I leave undecided the question whether complete mutual freedom of international commerce, such as is contemplated by the theory of Free Trade, would not serve the interests of Germany. But as long as most of the countries with which our trade is carried on surround themselves with customs barriers...it does not seem to me justifiable, or to the economic interest of the nation, that we should allow ourselves to be restricted in the satisfaction of our financial wants by the apprehension that German products will thereby be slightly preferred to foreign ones. ... The minority of the population, which does not produce at all, but exclusively consumes, will apparently be injured by a customs system favouring the entire national production. Yet if by means of such a system the aggregate sum of the values produced in the country increase, and thus the national wealth be on the whole enhanced, the non-producing parts of the population...will eventually be benefited.

I will further every endeavour which positively aims at improving the condition of the working classes. ... As soon as a positive proposal came from the Socialists for fashioning the future in a sensible way, in order that the lot of the working-man might be improved, I would not at any rate refuse to examine it favourably, and I would not even shrink from the idea of State help for the people who would help themselves.

There is no doubt, however, that I have caused unhappiness to great numbers. But for me three great wars would not have taken place, eighty thousand men would not have been killed and would not now be mourned by parents, brothers, sisters, and widows. [...] I have settled that with God, however. But I have had little if any pleasure from all that I have done, while on the other hand I have had a great deal of worry, anxiety, and trouble.

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My dear Professor, a war would have cost us at least 30,000 brave soldiers, and at best we should have gained nothing by it. Besides, anyone who has once looked into the glassy eyes of a dying warrior on the battle-field would think twice before beginning a war.

Mein lieber Professor, ein solcher Krieg hätte uns wenigstens 30,000 Mann brave Soldaten gekostet, und uns im besten Falle keinen Gewinn gebracht. Wer aber nur ein Mal in das brechende Auge eines sterbenden Kriegers auf dem Schlachtfeld geblickt hat, der besinnt sich, bevor er einen Krieg anfängt.