Editorials.

The article discusses some of the economic developments in the U.S. Within the last two decades the South has undergone an amazing industrial development. The diversification of its industries has proceeded swiftly and has been followed by an increase in general prosperity. Southern Progressive reformer Edgar Gardner Murphy finds the industrial rise of the South is bringing gain as well as loss, is doing much to free the South from its isolation. In the comprehensive review of the financial situation from a dozen great money markets of the world, the dominant idea appeared to be that trade activity had reached such a pitch that neither capital nor transportation could keep pace with it.