There are two distinct schools of belief in regard to U. S. naval strength. One holds that the Navy is practically adequateneeds a bit of repairing and some incidental building, but should be viewed with no alarm because of weakness. The other holds that our Navy is outranged, outweighed, outsailed by the British and, in no small measure, by the Japanese. The holders of the first opinion include the Administration. The holders of the second are more scattered. They have been represented in particular by William B. Shearer, onetime U. S. naval...
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