THE PRACTICAL OUTCOME

Yet in this matter the English assume either that the Germans will be less persistent than they, or that in this contest their backs will break first. A coadjutor of Lord Roberts is calmly talking of a Naval Budget of 400 or 500 million dollars, and universal service as well, as a possibility of the all but immediate future.⁸ If England can stand that now, why should not Germany, who is, we are told, growing industrially more rapidly than the English, be able to stand as much? But when she has arrived