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"We are told by a Lord of the Admiralty who represents a Sheffield division that it is all over with the old Manchester school, and that we have got into new days. I do not belong to the Manchester school. I have nothing to say about the Manchester school except this—that I chanced to write the life of a very important leader of that school. and what did Mr. Cobden say upon this very point? He said:—"I am willing to spend a hundred millions on the fleet if necessary". The Radical party have never been the party who denied the great proposition that lies at the bottom of British politics—namely, that we must have absolute supremacy at sea."
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