We cannot find space to summarize Thursday's debate, but may
note that Mr. Asquith's speech was very adroit and, from his point of view, very sagacious. If he has a talent for letting the ship drift into difficulties, which a little foresight would have avoided, he has also a wonderful talent for getting her out of tight—we had almost said impossible—places. Mr. Boner Law's indictment of the Ministers was overwhelming, and showed once more that be is a Parliamentary speaker of the very highest order. His scornful dismissal of the Chancellor of the Exchequer's theory of luck could not have been better put. The speech, however, was a good deal more than a torrent of able invective. It closed with a note of true statesmanship. What would happen in war if the national resources were depleted in time of peace ?
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