The dead loss of
merchandise involved amounts to about one half per cent. of the total
value--ten shillings in every hundred pounds; or fifty cents per
hundred dollars. That won't starve us into submission.
"But the Germans will build more and more submarines? Very probably.
Still, I think we can leave it to the British and French navies to
prevent undue exuberance in that direction. Our sailors have not been
exactly garrulous during this war, but I think we may take it that
they have not been entirely idle. Has it ever occurred to you that
although there are hundreds of Allied warships patrolling the ocean
to-day, you hardly ever hear of one being torpedoed by a submarine?
Passenger ships and freight ships suffer to the extent I have quoted,
but not the warships. Why is that? Don't ask me: ask Jellicoe! But it
rather looks as if the submarine, as an instrument of naval
warfare--as opposed to a baby-killing machine--had rather failed to
deliver the goods.
"The Deutschland? I take off my hat to Captain Koenig: he is a plucky
fellow.
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