Essen is a town that before the war had a population exceeding 300,000. A conservative estimate makes the figure to-day nearly half a million. The Krupp Company employ about 120,000. A prevalent illusion is that Krupps confine their war-time effort exclusively to making war material. That is a mistake. A considerable part of Krupp's work is the manufacture of articles which can be exchanged for food and other products in neighbouring countries, thus taking the place of gold. At Lubeck, I saw the quays crowded with the products of Essen in the shape of steel girders and other building machinery going to Sweden in exchange for oil, lime from Gotland, iron ore, paper, wood, and food products, A mining engineer of the great mines at Kiruna, Lapland, told me that he had just given an order for steam shovels from the Westphalian manufacturers, who are also sending into Holland knives and scissors and other cutlery and tools. Germany's principal bargaining commodities with contiguous neutral nations are steel building materials, coal, and dye-stuffs. Coal dug in Belgium by Belgian miners is a distinct asset for Germany, when she exchanges it for Swiss cattle, Dutch cheese, and Swedish wood. When we consider that the great industrial combinations of Rhineland and Westphalia are not only reaping enormous munition profits, but supply the steel and coal which form the bulk of German war-time exports, we can easily understand why some Social Democrats grew dissatisfied because the all-powerful National Liberals resisted a war profits tax for two years. It is noteworthy that several of the more outspoken German editors have been suspended for attacking these profiteers. I should qualify this statement of exports slightly by saying that they pertained up to November, 1916. The effort to put more than ten million men into military uniform resulted not only in the slave-raids in Belgium but in a concentration in munition output that stopped further exports of steel products and coal on a large scale. We should always remember in this great war of machinery that Germany secured a tremendous advantage at the expense of France at the outset when she occupied the most important French iron region of Longwy-Briey. The Germans, as I previously observed, have been working the French mines to the utmost--indeed, they boast that they have installed improved machinery in them. They have, furthermore, been importing ore steadily from Sweden, some of the Swedish ore, such as Dannemora, being the best in the world for the manufacture of tool steel--so important in munition work.