It is one of the humors of the whole Anglo-German conflict that so much has the British public been concerned with the myths and bogies of the matter that it seems calmly to have ignored the realities. While even the wildest Pan-German has never cast his eyes in the direction of Canada, he has cast them, and does cast them, in the direction of Asia Minor; and the political activities of Germany may centre on that area, for precisely the reasons which result from the distinction between policing and conquest, which I have drawn. German industry is coming to have dominating interests in the Near East, and as those interests--her markets and investments--increase, the necessity for better order in, and the better organization of, those territories increases in corresponding degree. Germany may need to police Asia Minor. What interest have we in attempting to prevent her? It may be urged that she would close the markets of those territories against us. But even if she attempted it, which she is never likely to do, a Protectionist Asia Minor organized with German efficiency would be better from the point of view of trade than a Free Trade Asia Minor organized _à la Turque_. Protectionist Germany is one of the best markets in Europe. If a second Germany were created in the Near East, if Turkey had a population with the German purchasing power and the German tariff, the markets would be worth some two hundred to two hundred and fifty millions instead of some fifty to seventy-five. Why should we try to prevent Germany increasing our trade? It is true that we touch here the whole problem of the fight for the open door in the undeveloped territories. But the real difficulty in this problem is not the open door at all, but the fact that Germany is beating England--or England fears she is beating her in those territories where she has the same tariff to meet that Germany has, or even a smaller one; and that she is even beating England in the territories that the English already "own"--in their Colonies, in the East, in India. How, therefore, would England's final crushing of Germany in the military sense change anything? Suppose England crushed her so completely that she "owned" Asia Minor and Persia as completely as she owns India or Hong Kong, would not the German merchant continue to beat her even then, as he is beating her now, in that part of the East over which she already holds political sway? Again, how would the disappearance of the German navy affect the problem one way or the other?