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THE WAR.

T'HE Bremen Cotton Exdiange has never occupied it= seif with politics, but, of course, the members could not help taking serious notice of occurences whidi shook the world's foundation. Together, with the expansion of busi- ness, grew also a political apprehension. France was lending milliards upon milliards to the Russian Czardom, with the express condition, that the money had to be ex= pended in preparation for a war against Germany. One saw, that France gave Egypt to England, although it did not own it, on the other hand, England ceded Marocco to France, without having any sovereign right over that coun= try. That Germany had interests in both places, was over* looked. The English newspapers, so widely read in Bremen for their business news, brought articles upon articles, picturing the dangers of a German Invasion. In the most lurid of colors, the cruelties of the war were painted, that was supposed to threaten England, and all this, for no other purpose, than to inflame the passions of the English people.

What did the commerce do in face of these threatening Symptoms?—Nothing! Without an anxious thought, people looked after their business, and showed an optimism, whidi to=day, is inexplicable.

On the 25th of July in 1914 ~ after the Austria-Serbian

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