Now that the Liberty Loan is fully launched, the question of individual responsibility confronts each one of us. The great financial and industrial organizations of the country have subscribed millions of dollars without hesitation, recognizing a duty which they would not avoid. But the extent of their support is limited. They have another obligation, quite as real, that they should keep the channels of business and banking open for the use of the nation.

It is clear that without the support of the entire American people, the Liberty Loan may fail. Gradually, through the press of the country and other mediums, this truth is being established in the minds of thoughtful men and women. The question to decide, therefore, is not so much an academic discussion of responsibility, as "Do I want the Liberty Loan to succeed?" Few individuals who profess the title of Americans would answer anything but "Yes," and the only honest yes, when it is possible, means actual, material contributions.

The college undergraduate has the same question to face. He may be unable to make any large purchase, and may, instead, offer his own services to the government as soldier or sailor. But, where it is possible, let him make the effort to do what he can; however little, and thus show that he is alive to the situation. The Liberty Loan is the first big American war enterprise--he cannot afford to sit back placidly, and shift this financial burden onto the shoulders of his fellow-citizens.