21 NOVEMBER 1914, Page 15

We are glad to record that there has been what

may with. out exaggeration be described as " a rush " to subscribe the new loan far three hundred and fifty millions. We trust, however, that the great success of the loan will not lull the country into any false sense of security. It is well to have money as the sinews of war, but money is utterly useless, or, rather, a very dangerous anodyne, unless we have the men to protect it. The armed man does not trouble about gold, for he knows that when he wants it he can take it from the unarmed. Our riches are no substitute for soldiers, but one more proof that the need of the moment is Men, Men, Men.