Evening star., 1917-10-07
mand for the following issues is re-
ported on the bases noted:


Pierce County. Wash. 5s........... 4.s0fo :.
City Of Portland: Ore, 41ss....... 4.!0so
New York City 41as. s................ 4.42ee
State Of Tennessee 4s.............. 4&eo
The city Of Philadelphia was sue
cessful in selling $7,500.000 4fo bonds
over the counter at par. New York City
sold an issue of s15,000.o00 treasury
bills due December 5 at prices ranging
from 3.75eo to a 1866 basis.
J. S. Bache on Liberty Bonds.
]. S. Bache, a New York broker, thus
boosts liberty loan bonds:
There never was a public undertake
ing so full of inducements for partici-
patton as that which now Is offered to
the nation in the way of a government
loan. Absolute safety and unusual in
terest terms for such a security, are
of our existence as a nation is one of
the impelling forces to make every cit
izen do his best. The thoughtless would
perhaps fail to see the force Of this
argument. but he must be made to
know that the ultimate fate Of the
world depends now absolutely upon
America. The allies have been fighting
wild beast for three years. There Is
good proportion of insanity in the
attitude of Germany. Unable to win
into subjection. It has resolved to carry
down its enemies with tiff 1t, itself.
must be destroyed Without the aid of
the United States this destruction
would. in the end. have been wrought
in the allied countries, and il by any
chance the Hohenzollerns had been left
in power, the United States, without
preparation, would have become a vic
tim to the lust for power and a target
for all the brutal Teutonic savagery,
which daily grows more violent.
so that preparation is a necessity
for self-preservation and cannot be
carried on except by the raising of bill
lions upon billions of dollars. Conceive.
If possible, what the situation would
be if now in the United States, the
source of money supply to carry on the
war were dried up.
Germany would take on new hope.
and even now might be able to beat
down its enemies to a point where peace
without victory could be engineered.
such peace would be victory for
Germany. and would be also a peace
without hope for civilization.
consequently. patriotism, the resolve
to stand Loyalty by the nation and de-
fend its life with every power at COM
mand. becomes the ruling motive in
making this second liberty loan a sue
cess.
Back Of all these reasons for univer-
sal subscriptions to the loan there ID
another selfish personal ono which
makes an irresistible appeal to the long
term investor-namely, the certain ap-
probation in price, and to a heavy per-
centage, which will come to these bonds
after the war is over. They will then be
the prime bond Of the world. the direct
obligation OF great nation whose i'm
mense resources. no matter how long
the war may last, will be least proper
tionately drawn upon to meet the dras-
tic strain inflicted upon the human race
by the savage ambitions Of a nation
gone mad with the lust for power and
universal dominion-a nation which, let
no one be deceived. is still thoroughly
united. applauding the attitude and ac-
tions of Its rulers, convinced of it's su-
periority over the rest Of the world and
of it's ability to conquer. stonily dumb
to all human sympathy with the suffer-
ings of innocent women and children Its
victims, and still unrescrvedly approv-
ing the prostitution, murder and devas-
tation inflicted by it's forces on land
and sea. Such nation cannot, 1t would
seem, be disrupted internally. It will
fight on to the end. And the only chance
for civilization is in it's complete sub
jugation and dismemberment."