One would think that this immense yearly addition of steamships represented in the foregoing tables would soon go beyond the world’s needs, but the almost incredible losses from wrecks, casualties, and other reasons for disappearance from the register, must be considered. There were lost or abandoned, in the fiscal year ending June 1890, 238 steamers and 588 sailing vessels of our fleet, a total of 165,508 tons; 311,220 tons disappearing in the same period from the British Register, going to swell the gigantic total of 6,795 vessels, representing 2,349,034 tons of British shipping totally lost at sea in the ten years 1880-89 inclusive. In the face of these tremendous figures the ship-builder need not despair—he need only wait; a few slack years and the gaps in the ranks become so great that building of necessity must re-begin. The lives of ships are indeed more precarious than those of us mortals. They perish at the annual rate of about 30 in the 1,000, whereas our general chances are one-third better. But these losses of ships carry with them the lives of many brave men; with the wrecks above enumerated more than 20,000 persons perished. In this bald statement what vistas of suffering, incapacity, carelessness, negligence, misfortune, and heroism are opened up! Despite the danger of prophecy it would seem safe to say that we shall not go, in the next five years, far beyond the changes which had taken pretty complete shape by 1887. For a while at least the startling transitions of the last decade are not to be looked for, and we can only expect greater power in greater ships on the lines already established. It is well these great transitions should not come too frequently; the ship-owner should be allowed a little breathing time, and should not be continually oppressed by a nightmare of obsolete ships. We may safely say, too, that our own country will have a greater share in shipbuilding than in past years. Our output since 1885 has been steadily increasing, and though the amount has not been great, the change wrought in our shipyards has been revolutionary. The demands of the navy have enabled them to extend and reorganize their plant and staff until they are now on a plane with the best of the world. Coincident with the transformation of the shipyards, and for the same reason, has been that of our steel industry, whereby we now have establishments which it is not Chauvinistic to say are more perfectly equipped than elsewhere.[9] If the rebuilding of the navy had served no other purpose, it had been money well spent.