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308 but the constructional error would rather be of too little bulk than too much—in sufficient bulk protection against the torpedo is certainly to be found. Also, since no weapon is without its antidote, the argument is to be met by the statement that if the Lord Nelsons are to be so disposed of, it simply means that the antidote has not been sufficiently sought for in them. At the same time this is undoubtedly the strongest argument advanced by the 'moderate dimensionists,' and one that would demand more examination were it possible to believe that five or six medium ships would ever be built instead of four larger ones. The money for building ships is found by a public which reckons battleships by numbers and by numbers only, and in these days when powerful voices cry out against 'bloated armaments' it would be very difficult to secure sanction for the additional ships necessary to produce the same tonnage total as the four large ones.

This particular point is one generally overlooked, but it is going to be an extremely important one in the future, as Members of Parliament prepared to argue against the vote for New British Construction increase. In the United States men with similar ideas have arisen also. These advocates of economy have one invariable method: they take the number of battleships existing (without regard to age or size) and therefrom deduce that the need for increase in numbers is comparatively small. Their arguments are directed on those who hold the national purse strings, and in