Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-02-11

tariff walls, they won't be able to do
business together It would be the
! case of a man biting off hls nose to
spite his face. Italy, for instance,
now welcomes and will continue to
welcome trade with the United states.
Capital from the United States would
find good electrical machinery, her
agricultural machinery her utensils
for starting factories going, Should
4 the United states put up a tariff WALL
then Italy will do the same and shut
out these products. Result both par
/ ties losers.
Il know there is an immense field
in Italy for the United States. Italy
! has long been neglected and misun-
derstood, both as to her business and
as to her people. Her business men
are as honest ana reliable as you may
find in any we'll organized country 4
! failure IN business is considered by
! business calamity after which they
can never lift their heads. and they
/ can never get up again. Therefore
| business men here pay their bills.
The government also is honest and
/ has never tried to repudiate debt. In
/ 1866 when Italy's rentes were down
! to ~ the government kept right on
paying interest | knew one man, an
| American living in Florence, who sold
ont all of his American stocks and
! bonds and doubled his fortune by re-
! investing in these rentes ltaly's peo-
| pie are hard working, sober and hon
est. The traditions about their pov-
erty. their unreliable methods, have
been handed down for hundred
years from the time when Italy was
! divided M into little Kingdoms and
principalities, warning ana jealous of
each Other and does not in the least
apply to present conditions Nobody
has ever taken the trouble to correct
these old lies.
Take Italys attitude in the present
war. 1t too has been misunderstood
or misinterpreted italy did not want
to go into this war She had just
come out of a costly one in Africa and
was not prepared to "a into another
Then, after a long struggle, she was
cementing real sentiment of union
among her people Much has been
said of her manner of going into the
war. You say that it has been said
that she was apparently trying to see
whether Germany or the allies would
pay the most for her services. Moth
ing could be more untrue. In respect
TO her treaty with Germany it was
not a love affair. but one to preserve
the peace of Europe peace which
she heartily desired Germany did
not ask her consent to go to war
knowing that Italy would immediate
ly try to stop the war.
The reason Italy did go into the
war was not because of the promise
cf pay from the allies but. reluctantly
as 4 matter of national defense While
there did not exist "A hard feeling be-
tween the Germans and Italians there
has long been one between the Itai
ians and Austrians. The frontier be-
tween these latter countries was such
that at any time the Austrans could (
invade Italy, and italy could in such
case defend herself only with diff !
Guilty, difficulty that is proven by
the energy required in the present
war She is not hanging back; but
vanQuishng day by day and step by
step the difficult nature of the terri I
tory in which the advance must he
made She will regain her two old ,
provinces and thereby make impos- /
shle d future invasion by Austria.
If the United States desires to do
business here the right kind Of bust /
speaking French or Italian, and men
who are willing to stay in the coun-
try long enough to learn its ways, The (
only Americans who have ever come
here previously were those merely on
pleasure. or during the war TO sell
munitions or coal or something of that
sort. Frequently these men, because
of their LACK Of proper training, have /
fallen into the hands of Intermediates
of questionable characters, and then
ventures have not turned out we'll
Italy vein be a virgin field for
American business. Before the war
her foreign business was largely in
the hands Of the Germans because
the English and French have neglect
ed the markets. The Germans offer
ed long credits say Of six months to
a year asking only part payment :
down While the Germans have not
as had been stated, any very large in
vestments Of capital here, they did
succeed in doing prosperous busl-
ness. one Of the reasons for this with
the smaller houses, was also because
the Germans quoted prices ana
weights in italian money and by the
metric system
ITALY will perhaps come out Of this
wal Ill btllti NuHdiAlpii - 81 Niif I
other nation In Europe and therefore y
be one whose business Is worth going a
after. She will not have been devas- Z
-ated and will not have lost so many r
men, and those she has lost Will be !
rapidly replaced because of the well q
Known fecundity of the Italian family
Her business will not be shot to pieces
one has but to look at her stores now h
o see that they are full of cash buy II
srs. The recent postal saving bank 4
'eports show a continual increase ON =
deposits My own bank and other y
banks are growing, too. There VIII -
)e no difficulty with her new loan, !,
,ne-half Of il being already euaran-
eed by Italian bankers There Is !.
much loose talk about the war impov-
rishng nations In Italy much of
he money spent on the war is spent .
light in the country. and the money =
merely changes hands. Taxations
rom now on to pay the interest on
hese war .oans and to later pay them
If viii Increase Yet Italian taxation
Fill not be so severe as not 10 be met.
here is still a good margin Of profit
or us after we pay our taxes present y
nd future" /
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