Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-16

loan which would have frightened
every hoursc, he added. and decided
| that each country should raise the
money II needed within it's own terri
! tories so far as conditions allowed: hut
III help were noad"d for purchases
abroad, those who had means would
| help To the best Of their powcr. rho
only Joint loan would he with rcsuoct
To advances made or to he made to the
smaller OF the allied states
With regard To Russian purchases
the chancellor said il had been decided
that the first $250 OOoo 600 for that pur
pose should be raised in equal amounts
! on the Paris and London markets
FURTHER ACTION TO STor
Foon REACHING GERMANY
| winston Spencer Churchill. First Lord
/ o! the Admiralty, in statement TO the,
h""se az Commons to-day :ntimatcd
'ha' turthe' action would be taken by
me allies t" prevent the importation
of foodstuffs in neutral ships To Ger
many.
The task before MS is both anxious
ana grave said Mr.. churchil I'VE
now are 10 be the object Of warfare
never before practiccd by Il civilized
power. So far. we have not attempted
M a.
have not prevented neutral ships from
! trading directly with German nor,s
! We have allowed German .xpor,s g.,
neutral ships TO pass unchallengcd Rut
| the time is near when the endowment Of
| thcs" immuniti.s by a state which I'm .,
matter or deliberate policy. has placed
hersclf outside Of International obI-
cations, must be rcconsidercd 4 fur
'her dtciarat"n on the part OF the
allied governments will he made which
VIII have the effect of applvipr 10,
| the first tim" the fun force of naval
pressure on the enemy
1T must not be supposed mat because
inc attack is cXtraordinarily good a
reply cannot he made Losses no do,ht
will he incurred, but | believe no vital
injury can be done. If merchant skin
pcrs act in the spirit OF tho captain
OF the Lacrtes and observe certain pre-
cautions. losses will be confined within
manageable Limits, even at the outset.
when tho enemy naturally will mako
his maximum efforts Our reply Will
perhaps he not Ineffective
| Germany cannot be allowed to adopt
n system of open piracy and murder.
| There is good reason for believing tina,
til" economic pressure OF tho nav is'
, Daring the last three months. he
said. there had been 5000 sailngs and
i.+f5 arrivals at ports Of the United
Kingdom. Only nineteen OF these YES
sells had been sunk by Gormauy. and
! OF those only four were destroyed by
ahove-the water craft. The navy had
chartered onc-nfth OF III. British ncr-
camille marine for the purpose OF sun
/ plying food fuel and ammunition To
/ the fleet and tn" troops in the field.
I Mr.. Churchill gave an Interesting re-
view of the naval situation IL. said
efficiency was the keynote of the ad-
miralty's program. and that nj tho out
break Of war the supplies OF ammuni-
| ton. men and oil were complete Every
ship in the navy Fl; for service, as well
as now ships being built for foreign
governments. and armed merchantmen.
mad been fully manned
RIGHT TO BE CONTENT
WITH H:St-I.TS OF I.AHuUS
I'm fact, the German army was no
moro fit for an attempted war on a
gigantic scale than was the British
feet for national defense" he said.
! After six months OF war with new.
dangers and difficulties coming into
| view. we have every right to bc cor
I l'iil w I'M tl!' results oil our In DOrS
making provision for the navy
, only two small cruisers and two
armed merchantmen remain of all the
German preparations to attack our
! trade routes
During the six months of the war.
Mr.. Churchill said. Great Hritain's
total losses at sea, including all ships
except trawlcrs, amounted only to six
ty-three.
| Referring to Vice Admiral Jcllico's
. command Of the sea las silent. unslecp-
/ ing and as yet unchalicngcd" Mr.
Churchill said the admiralty had moved
men 1T home and abroad. including Bel
gian and French troops and wounded tn
the number OF 100000 without an ac-
cidcnt or the loss OF a life
MI. Churchiil said the recent action
! in the North Sea had shown that the
( Navy Is sound as n boil all through"
The new fifteen Inch gun of the navy
he said, was equal in quality to the
l3.5-inch gun, and vastly more power
/ full and destructive
Mr.. Churchill placed the navy's losses
during tho war ut $500 officers and men,
most of whom were killed by sub
marines. The Germans, he said. had
lost a like number. chiefly by gun fire.
The British had taken prisoners eighty
three German naval officers aud 934
men. There were no British naval Dris-
oncrs of war.
WANTS NO COURT MARTIAL.
FOR EACH SHIP LOST
Referring to the suggestion which
has been made that court martial he
held whenever ship was lost. Mr..
Churchill declined To adopt such n
course. He said the theories Of naval
warfare had been changed complctcly
and he felt the suggested court mar
tails might cause commanders to play
for safety and avoid the responsibility
OF positive actions. IN view OF exist
ing conditions. he thought the British
losses had been comparatively few.
y. Bonar Law. opposition leader, who
followed Mr.. Churchill, spoke Of the
| "incvitable Irritation to the neutral