17 JULY 1915, Page 3

All that Mr. McKenna said in praise of the national

effort is well deserved, but he too deserves our warmest thanks and congratulations. He has managed a 'very difficult business with great skill and great judgment. He took over the work of the Treasury only some six or seven weeks ago, and was at once plunged into the details of the new Loan. Yet so well and truly were the foundations of his work laid that no hitch seems to have taken place. There were no changes and alterations at the last moment. All went smoothly and well. Mr. McKenna now stands high in the good opinion of his countrymen. What' are we to say of the foolish people who during the last six months could not find anything too bad to say about him because he would not indulge in a panio over enemy aliens P