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Tuesday was submarine day in the Conference. It may be

said at once that by far the most striking contri- bution to the discussion on submarines was Signor Grandi's suggestion that if capital ships were abolished the way would be clear, which it obviously is not now, for the abolition of submarines. This was a direct challenge to Great Britain and the United States. It was a daring appeal to men of daring—to men who might dare to take what will be called a tremendous risk, though for our part we cannot help feeling that the risk would be the safest course of all.

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