"The war will certainly have this effect, that the American business world will devote all its energy toward making itself independent of the importation of foreign products as far as possible.... "If the decision is again brought home to German industry it should not be forgotten what position the United States took with reference to Germany in this war. Above all, it should not be forgotten that the 'ultimate ratio' of the United States is not the war with arms, but a complete prohibition of trade with Germany, and in fact, through legislation. That was brought out very clearly and sharply in connection with the still pending negotiations regarding the _Lusitania_ case." That Dr. Albert used secret and perhaps devious means to secure his information is revealed by an unsigned confidential report which he received under most mysterious circumstances concerning an interview by a man referred to as "M. P." with President Wilson and Secretary Lansing. The person who wrote of "the conversation" on July 23, 1915, with "Legal Agent" Levy and Mr. John Simon does not give his name. A striking part of this conversation follows: "Levy advises regarding a conference with M. P. Thereafter M. P. saw Lansing as well as Wilson. He informed both of them that an American syndicate had approached him which had strong German relations. This syndicate wishes to buy up cotton for Germany in great style, thereby to relieve the cotton situation, and at the same time to provide Germany with cotton." (Dr. Albert attempted, with a suitable campaign of press and political propaganda, to inflame the Southern planters over the British embargo on cotton.) "The relations of the American syndicate with Germany are very strong, so that they might even possibly be able to influence the position of Germany in the general political question. M. P. therefore asked for a candid, confidential statement in order to make clear not only his own position, but also necessarily the political opportunity. The result of the conversation was as follows: "1. The note of protest to England will go in any event whether Germany answers satisfactorily or not. "2. Should it be possible to settle satisfactorily the _Lusitania_ case, the President will bind himself to carry the protest against England through to the uttermost. "3. The continuance of the difference with Germany over the _Lusitania_ case is 'embarrassing' for the President in carrying out the protest against England.... "4. A contemplated English proposal to buy cotton in great style and invest the proceeds in America would not satisfy the President as an answer to the protest....