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The Power of the Purse

- Prime Minister Asquith

Those are facts which speak for themselves, and they show the urgent necessity, not only for a loan, but for a national loan—a loan far larger in its scale, far broader in its basis, and far more imperious in its demand upon every class and every section of the community than any in our history.
For the first time in our financial experience no limit has been placed on the amount to be raised; and that means that every citizen in the country is invited to subscribe as much as he can to help us to a complete and speedy victory. I need not dwell on its attractiveness from the mere investor's point of view. Indeed, the only criticism which I have heard in or outside the House of Commons is that it is perhaps a little too generous in its terms. That is a fault, if it be a fault, upon the right side.

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