14 JUNE 1873, Page 2

The Russians have launched a small ironclad, the Novgorod, on

the Black Sea, and the Tory papers are very much offended. Well, the way that Treaty was torn up was not creditable to, us ; but it must be remembered that a Russian fleet or port is not a new danger to us, but a new security. We cannot get at Moscow, but we can get at Russian war-ships, unless locked up in Cronstadt, very easily. A strong German fleet on the ocean would increase our influence in Germany one-third.