It has often been spoken and written that in countries such as Germany and Austria, Socialism, to quote but one of the numerous "isms," has undermined existing governmental powers. To a close student, these assertions are absolutely wrong. Teutonic Germanic races have ever been given to deeply analytical, philosophical studies, criticising and dissecting, the policies of their rulers. But underlying, you will find a deeply practical sense and appreciation of material benefits. The German Socialist is in fact a practical dreamer, quite in contrast to his mercurial, effervescent Latin prototype. The rulers of Germany have learned the lesson that the stability of a throne rests in the welfare of her people and everyone must admit that they have succeeded in this respect better than any other dynasty known to history. Germany without doubt is the most uniformly prosperous and civilized country in the world. And therein lies the danger, as no sane and prosperous business can afford to stand still. Neither can a solvent virile nation such as Germany, mark time. For this reason: Two things must happen in the near future. Germany must expand peacefully in Europe, to the northeast and west; or there will be war. The reasons for this I gave in the chapter on "The Isolation of France." And that the chances of peaceful and really sensible adjustment are thoroughly discounted among German men of affairs, must be pretty obvious to the careful reader. An intensely practical and saving people such as the Germans would not spend billions in money, a vast amount of time and labor, in perfecting and keeping up a fighting machine without being thoroughly convinced of the necessity of this investment. Strong, wealthy and powerful as Germany is to-day, the strain is tremendous and for this reason alone existing political and geographical conditions in Europe must undergo a decided change. These changes are bound to occur but it is hard to set a correct time. It may be to-morrow; it certainly will not be more than a decade hence. The death of the Emperor Francis Joseph will precipitate it at once--and he is old and feeble.