If it is war for three years, then this mighty financial Atlas of
England is preparing to write its name on promises to pay more gold
than all the money-gold on the surface of the earth today. And England
won't hesitate to do it if necessary--not for one moment.

How can she advance money to Russia, Belgium, France, and other
countries at war or just going into the war, and ask no foreign
assistance, no overseas help,--except to be let alone,--expand her home
trade and wages, pay with a lavish hand, and still pile up real gold
both at home and over the ocean?

The first answer is because she does expand trade; because she does pay
and pay promptly; and because she does protect her own trade.

The United States does not protect its trade or its citizens anywhere
in the world to-day. It shivers in war-time, and borrows of everybody
else when it has a panic of its own.

There is only one way to make trade, and that is to pay and protect.
England, through centuries of fighting to protect both trade and the
trader, has learned the way to the highest freedom in both trade and
finance.

Therefore, before this most Audacious War was set afoot England had a
very small stock of coin gold but a very large stock of gold
credit-bills.

For years England has held in her cash box from $1,800,000,000 to
$2,500,000,000 of the commercial credits of the world. With goods and