Furthermore, these loans have been pyramided; that is to say, a man who subscribed and paid for one hundred thousand marks of loan number one could, when loan number two was called for, take the bonds he had bought of loan number one to his bank and on his agreement to spend the proceeds in subscribing to loan number two, borrow from the bank eighty thousand marks on the security of his first loan bonds, and so on. JAMES W. GERARD _in_ "_My Four Years in Germany._" [Illustration] "_Wounded First_" * * * * * The Allan Liner _Hesperian_ was torpedoed by a German submarine in the English Channel on the 4th September, 1915; on board were a number of invalided Canadian troops. British admiralty patrol boats were quickly on the spot and succeeded in saving all the passengers and crew with the exception of eight souls. [Illustration] _THE MORNING PAPER_:--"_GREAT NEWS_" * * * * * The Press Bureau of the War Office announces that a fleet of hostile airships visited the eastern counties and a portion of the London area last night and dropped bombs. The following military casualties, in addition to the one announced last night, have been reported: Fourteen killed and thirteen wounded. The Home Office announces the following casualties other than the military casualties reported above: Killed--Men, 27; women, 9; children, 5; total, 41. Injured--Men, 64; women, 30; children, 7; total, 101. Of these casualties 32 killed and 95 injured were in the London area, and these figures include those announced last night. _London, October, 1915._ [Illustration] _VAN TROMP AND DE REUTER_ "_So long as you permit Zeppelins to cross our land you surely should cease to boast of our deeds._ _(Whenever a Dutchman wishes to speak of the great past of his country he calls to mind the names of these heroes.)_ * * * * * Many of the Zeppelins that raided English towns and villages crossed over Holland leaving and returning to their bases in Germany. This was held to be a violation of the neutrality of Holland and "pro-Ally" Dutchmen endeavored to make the question an international one. [Illustration] _THE MARSHES OF PINSK_ _The Kaiser_: "_When the leaves fall you'll have peace._"--_They have._ * * * * *