Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-04-03
One important Consideration
Not Taken Into Account.
ITALY HAS NOT THE DOODLE
To Enter Into War with the United States
though Her Navy is Well Equipped,
EI-Minister Favs to sail Tomorrow for
Home - BIaine's Letter Commented
Upon at the National CaPital-At-
titude of the London News.
Gazette Interviews.

SpCCilL 10 tft Gazette.
WASHINGTON. April 2.-"I'here IS one
feature of the italian situation which no
body here seems TO take into account i'm the
discussion of the possibilities of war" re
marked prominent treasury officer this
morning to your correspondent. Il mean
the financial phase. a country may be
well supplied with big ships and heavy
guns, and they may answer every pug
pose Of defensive warfare or for hoStil;icS
conducted within easy reach OF the base Of
supplies, but distant war IS very
Expensive LUXURY,
indeed, and for that the supply OF ready
money Is 4 prime necessity Il IS IN
Coub,cdly Ita!y'S lack Of money which has
gone great way toward preserving the
peace Of Europe for some years ItaIy'S
hostility to France has been steadily ru
the increase, but 4 powerful restraint has
been placed upon her BY the fact that
trauce IS her most powerful. associate il
the Latin union. Italy'S coinage contains
about 3S4 OOJ, 900 of silver , franc pieces. Of
which 2iO000,OO0 ior more than two-thirlSl
are held in France. Il IS il the power Of
France to
DEMAND REDEMPTION
of this silver IN gold, and tina; would bank
rupt Italy. Her entire metallic reserves.
including all that Is in the national treasury
and in the banks, amount 10 something
more than Sos. 800. 600. of which about
S.. 80, 600 is gold Against this she HIS
paper currency outstanding to the amount
of more than $3S3, 500. 600 In that condition
such a nation 10 20 into an offensive war
with country separated from her by 5000
or 1000 miles of sea, and having immense
material resources with which we are able
To fail back upon would be madness, and
though Premier di RuGini has allowed his
HOT ITALIAN BLOOD
10 get the better Of him, or has been goadHd
into show of fight by excited press and
people at home, you may rest assured it
will stop there
Similar views We're expressed 10 your cor
respondent by Senator Ransom OF North
Carolina, who iustanced the Mcleod case,
and one or two others 10 show that i'll mod
ern times, diplomacy has abundant means
of avoiding an actual clash Of arms between
two nations which have no schemes of ter
ritOrial acquisition 10 force them into fight
ing
At the state department it was asserted
at l O'Clock to-day that there WAS no new
development in the tGva affair, but some
surprise was expressed at the attitude of
THE LONDON NEWS,
which, as the leading organ of the English
here, and is supposed to know something
about the relations of the Federal, state
and local institutions under our system.
Secretary Blaine'S letter published this
morning is generally favOrably received III
Washington. The only serious criticism is
regret that he should not have had suffi-
Gent foresight to say practically the same
thing in his first communication on the suO-
iect of the New Orleans atfair ami thus
avoid the annoying misunderstanding
which have followed.