Editorials.

This article focuses on political developments in the United States. Testifying before the U.S. Federal Trade Commission, A. R. Graustein, president of the International Paper and Power Co., gave the names of the various newspapers in which his company had financial interests and the amount of money invested in each case. In his Washington letter on page 583 Paul Y. Anderson, an editor, gives the names of the newspapers involved and the character and amount of their securities held by the Paper Trust. Mr. Graustein made his statement without hesitation or evasion and at least deserves credit for frankness.