met him, knew that he was an authority on all American matters, and hence was desirous of conferring with him on an important subject affecting Germany and the United States. Mr. Villard at once offered to pay his respects to the Chancellor, and met him by appointment, the evening of the same day, at his official residence. He found Count Caprivi a truly imposing personality in every way, of commanding physical presence, most polished manners, and a ready conversationalist. He impressed one at once as every inch a gentleman, with a superior mind, of strict integrity, natural frankness, and quick and correct judgment, all of which qualities he really possessed. The Chancellor told Mr. Villard that he wished to consult him confidentially regarding a serious problem that had come before him within a few days. The passage of an extreme protection measure by the American Congress (the first McKinley tariff) had moved one of the Continental Powers to suggest to the others that the time for a retaliatory policy against the United States had come, and to propose a conference for the consideration of joint offensive measures. He wished to know Mr. Villard's opinion as to the course Germany ought to pursue regarding the matter. His own judgment was against the proposed action.
Mr. Villard replied that he thought the Chancellor's conclusion the correct one. As for himself, he was a radical free-trader, and therefore his judgment might be biassed, but he was confident that the very extreme to which the new tariff bill had gone, and the suspicious circumstances under which it was passed, would immediately produce a reaction in the United States. He believed, too, that this reaction would find expression in the election of a new Congress in the following month. He could but urge the Chancellor to await the result of that election, which would no doubt of itself put a stop to the suggested demonstration of the Powers. Mr. Villard offered to cable to good judges of the political situation as to the outcome of the election and advise him of their answer. The Count ac-
