I think we are building on a sure foundation. [Cheers.] Let us look first at the navy. [Cheers.] The war has now been in progress between five and six weeks. In that time we have swept German commerce from the seas. [Cheers.] We have either blocked in neutral harbors or blockaded in their own harbors [laughter] or hunted down the commerce destroyers of which we used to hear so much and from which we anticipated such serious loss and damage. All our ships, with inconsiderable exceptions, are arriving safely and punctually at their destinations, carrying on the commerce upon which the wealth and industry and the power of making war for this country depends. We are transporting easily, not without an element of danger, but hitherto safely and successfully, great numbers of soldiers across the seas from all quarters of the world to be directed upon the decisive theatre of the land struggle. [A voice, "Russians," and laughter.] And we have searched the so-called German Ocean without discovering the German flag. [Cheers.] Our enemies, in their carefully worked out calculations, which they have been toiling over during a great many years, when the people of this country, as a whole, credited them with quite different motives, ["Hear, hear!"] have always counted upon a process of attrition and the waste of shipping by mines and torpedoes and other methods of warfare of the weaker power, by which the numbers and strength of our fleet would be reduced to such a point that they would be able to steel their hearts and come out and fight. [Cheers.] We have been at war for five or six weeks, and so far--though I would certainly not underrate the risks and hazards attending upon warlike operations and the vanity of all overconfidence--but so far the attrition has been on their side and not on ours, [cheers,] while the losses which they have suffered greatly exceed any that we have at present sustained. I have made careful inquiries as to the condition of our sailors in the fleet under the strain put upon them, and this continued watching and constant attention to their duty under war conditions, and I am glad to say that it is reported to me that the health of the fleet has been much better since the declaration of war than it was in time of peace, [loud cheers and laughter,] both as to the percentage of sickness and the character of the sickness, [laughter,] and that there is no reason why we should not keep up the same process of naval control and have the same exercises of sea power, on which we have lived and are living, for what is almost an indefinite period. The Nose of the Bulldog.