The German Panic (Classic Reprint)

Excerpt from The German Panic

The Cobden Club desire me to write a preface to this interesting essay of Mr. Hobson. Some part of it seems to call in question the recent policy of the British Govern ment, which indeed will be finally judged only when, in time to come, the facts are all known and motives both at home and abroad are fully disclosed. In any case, com ment or criticism 'on this part of the subject would be obviously improper from one who has been a member of the Cabinet. I wish very heartily to acknowledge the fidelity with which Mr. Hobson has handled some of the permanent difficulties which must always beset any Ad ministration in this country under the conditions of to-day. The zeal of the Naval and Military Services in all countries, whose duty it is to see that nations are not caught unprepared, the pressure of inventors and con tractors for the engines and materials of war, of the Press which they control, and of the Press which neither they nor anyone else can control, are constant influences in producing international unrest.

But of themselves they do not account for the uneasy feeling which has existed for some time about our position with Germany.

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