The allegation that Ballin should ever have attempted to make use of his friendship with the Kaiser for his own or for his company's benefit is, moreover, diametrically opposed to the established fact that he knew the precise limits of his influence, and that he never endeavoured to overreach himself. His "policy of compromise" was the practical outcome of this trait of his character.
The opinion which my close observation of Ballin's work during the last ten years of his life enabled me to form was, as far as its political side is concerned, confirmed to me in every detail by no less a person than Prince Bülow, who, without doubt, is the most competent judge of German affairs in the first decade of the twentieth century. When I asked the Prince whether Ballin could be accused of ever having abused the friendship between himself and the Kaiser for any ulterior ends whatever, he replied with a decided negative. Ballin, he said, had never dreamt of doing such a thing. He had always exercised the greatest tact in his relations with the Kaiser, and had never made use of them to gain any private advantage. Besides, his views had nearly always coincided with those held by the responsible leaders of the country's political destinies. Once only a conflict of opinion had arisen between Ballin and himself on a political question, and this was at the time when the customs tariffs were under discussion. Ballin held that these were detrimental to the country's best interests, and it is a well-known fact that, at that time, there was a widespread feeling as to the impossibility of concluding any commercial treaties so long as those tariffs were in operation.
During the most critical period of the existence of the monarchy--i.e. during the war--Ballin's influence on the Kaiser was but slight. Only on a very few occasions was he able to meet the Kaiser, and he never had an opportunity of talking to him privately, as in former times. It was the constant aim of the Kaiser's entourage to maintain their controlling influence over the Kaiser unimpaired. Even when they last met--in September, 1918--and when Ballin, at the instance of the Supreme Army Command, was asked to explain to the Kaiser the situation as it actually was, he was not permitted to see the Kaiser without the presence of a witness, so that his influence could not assert itself. The fact that the Kaiser was debarred from knowing the truth was the cause of his and of his country's ruin. "The Kaiser is only allowed to know the bright side of things," Ballin used to say, "and therefore he does not see matters as they really stand."