Editorials.

The article presents information on several socio-political developments from across the world. In an article entitled "Value of Labor Statistics," the American Wool and Cotton reporter is led to make some remarks to manufacturers which, in view of their source, have great significance. It expresses its approval of the practice of comparing the yearly earnings of working-people in manufactures in the U.S. with those prevailing in similar occupations in countries which may be regarded as competitors. Lord Farrer, whose reputation as a financier is well known, has an article in the last Contemporary Review on Sir William Harcourt's budget, which touches incidentally on one of its most important features. As is already well known, Sir William is the first Chancellor of the Exchequer who has had the courage to attempt to infuse order into the financial chaos known in England as the succession or "death" duties.