of Egypt, impose a heavy indemnity, and while Germany would barely have recouped herself for the out-of-pocket losses of the war, England in fact would have lost nothing, and ten years hence the Teuton would look out again upon the same prospect, a Europe still dominated beyond the seas by the Western islanders. The work would have to be done all over again. A second Punic war would have to be fought with this disadvantage--that the Atlantic Sicily would be held and used still against the Northern Rome, by the Atlantic Carthage. A victorious Germany, in addition to such terms as she may find it well to impose in her own immediate financial or territorial interests, must so draft her peace conditions as to preclude her great antagonist from ever again seriously imperilling the freedom of the seas. I know of no way save one to make sure the open seas. Ireland, in the name of Europe, and in the exercise of European right to free the seas from the over-lordship of one European island, must be resolutely withdrawn from British custody. A second Berlin Conference, an international Congress must debate, and clearly would debate, with growing unanimity the German proposal to restore Ireland to Europe. The arguments in favour of that proposal would soon become so clear from the general European standpoint, that save England and her defeated allies, no power would oppose it.