Friday's papers contain accounts of a bellicose article con- tributed
to a German magazine, the Deutsche Revue, by Admiral Penrose-Fitzgerald. We have not seen the paper in question, and therefore cannot speak definitely in regard to it ; but if the telegrams fairly represent its general tenor, we cannot acquit the author of a grave indiscretion. It is evidently going to be exploited for all it is worth by the party who desire a bigger German Navy, just as were the exaggerated and misreported versions of Mr. Arthur Lee's speech. We wish that the public here and their mentors in the Press could be induced to consider the question of German naval and political aspirations both more calmly and more seriously. People are always in the extreme either of over-apprehension or of apathetic ignorance.