Show TIT E VICTORY LOANA tiling thing difficult of understanding is the lie reactionary spirit which in some quarters seems to have seized hold of american it manifests itself lit in a gloomy and tic view vi ew of the future in no way justified by conditions present or discernible nible and in a disposition to cavil at the further expenditures the government 1 is under the necessity of making mailing III hi order to liquidate the war instead of days of dark foreboding these should lie be days of rejoicing or of confidence and of high resolve america is least injured of any ot of the nations which took I 1 active part in the death grapple with autocracy on the soil of france and ana flanders our fields have not been devastated our homes and factories have not been razed famine does doe snot not stalk among us usa in all material things the nation is richer and stronger than it was before we went to war i Is the american spirit less courageous than is the spirit of the french or of 0 the belgians 10 france rance sorrowing but undaunted has set about to repair tle the wreck the ruthless invader wrought and refuses refines to view the future darkly belgian stripped si stripped ripped of all save honor looks forward to the day when aher a gre greater ater nation will arise on oil the ruins of the old shall america then bend and groan under the imaginings of 0 a burden which it should bear lightly it if felt at all sight never should be lost of 0 the fact that americas war debt is substantially ly all owed to the american people money to meet the interest charges on it and eventually to pay off the principal will low efow back to the sources whence it came A national debt of this character is not a burden to cripple future business it should be kept in ill mind also that the issues of liberty bonds were paid tor for or are being paid for almost entirely by the tha current savings of the he people there vas nias no impairment of the capital which had acau un nin from the savings ot of former years more capital is ia available to day for the financing ot of legitimate business than ever before in the history 1 ot of the nation Aldre moreover over it must he be remember remember for at least two years prior to ohp entrance of this country into war american business enjoyed t unprecedented prosperity with enormous profits untaxed beyond thel the normal levies in affecting the 06 savings I 1 of which they bonghi bought liberty bonds I 1 the american people learned the lessons of thrift the benefits ot of which will be felt by our children and our childrens children the rhe billion dol lar indemnity which bismarck levied in the belief that it would keep keepe france prostrate rejuvenated france and enabled her to become the chief stumbling block to germanys germanas Germ anys dream ot of world domination so americas war dell debt it rightly viewed and rightly handled should make tor for the contentment and prosperity of our people to see in it an obstacle to business progress is to see ghosts and hobgoblins hob goblins and other things thing which have no existe existence ice outside ou aside the realms of fancy |