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“Persons who clamor for governmental control of American railways should visit Germany, and above all Russia, to see how such control results. In Germany its defects are evident enough; people are made to travel in carriages which our main lines would not think of using, and with a lack of conveniences which with us would provoke a revolt; but the most amazing thing about this administration in Russia is to see how, after all this vast expenditure, the whole atmosphere of the country seems to paralyze energy.”

“The result of the revolution in Germany has been to establish a democracy in the best sense of the word. We are steering towards an order of things guaranteeing a process of a natural and reasonable selection in the domain of political leadership, thanks to which that leadership will be entrusted to the most competent, irrespective of their descent, name or fortune. The memorable words of the great Corsican that every soldier carries a Field Marshal's baton in his knapsack, will find its political complement in Germany.”

“Germany will always do the minimum to preserve the euro. Doing the minimum, though, will perpetuate the situation where the debtor countries in Europe have to pay tremendous premiums to refinance their debt. The result will be a Europe in which Germany is seen as an imperial power that will not be loved and admired by the rest of Europe - but hated and resisted, because it will perceived as an oppressive power.”