"One reason given to me for this is that their expansion is undesirable because it creates bad feeling with England; and Parties of all shades are beginning to see the hopelessness of success in such competition, and also to acknowledge the logical reasons in support of England's Naval policy. Another reason given is a very real one, and that is that Germans of the Parties indicated are finding the competition costs them much good gold. It is particularly interesting to find this view expressed by conservatives. Of course this growing feeling against the competition is doubly voiced amongst the Radical and Socialist Parties, specially when pinched by taxation.