reflex instinct to protect her affected his judgment?

'You may be right,' he said at last. 'I don't think I want you to be, but that's beside the point.' He rubbed his chin for another long moment, then met Matthews' eyes once more. 'I'm not saying I agree or disagree with you, but what makes it so urgent to press the point right this minute?'

'The Manticorans will have to pull their last capital units out of Yeltsin within two months, Your Grace,' the admiral said quietly.

'They will?' Benjamin sat up, and Matthews nodded. 'No one's said anything about it to me or Chancellor Prestwick, not yet, at least.'

'I didn't say the decision had been made, Your Grace. Nor did I say they wanted to. I said they'd have to do it. They won't have any choice.'

'Why not?'

'Because the momentum is shifting.' Matthews laid his tunic across his lap, extracted an old-fashioned hardcopy note pad from one pocket, and opened it to double-check the figures he a jotted in it.

'In the war's first six months,' he said, 'Manticore captured nineteen Havenite star systems, including two major fleet bases. Their total capital ship losses during that time were two superdreadnoughts and five dreadnoughts, against which they destroyed forty Havenite ships of the wall. They also added thirty-one capital ships to their own order of battle, twenty-six captured units, exclusive of the eleven Admiral White Haven gave us after Third Yeltsin, and five more from new construction. That put them within roughly ninety percent of the Peeps' remaining ships of the wall, and they had the advantage of the initiative, not to mention the edge the Peoples Navy's confusion and shattered morale gave them.

'In the last three months, however, the RMN's captured only two systems and lost nineteen capital ships doing it, including the ten they lost at Nightingale, where they didn't take the system. The Peeps are still taking heavier losses, but remember that they have all those battleships. They may be too small for proper ships of the wall, but they provide a rear area coverage the Manties can't match without diverting dreadnoughts or superdreadnoughts, which frees a higher percentage of the Peeps' ships of the wall for front-line use. Put simply, the Peeps still have more ships to lose than Manticore does, and the war is slowing down, Your Grace. Peep resistance is stiffening, and the Manties are transferring more and more of their own strength to the front in an effort to hang onto their momentum.'

'How bad is it?' Benjamin asked intently.

'As I say, their losses are climbing. They've already reduced their Home Fleet to barely a third of its prewar strength, and it's not enough. I think they know it, too, but they also know the Peeps are going to bring them more or less to a halt in another few months. They're trying to push as hard as they can before that happens, to get as deep into the People's Republic as possible before the Peeps can start thinking about counterattacks. That means they're going to start calling in every ship they can spare, maybe even a few more than they can withdraw with complete safety. Given that the last of our own SD’s recommissions in January, Yeltsin's Star is certainly one place they can trust to look after itself. In light of that, I'm astonished they haven't already pulled out the last of their capital units. Certainly no strategist worth his salt will leave them here much longer, Your Grace. They can't.'

Benjamin rubbed his chin again. 'I knew things were slowing down, but I hadn't realized how drastically. What's changed, Wesley?'

'That's hard to say, Your Grace, but I've been in correspondence with Admiral Caparelli, and Admiral Givens at the Manties' ONI confirms that this Committee of Public Safety that's running the PRH has consolidated all previous security organs under one new, monster umbrella. You'd have to look back to Old Earth's Totalitarian Age for a parallel to how ruthlessly they've purged their officer corps, and there are rumors they're sending out 'political officers' to watchdog their fleet commanders. Their purges cost them virtually all their senior, and experienced, flag officers, and the officers they haven't killed off are competing out of their class against the RMN, but the ones who survive are learning... and they know what'll happen if they fail the new regime. Add in some sort of political commissars to remind them of that, and you get a navy with a powerful will to fight. They're far clumsier than the Manties, but their navy's still bigger, and once some of their new admirals start lasting long enough to gain the experience their predecessors had...'

Matthews shrugged, and the Protector nodded unhappily.

'Do you expect Manticore to totally lose the initiative?'

'Not totally, Your Grace. What I do expect is a period of balance... and then for things to get really nasty. I imagine the Peeps will try a few counterattacks, but I also expect the Manties to chew them up when they do. I can't predict events with any certainty, but I can give you my personal estimate of what's going to happen, if you want to hear it.'

Benjamin nodded, and Matthews raised his hand, extending one finger at a time as he made his points.

'First, there'll be a period of stalemate, with both sides skirmishing for advantage but with neither daring to withdraw too many ships of the wall from the main combat area. Second, the Alliance will get its industry fully cranked up. The Manties are already there. They had eighteen of the wall under construction in the Star Kingdom itself from prewar programs; those units are now proceeding on a crash priority basis to commission over the next six months, and their new war program will start delivering additional units within ten months. Our own yards will complete our first home-built SD about the same time, and the Manty yards in Grendelsbane and Talbot will do the same. Once we hit our stride, we'll be turning out four or five of the wall a month.

'On the Peeps' side, they've already effectively lost their advantage in ships of the wall, and the Manties have taken out a half dozen of their major forward service bases. That means simply repairing battle damage will put a greater strain on their building yards and, in turn, slow construction rates. Despite its size, their industrial plants less efficient than the Alliance's, and I don't think they can outbuild us. On the other hand, we can't outbuild them, either, certainly not by a decisive margin, and they still have the battleships I already mentioned. Which means, three, that this is going to be a long, long war unless one side or the other completely screws up.

'In the long run, the decisive factor will probably be the relative strengths of our political systems. At the moment, Pierre and his Committee have instituted what amounts to a reign of terror. Whether or not they can sustain that, or find something more stable to replace it, is the critical question in my own view, because this war isn't about territory anymore. It's become a war for survival; someone, either the Kingdom of Manticore and its allies, including us, or the People's Republic of Haven, is going down this time, Your Grace. For good.'

Protector Benjamin nodded slowly. Matthews' assessment of the war's political dimensions dovetailed exactly with his own, and he'd developed a powerful respect for the high admirals military judgment.

'And that, Your Grace,' Matthews said quietly, 'is why we need Lady Harrington. Virtually our entire cadre of senior officers was wiped out in the Masadan War, and we're promoting men who've never skippered anything heavier than a light attack craft to command destroyers and cruisers, even battlecruisers. My own experience is limited enough by Manticoran standards, and when the Manties pull out, I'll be the most experienced officer we've got... except for Lady Harrington.'

'But she's a Manticoran officer. Would they even let us have her?'

'I think their Admiralty would be happy to,' Matthews replied. 'It wasn't their idea to put her on half-pay, and, historically, the Star Kingdom often 'loans' half-pay officers to allies. They've already loaned us a lot of other officers and enlisted people, for that matter. I don't know what political impact commissioning Lady Harrington in our Navy would have, of course. Given her expulsion from their House of Lords, I suppose it might be viewed pretty negatively, but my impression is that Queen Elizabeth is firmly in Lady Harrington's corner.'

'She is, and so is most of the House of Commons,' Benjamin murmured. He leaned back and closed his eyes in thought, then sighed. 'Let me think about it. I agree with your assessment, and I agree we need her, but whether it's parochial and protective of me or not, I refuse to place fresh demands on her until I'm certain she's ready to bear them. It won't do her or us any good to drive her too hard too soon.'

'No, Your Grace,' Wesley Matthews said respectfully, but deep inside he knew he'd won. Benjamin Mayhew was a good man, one who cared deeply for the woman who'd saved his world from Masada forty-two T-months ago, but he was also the planetary ruler of Grayson. In the end, the overriding responsibility of that position would

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