Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1917-05-23

tack upon the vipers of the sea are
invented and developed.
We must build ships and build them
fast. Consider what 500 food ships
now in service would mean to the
submarine menace. The ocean cross
ing is about 5000 miles. With this
great fleet OF armed ships under
single directing head they could be
so handled that every eight mile
stretch of ocean. easS and west, would
al all times have fOuA ships in it.
two going and two returning A sub
marine showing itself would be
hemmed in on every side. An attack
on one ship would warn dozens Of
others, to fee or to take measures Of
self-defence. Add TO this self-con-
tanned power of the merchant ships
themselves the further naval protec-
ton of the combined United states,
British and other allied fleets and it
must be conceded that the outlook
for submarine victory is but a shadow
growing beautifully less
But the keystone OF our edihce OF
success is the fleet of merchant ships.
To build and operate these means
money To raise and equip our armies
takes money. To support our allies
with whom our interests are mex
tr cably interviewer. and who have
been fighting our battle for two
years and half takes money
Hence the Governments appeal to
the people for money, swiftly con
tributed and in ungrudging quantity.
In asking this the nation does not
fail to offer unexceptionable security.
What in effect is one Of these Liberty
Bonds? A mortgage upon the United
States! Precisely this and nothing
less. The man who buys a bond gets
for security his proportion of all the
United States owns, its wide public
lands, its forests. its mines, its har-
bors and real property IN scores of
cities. Back of the bond. besides the
illimitable material security, lies the
whole taxing power of the nation. So
far as safety is concerned nothing ap,
proaches the Liberty Bonds.
The income? Three and a half per
cent today. More perhaps later if the
eXigencies Of war compel the issuance
of new bonds bearing higher interest.
This is more than postal savings de-
posits pay Il equals the average saw
ings bank interest. But the principal
in free Of all taxation-a material adj
vantage in the face Of war time rev.
enue legislation. The fortunate man
who holds these bonds enjoys the
possession OF gilt edged securities.
Then the patriotic duty is TO be
considered. We have already shown
that whatever sentimental considera-
tions may have contributed to our
entrance upon this war the fundamen-
tai purpose was to defend our country
from the clearly indicated plans of
the Germans for its conquest.
We want to make democracy safe.
Yes. But more than that we want to
make the United States safe, to guard
against its possible dismembership
and mutilation by the German sword
We want to fight the menace of a
/ tyrant with worldwide ambitions. to
say to the only remaining European
autocracy: Keep to your own terri
tory. The United States was born
/ free and free It shall remain"
/ And this we shall do. Amid delay
and pickering. perhaps. our armies
, will be created and our ships built
but OF their ultimate success there is
no doubt. Neither is there doubt o.
the peoples response TO the nations
appeal for funds. Let those who are
entrusted with placing the loan tel
the people, as we tell them here. why
we arc at war and why this money
is needed and it will be Forthcoming
] in unstinted measure. The nation il
I prosperous, the peoples hands ar,
full. In the face of the nations fgh
! for its honor for it's liberty. for IL
very existence. no grudging respons,
need be feared