The collapse of the financial negotiations in Paris and London offered the _Deutsche Bank_ an opportunity which its directors were too shrewd to overlook. Dr. Helfferich was despatched to Constantinople and within a few weeks had secured the contract for the entire issue of $30,000,000 of the Ottoman Four Per Cent Loan of 1910, upon terms almost identical with those agreed upon with the French syndicate before M. Pichon’s interference. “On this occasion,” writes Djavid Bey, “the Germans handled the business with great intelligence and tact. They brought up no points which were not related directly or indirectly to the loan, and they made no conditions which would have been inconsistent with the dignity of Turkey. This attitude of Germany met with great approval on the part of the Turkish Government, which was then in a very difficult position. The result was the greatest diplomatic victory in the history of the Ottoman Empire between the revolution of 1908 and the outbreak of the Great War.”[10] The purchase of the loan of 1910 by the _Deutsche Bank_, however, did not solve the financial problems of the Young Turk Government. It was essential that measures be taken to increase the revenues of the Ottoman Empire. Accordingly, negotiations had been conducted during 1910, and were continued until midsummer of 1911, to secure the consent of the Powers to an increase of 4% in the customs duties. It was apparent from the outset that the British Government would block any project for an increase in Turkish taxes, unless it were granted important compensations of a political and economic character and unless it could determine, in large measure, the purposes for which the additional revenues would be expended. In this respect, also, it appeared that Entente policy was standing in the way of the success of the Revolution in Turkey!