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The new German Taxation Bills were sent on Saturday to

the Budget Committee after the Chancellor had wound up the general discussion in the Reichstag in an optimistic speech. The idea of an Imperial levy for defence—the authorship of which he attributed to Herr Kuhn, the Secretary of State for the Imperial Treasury—had been well received, and no criticism could diminish the greatness of the impression made through- out the Fatherland by the fact that the widest circles of the people were willing and ready to undertake extraordinary sacrifices for German armaments. In conclusion, he declared his conviction that no people would suffer so much as the Germans from a process of softening and devotion to purely material interests. "We must remain hard, and must be able to defend ourselves."

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