The spectator., 1918-10-18
FIGHTING LOAN OBSERVATION GIVEN
 ID FOURTH LOAN
FiRsr WAS FOR AssEMDLY, SEQ oNo FOR ADVANCE GUARD,
 THIRD TOR OPENING oUNs.
NOW TnE "HoT STUFF" IS ON
Wtsh Thls Llhsrty Loan issus the Hun 0Hmpsss the Fiery
 Wrttino.

When the First Liberty Loan was raised. in 1917. America was merely planning her armies The First Loan waA used to bolster up the credit of our Allies. When the Second Loan was on we were just beginning to get the vanguard. the patrols. we might say of our forces overseas.
 When the Third Loan was floated the German drive was getting under way and the Allied line in the west was trembling Even then our troops. while arriving In vast numbers. were not playing any active part in the giant battles that were laundering from the North Sea down across France.
 But the Fourth Loan, We have made history in the last few weeks. Who will ever forget Chateau Thierry and Belleau. Or Cantigny or the des perate fighting in the Marne salient, the splendid victorious rush of the Americans out of the Compiegne Wood on the German flank, or the grim bat ting side by side with Frenchmen on the way to St. Gobain Wood? We have been fighting since that Third Loan went over. We are fighting now.
 Response From the Homes.
 This Fourth Loan is Fighting Loan" America has seen her dead in the hills and fields of France. Our oas- ualty lists are lengthening. We are faintly sensing the hurts that England and FrAncs have felt for more than four years. But our resources in men and money have been scarcely touched, while France and England have been steadily throwing in their human and financial resources for weary year after year
 But we have had taste of the real quality of the greatest war in history. This loan will be subscribed in many homes with the realization that one who has gone will never again gladden. the doorway, and in thousands of oth- CT homes there will be the tense reali zation that every bond bought and every dollar subscribed Is helping to back up the led overseas who has gone from that home
 American cannon are laundering in the Toul sector, they have smashed their way into St Mihiel. they are msnacins the Rhine cities and roaring over the war-weary fields of PiGardy. AS we raise this loan we have the feel ing that at last we have gone in" and are massing for that last series of ter rife blows that are 10 shake the i'm psrial German strOngholds from cen ter to circumference
 For this is . Fig hting Loan" Those that have gone before were the loans Of preparation. of making ready. but at last we are ready. Our full strength is finally being mobilixed The Hun has felt the power of America and has reelsd under the strength of the New World that has come 10 the rescue of the old. With the Fourth Liberty Loan the German has glimpsed the fiery writing. painted on the skies of France and along his own borders by the great guns of America.
 This is tho Fighting Loan" There is 4n American Sector" now It Is no tiny little fragment of the great line that runs up from Switzerland to the sea. It is growing and growing. re hsvinS the tired fighters of France and the wearted men of Britain. giving them . chance to rest and again hurl themselves into the line that is now moving eastward and uOrthWArd with the relentlessness of Fate.
 And the "Tighting Dollars of Amer ioa are backing up that fighting line of American olive drsb and making the lighting Loan" one of the mile stones of the great war