In some sections are to be found machines belonging to the most advanced stage of industry, while nearby are in operation economic processes of the rudest and most primitive sort.

One who knows the South must feel, however, that its most striking characteristic is hopefulness.

The dull apathy of a generation ago is rapidly disappearing, and the South lifts up its eyes toward the future.
THE REPUDIATION OF STATE DEBTS The debt of Mississippi was small and that of Texas was not excessive, and neither made any attempt to repudiate the obligations.

The $4,000,000 issued in Florida for state aid to railroads was large for the small population and the scanty resources of that State, but this issue was declared unconstitutional by the Supreme Court of Florida.

The Reconstruction debt of Alabama was large, about $20,000,000, besides accrued interest which the State could not pay.