Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1918-02-18
THE SITUATION TODAY.

began, the determination to push the
struggle to the end was never more
resolute than now.
The greatest obstacle to peace is
probably the attitude of military Ger
many. This is something to which
civilization can not and will not con-
sent so the war weary Titans must
continue their wretched struggle un-
til victory definitely decides which
side is the strongest.
Happily endurance, as well as rea
son. justice and liberty, are on the
side of the allies, whose unlimited
resources and stoutheartedness will
eventually bring the war to a success
full conclusion.
AS for peace proposals, it is plain
tkst at TIA moment both sides are
as yet too wide apart in their views
to admit II a settlement.
The desire for peace is unquestion-
ably still strong in Germany, but for
the time being is voice is silenced by
the mailed fist" Possibly later
events may give opportunity for a
renewed outburst Of demands for
peace from German citizens. But at
the moment this is not feasible.
Meanwhile spring is considerably adj
siderably further advanced on the
western front than here; and the eX'
pected German drive may begin at
any time. The British drive last
spring having started considerably
before this date.
The Ukraine peace contract was an
unpleasant development; and the
threatened disintegration of Russia
presents some alarming possibili-
ties; but, while it may encourage and
help feed the enemy, it will not prove
a decisive factor.
The most vital problem before the
United States taday is the mainten-
ance of national credit, without which
tie war can not be won.
Cur resources are ample; and wise
financiering will utilize them uner-
ringly to victory. The first step in
this direction is to keep business as
active and as profitable, within rea-
sen, as possible.
Ii through i'll advised legislation,
excessive taxation or government in
reference, prosperity is unduly
checked, the principal sources of in
come and taxation will be dried up
and the country drift into serious
crisis. Fortunately, such danger is
clearly foreseen, and the administra-
ton has some of the ablest and most
patriotic financiers of the country at
its command.
Preparations will soon be in order
for the next Liberty Loan; in fact,
they have already commenced in one
form, through regular weekly issue of
treasury certificates which may later
be exchanged for bonds.
In tais connection the most sig
nificant development was the fall in
second Liberty As to 94.7O, the low
est price on record. The decline was
evidently due to liquidation and sell
ing by financial institutions and 9TH
Si , III OIuSI W ldNilItdI6 Subscriptions
for the next issue; also in part to
the fear of possible prolongation of
the war
The decline in these bonds will not
cause the slightest uneasiness. There
is not the smallest doubt about
American credit, and these bonds are
beyond question the best the world
affords. But even the strongest Sc
curities available must in time obey
the memorable dictates of economic
law. Demand is not keeping pace
with supply, interest rates are stead
lily advancing; consequently even
Liberty bonds must adjust themselves
to market conditions.
The same people who are now
praising the Good Old Summer Time"