The prices of Liberty Bonds upon the stock market indicate clearly that it is easier to meet financial needs by selling Government securities than it is by selling securities of any other class. This very fact should be a strong deterrent influence which should keep people from selling Government bonds. It is quite likely that the retention of Liberty Bonds will prove to be a wise financial transaction.

From the standpoint of patriotism, which prompted the original purchase of Liberty Bonds, there can be no excuse whatever for disposing of them. The purchaser of a Liberty Bond makes a definite, specific act of handing over personal funds to the Government, thus providing actual money which can be used for military purposes. Each bond is thus transformed into a concrete, positive unit of labor which is expended in beating the enemy. The more bonds bought, the larger the volume of fresh effort contributed.

But the original purchaser of the bonds should keep them and not relinquish them to another person. If they are so relinquished, the bonds passed become instantly another's contribution, instead of that of the original purchaser. Public sentiment is now demanding absolute support of the war, and nothing but actual possession of the bonds, paid in full by the original purchaser, is complete satisfactory evidence of his contribution, made in that form, to American victory. LIBERTY LOAN COMMITTEE OF NEW ENGLAND.