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The article focuses on news related to political issues at international level. For a long while scholar Jonah Barrington's recollections of the humors of Irish dueling and faction-fighting in his youth, at the close of the last century, were considered the best reading of their kind in English literature. But of late the Southerners have been far outdoing the Irish in this department of human comedy. Shipping subsidies in the U.S. came to an end in 1875, when Congress, by an almost unanimous vote, rescinded the contracts with the Pacific Mail Company, on the ground of fraud, but it is proposed to bring it back.

This article presents brief descriptions of various recent socio-political issues and developments. It first discusses the new Cuban tariff which is to go into force on January 1, 1899. This new tariff plan is expected to raise sufficient revenue, then to afford Cubans every advantage possible in the struggle to restore their prostrate agriculture. In this context, Spain announces that she will pay the January coupon of the Cuban debt, and hopes to make equitable arrangements with the bondholders to discharge or fund the whole. The Minister of Finance forecasts a great revival of industry and commerce within the Peninsula, now that the long agony of insurrection and war is over. The article further focuses on Senator Mark Hanna's straightforward method of coming promptly to the front with his bill for ship subsidies in the U.S.

The article discusses the subsidization of wheat exports in the U.S. launched in August 1938. It is stated that a demonstration regarding the nation's fight to regain its export market for wheat is reflected in its subsidization program. It is mentioned that other exporting nations are being urged by the U.S. to control shipments after spending 15,000,000 dollars to subsidize wheat exports.

Discusses the decision of the World Trade Organization (WTO) to delay its interim ruling on the legality of an American export subsidy. Details of America's foreign sales corporation tax code; Arbitration on the issue; Response from the United States.