Great Britain can any day close the Channel to all shipping or can drive Holland to the enemy and blockade her ports.
Let us take a little farther view into the future.

If Germany win, will it make any difference what position Great Britain took on the Declaration of London?
The Monroe Doctrine will be shot through.

We shall have to have a great army and a great navy.

But suppose that England win.

We shall then have an ugly academic dispute with her because of this controversy.