many years ago at the time of the Naval Defence Act it was god-fathered by many distinguished retired admirals who had the old wars with France in mind, and failed to realise that the conditions which then obtained will never be reproduced in the future.
The future will see no more little privateers: letters of marque cannot be resuscitated. Public opinion will not sanction the privateer; and all corsairs will be either orthodox cruisers or else armed liners—the supply of which is by no means very numerous. The 'any moderately fast vessel' days are over—a fair speed and a good coal supply are essential to a corsair.
It is doubtful also, whether many fast liners are available as corsairs. In the first place few Powers have many, in the next such vessels are likely to be found very excellent and much needed as destroyers of destroyers, since they can be so much more safely risked than cruisers.
However, if the swifter be used as corsairs, the popular 'cruiser patrols' are not likely to concern them much; as little cruisers will never catch a liner designed always to travel at top speed.
Supposing the hostile armoured cruisers to be utilised, again the popular cruisers do not promise well. They can do little save get sunk with a loss of men that will entail in pension funds about as much money as the value of any mercantile shipping that they are ever likely to protect.
What in fine can they do at all?
