Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-04-05
Several other Firms Involved in the
Crash, and Leghorn's Streets Swarm
With Unemployed People.
ITALY'S SITUATION VERY DANGEROUS
Crisp and Els Satellites Adding to It's Gravity By
Stirring Up Agitation Against the
United States
wuRKMEN THREATEN TO PrLIAGE ROME
rBY CABLE TO TIE DIsPATcHl


LONDON, April 4.-[COpyrighted. ]-Ad-
ditional and striking proof of the chronic
financial crisis in Italy, to which attention
has more than once been drawn in this cor
respondence, has been afforded this week at
Leghorn. Banks have suspended payment
and factories have been closed by the dozen.
The great firm of Corradinl has utterly col
lapsed. Its liabilities are estimated at more
than Is, 900, 900 francs and its assets practi-
cally nil. Giovanni Corradini, man over
90 years of age, universally trusted, proves
10 be a torger and swindler, and with other
members and officers OF the firm is now a
fugitive from justice and may be on his way
to grace the ranks of the select italian colony
in New Orleans.
He endeavored to create the impression
that he had committed suicide, by leaving
coat bearing his name on the banks of the
river Arno, but he has been traced into
France.
Seven Hundred Men Out
The big sugar refinery at Ancona, which
he controlled, has closed its doors and zoo
idle worknen are cursing Corradini and
doubtless meditating how to get to the
United States, which remains the earthly
paradise in Italian eyes, Notwithstanding
occasional drawbacks. Mavrogordato's
Bank, KAISER & Meyer, Mazzinghi, Anton
ELI and many other firms large and small
are involved in the CorradIni crash, and the
streets of Leghorn swarm with unemployed
workIngmen and women, who will soon be
in state of semi-stsrvation,
At Genoa there have been numerous fail
ures, including Lavarello's, the great ship
ping firm whose feet Of steamers is to be
sold by auction at Naples. Financial
confidence has ceased to exist, and the NUM-
cipal Golfers are SO empty that there is talk
of replenishing them by means Of a new
poll tax. The National exchequer is
scarcely in better position. The promised
economies in the administration have been
carried out only on paper.
More Money Is Demanded.
The Ministers for War and Marine con-
tinue to demand more money than can be
found for them, and the Minister of Finance
has not vet hit upon a miraculous tax which |
will yield millions without utterly crushing |
the already overburdened people. The poll |
ticians whisper Of grave financial scandals,
but no one dare raise his voice to demand |
investigation and punishment, because
p4a
are more or less involved.
Socially, the situation daily becomes more
dangerous. Crime is increasing and with |
it the proportion of criminals who escape
detection or punishment. The revolution
ary propaganda is bolder and more per-
sistent, and in some towns has found ex-
preston in acts Of violence. Three dele
gates, representing thousands of unem-
ployed workmen, who waited the other day
upon Signor Nicotera, Minister of the In
terror, told him to his face that if the Gov |
eminent did not grant their demands they
would pillage the city every night this |
week.
Socialists and Anarchists Raided.
The police have raided the lodgings of |
Socialists and Anarchists in Rome and |
thousands Of lnfammatory manifestoes have
been seized. With a firm knowledge of all |
these things Signor Crispi and his ignoble |
satellites have been secretly fomenting agita-
ton against the United States and openly |
raving Of vengeance for the italian blood
shed at New Orleans. Crispi, who had |
thought himself more indispensable to Italy
than Bismarck was to Germany, has ragged
without ceasing against the men who
brought about his fail and will hesitate at
nothing that will give him his revenge.
To regain power, he is prepared to risk
national bankruptcy, which in the opinion
Of most European statesmen would be GER
tain result of war by Italy, whether against
the United States or in Europe. As Italy
is a member of the Triple Alliance, Crispi
is not likely to succeed, however, and If the
Marquis Rudini and his colleagues were
inclined to adventurous courses. which all
available evidence shows they are not, they
know well enough that the country cannot
afford dangerous luxuries.