By Rear-Admiral S. B. Luce, U.S. Navy.[Reprinted from the North American Review.]
In his "Essay on History," Lord Macaulay observes that "no past event has any intrinsic importance; the knowledge of it is valuable only as it leads us to form just calculations with respect to the future." Agreeably to that precept, a retrospective survey, so appropriate in this centennial year, will enable us to form just calculations as to what may be reasonably anticipated in respect to the development of our new navy. A necessary condition of the forecast is that no violent political eruptions or international complications shall disturb the course hitherto followed by legislation on naval affairs.