St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-27
Bank Failures in Roma
Threaten to Have Sepi-
oas Consequences.
Large Sums Said to Have
Been Paid to Political
Intriguers.
EX-Ministers and Deputies
Reported Among the
Recipients.
The French Ministry Receives
Another Vote OF Con-
fidence.

ROME, Jan. 26.-The scandals in con-
nectiOn with certain banks in this city
and Naples threaten to have far more
serious consequences than were at first
deemed probable. 1t will be recalled that
the dispatches announced on Jan. 10 tho
arrest of Signor Taulongo, the
governor, and Signor Lazzaroni. the
cashier of the Banca Romano OF
this city. These arrests were made
in consequence of serious rumors
affecting the standing of the bank, ana
they promise to lead to a grave scandal.
The name of SCR. Crispi, the eX-pIim6
minister, has been mixed up in the
matter, and the public is on the Qui
vive for further developments. Jan. %
SCR. Cucnello, manager of the Bank
of Naples, was arrested on the charge
of embezzling 100000 lire from
that institution, and the next day
the Guerrini Banking company closed
its doors. 1t was said, however, that the
assets OF tue latter Institution exceeded
its liabilities by l,G00,G GOO lire. The SuS'
pension was alleged to have been due
to the lack of confidence cngendered by
tliS tIOuOIGS Ill lIlC DdllCd IhOllldlld anu
the Bank of Naples. Today the Mes
sage Rouge says that the police,
acting upon hints given them by Signors
TauIongo and Lazzaraoni, have made a
further search of the Banca Romano for
documents relative to the sums the priS-
oners are said to have paid TO political
intriguerS and financial spectators.
The houses of several men who are suS-
pected of being implicated in the affair
are closely watched, and further
Arrests Are Expected.
The chamber of deputies this evening
was crowded with people anxious to
hear an official statement from the gov
eminent i'll regard to the bank scandals.
The statement was made by Sgr Clio
council and minister of the in
terror. SCR. Giolitti said that
the excess of the Banca Romans
note issue amounted to $4,000. 900 lires.
He believed that the amalgamation
issue banks for which the government
had arranged would suffice TO guar
antee the circulation OF the q anca RO-
mana'S note, and lie promised that bill
dealing with the position of issue banks
would be introduced in parliament.
To the demand Tor parliamentary in.
quiry into scandals he could not accede,
ne said. as such an inquiry would be a
reproach to the cabinet which had never
yet flinched in the discharge of its duty.
The Marquis di Rudini, eX-premier,
declared that an investigation of the
scandals was imperatively necessary.
"The country demands that parliament
shall Judge SCR. Giolitti's cabinet as il
Judged my cabinet" SAID the marquis,
A number of prominent men, including
eX-miniSters, deputies and journal
lists, are openly charged with having
received money from the Banca RO
mana for years. 1t is said that some
newspapers received a subsidy of COCO
lire annually. The judicial inquiry Is
said to have shown that the Banca
Romano supplied the ministry with
large amount of money i'll the last cleo.
ton. The failure of the Banca Romans
will, it is expected, cause the collapse
of several other institutions, notably
the Banca lnduStriale.
SlguOr TaulOngo, governor of the
Banca Romano, refused TO answer
questions at present, but promises to re.
veal everything before the judges. Sig.
nor Cicellini, manager OF the Bank Of
Naples, cynically tells interrogatOrs
that they will find everything in his
strong box. Experts have been unable
after three days continuous efforts ia
force this box or to discover the secret
of Its lock.