Under the impact of a unique indigenous spirit of reform during the last decade, Puerto Rico has become a truly exciting laboratory for social experimentation. The bold attempt to achieve rapid industrialization of its business and commercial life, dramatized under its slogan Operation Bootstrap, marked a new era in the economy of the country. The considerable success of this venture, with its particularly intriguing use of taxation or tax-exemption as an assisting prop, has received wide comment. Now governmental developments are keeping pace. Under grant of authority by Congress, the first governor to be elected by the people of Puerto Rico in place of presidential appointment, Luis Munóz Marin, took office on January 2, 1949. A new con...