The trials of the Russian war-balloons had been secret, it was true, but he had nevertheless witnessed them, no matter how, and he knew what they could accomplish. It was true that there were in existence even more formidable engines than these, but they belonged to no nation, and were in the hands of those whose hands were against every man's, and whose designs were still wrapped in the deepest mystery.

He therefore besought his hearers not to trust too implicitly to that hitherto unconquerable valour and resource which had so far rendered Britain impregnable to her enemies. These were not the days of personal valour. They were the days of warfare by machinery, of wholesale destruction by means which men had never before been called upon to face, and which annihilated from a distance before mere valour had time to strike its blow.

If ever the Fates were on the side of the biggest battalions, they were now, and, so far as human foresight could predict the issue of the colossal struggle, the greatest and the most perfectly equipped armaments would infallibly insure the ultimate victory, quite apart from considerations of personal heroism and devotion.

No such speech had been heard in either House since Edmund Burke had fulminated against the miserable policy which severed America from Britain, and split the Anglo-Saxon race in two; but now, as then, personal feeling and class prejudice proved too strong for eloquence and logic.

Italy was the most intensely Radical State in Europe, and she was bankrupt to boot; and, added to this, there was a very strong party in the Upper House which believed that Britain needed no such ally, that with Germany and Austria at her side she could fight the world, in spite of the Tsar's new-fangled balloons, which would probably prove failures in actual war as similar inventions had done before, and even if her allies succumbed, had she not stood alone before, and could she not do it again if necessary?

She would fulfil her engagement with the Triple Alliance, and declare war the moment that one of the Powers was attacked, but she would not pour British gold in millions into the bottomless gulf of Italian bankruptcy.

Such were the main points in the speech of the Duke of Argyle, who followed Lord Alanmere, and spoke just before the division. When the figures were announced, it was found that the Loan Guarantee Bill had been negatived by a majority of seven votes.

The excitement in London that night was tremendous. The two Houses of Parliament had come into direct collision on a question which the Premier had plainly stated to be of vital importance, and a deadlock seemed inevitable. The evening papers brought out special editions giving Tremayne's speech verbatim, and the next morning the whole press of the country was talking of nothing else.

The "leading journals," according to their party bias, discussed it pro and con, and rent each other in a furious war of words, the prelude to the sterner struggle that was to come.

Unhappily the parties in Parliament were very evenly balanced, and a very strong section of the Radical Opposition was, as it always had been, bitterly opposed to the arrangement with the Triple Alliance, which every one suspected and no one admitted until Tremayne astounded the Lords by reciting its conditions in the course of his speech.