Let us first discuss No.

I.
This, the ordinary man in the street view, is that as Ireland would be as much a part and belonging to Great Britain after a war as before it, whatever the termination of that war might be, she could not fail to share the losses defeat must bring to a common realm.

The partnership being indissoluble, if the credit of the house were damaged and its properties depreciated, all members of the firm must suffer.

In this view, an Ireland weaker, poorer, and less recuperative than Great Britain, would stand to lose even more from a British defeat than the predominant partner itself.

Let us at once admit that this view is correct.