Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1891-04-10
FINANCIAL CRASH IN ITALY.
Dangerous Condition of Society.
The New Orleans Massacre a Disturb
ing Element.

The Boston Herald's special London cable
gram says: Striking proof Of the chronic
financial crisis in Italy has been afforded at
Leghorn. Banks have suspended payment,
and factories have been closed by the dozen.
The great firm Of COrradini has utterly
collapsed. Its liabilities are estimated at
more than {. l5,0O0 0O0, and its assets practi-
cally nil. Giovanni COrradini, a man over
GO years OF age, universally trusted, proves
to be forgcr aud swindlcr, and IS now a
fugitive from Justice.
The big sugar refinery at Ancona which
be controlled has closed its doors. aud 100
idle workmen are cursing him. Mavrogor-
dntos Bank, KasSer & Meyer MazZinghi,
Antonelli and many other firms large and
small. are involved in the Corradini crash,
and the streets OF Le9horn swarm with un-
employed working people, who will soon be
In a state OF semi sta rvation.
At Genoa there have been numerous fail
ures, and the municipal Golfers are empty.
The national eXchequcr Is scarcely in better
condition.
Socially, the situation daily becomes more
dangerous. Crime is increasing and with It
the proportion OF criminals who escape de-
lection or punishment. The revolutionary
propaganda is boller and more persistent,
and in some towns has found expression in
acts Of violence.
With full know ledge OF all these things,
Sig. Crispi and his satellites have been Sc
cretly iomentiDg agitation against the United
States and openly raving OF vengeance for
the Italian blood shed at New q leans.
Crispi, to regain power, is prepared to risk
national bankruptcy, which, in the opinion
Of most European statesmen, would be
certain result OF war by Italy, whether against
the United Ststes or In Europe. Marquis
Rudini end his colleagues know well enough
that the country cannot afford dangerous
Injuries.
Mr.. Hurlbert, who has just returned from
The continent, says: There IL much less eX.
element in Italy, believe, over the lynch
ing at New Orleans than there appears in
the United States. The men lynched in
New Orleans appear TO have been chefiy
Sicilians, and. as the encral impression pre-
walls in her parts of Italy that murder So
c,eties exert great political and so.ial in-
huencc in Sicily, the intelligent Italians Of
northern and central Italy are obviously in
clmed 10 relieve that the New Orleans VIC
tins possibly got no more than they deserved.
mo responsible Italians for moment
imagine that the United States or the state OF
Louisiana have intended any disrespect or
injury to Italy. Throughout this affair their
general sentiment j., | should say, that
whatever Ita ians were lynched in New
Orleans were lynchcd. not because they
were Italians, but because they were muir
dcrers.
Politically, In Italy, there is little doubt
the matter might have injured the newly e.
tablishsd cabinet Of Marquis Rudini, had not
sn opportunity been afforded him at Wash
ington TO wave the Italian flag vigorously in
the eyes Of the uation. >ig. trispi Is q Slcil-
ian, and the SiclianS in Parliament and out
OF II would certain have made political
capital out of the affair had the chance been
given them"
Already an effect OF the American. Italian
difficulty is felt in the hesitation OF French
financial houses to proceed with the negota-
tons pending for the prospective Itahau
loan, in which German houses are also CON
cerned.