I think the Senator from Iowa is misled by a phrase. He speaks of the militia of the sea. It is a captivating phrase, I admit; but the meaning is not entirely clear. The Senator finds it in privateers,--that is, private armed ships, belonging to private individuals, under the command of private persons, cruising against private commerce, and paid exclusively by booty. Such is his idea of a sea militia. I confess this is not very captivating to me. My idea of a sea militia is different. It is all the ships of the country, if the occasion require, under the national flag, in the service of the country as national ships, with the character of national ships, enjoying everywhere the immunities of national ships, and free from the suspicions always attaching to the privateer, wherever it appears. An enactment, authorizing the employment of the mercantile marine in the national service as part of the national navy, would be practical and reasonable. Such a marine might justly be called the militia of the sea; but I must protest against the deceptive militia of the Senator. The bill was taken up by a vote of 31 yeas and 6 nays; but, after ordering the printing of amendments, it was postponed. February 17th, it was taken up again, when Mr. Sumner spoke in reply to Mr. Grimes. MR. PRESIDENT,--The Senator from Iowa [Mr. GRIMES], who has just taken his seat, ingeniously and elaborately vindicates a bill which, at least in one feature, is an innovation upon the original policy of our country; and, strange to say, while doing so, he pleads for what he calls our traditional policy. I, too, plead for our traditional policy, but not the policy of the Senator. And I plead also for a policy which, whether traditional or not, will provide for the national defence according to that best economy which takes counsel of prudence as well as of courage. The Senator, with seeming triumph, asks if we can afford to declare that our whole private marine shall rot at the wharf. Clearly not, and nobody proposes to declare so, although we might as well do this as recklessly provoke war which must drive our commerce from the ocean,--if in no other way, by the increased rates of insurance. I would secure for our private marine the amplest opportunity, that it may continue without interruption to plough every sea with its keels, and that, wherever it appears, it may find its accustomed welcome. The policy of the Senator has no such promise. All will concur in any practical measure at this time for the increase of our strength on the ocean. To this end my vote shall not be wanting. But to my mind it is clear to demonstration that the measure proposed is not practical in character, that it promises no result which cannot be reached better in another way, while it is almost sure to bring upon the country additional embarrassment. It may be bold, but I am sure it is not prudent, nor is there in it economy of any kind.