Once more Mr. Bell has shown himself not only as
the good friend of Great Britain and his own country, but as chief liaison officer to the English-speaking world. We only wish that Mr. Bell had mentioned, in support of these contentions, one thing concerning the American loan to Great Britain which is too often forgotten in Europe. The money which America lent us, if we understand rightly what happened, did not come out of what is believed to be the Fortunatus' Purse of the United States Government. It was obtained by that Government, acting as broker, by the sale of bonds to quantities of small investors throughout America, many of whom were personally anxious to help England. The United States Government now has to pay the interest on these bonds, which are rapidly matur- ing, and without regular payments from her creditors abroad, she cannot satisfy the just claims of her bond-holding citizens.
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