The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1918-12-16

dollars. In 1915 had increased to one
billion four hundred and forty NIL
lion dollars. u was such progress IN
all branches of her economic activities
that made IL possible for Italy TO per
form her enormous war effort, 10 rae"
practically single handed the whole
Of the military forces OF one Of tho
most formidable empires - much
larger In area. population and re-
sources than herself and 20 finally
defeat them signally.
"Of course that belongs IN the past.
Ia these DAYS commerce finds It's best
expression N forcscoinH the futuro,
in Anticipating It's conditions and It's
needs. | know therefore that YOU arH
Interested with the future Of the ltni
ian market and | viii come to that.
The war has imposed great bur
dons on an the countries involved ~
a. italy had to bear her own which
She did with determination, and IT
may hv that. together with other
countries her material wealth has
been reduced by tho demands Of the
war, although h "a cannot Ia asccr-
famed with accuracy. What ~ Ccr.
tain IN that shc has gained. as am
sure * the cusc with other countries.
IN immatcrinl wealth. the benefit OF
which. enormous durius the war. viii
surely he fclt for q LONG time attyl
the conclusion oi peace.
The great task with which she had
TO cope called forth ail her energies
and nor spirit OF sacrinct improved
industrial methods were adopted. CO.
operation and coordination Of efforts
were secured Italian women. old men
u boys under military age came
forth to do the work of The millions
at mcn drafted tor military service.
50 that production should not be cur.
tailed-iu fact IN some lines IL showed
an Increase. To compensate for the
waste OF h war. her people. well
known Tor their frugaiit,, doubled
their savings.
To illustrate iu one way the result
Of her efforts suffice Il Tor me 10 say
that the capital OF stock companics
marked an increase OF over two hun
drcd and sixty million dollars IN tho
year 1917, and ot about two hundred
n thirty million dollars m the FIRST
siN months 81 this wear. quite unprece-
donted IN the history OF our stock
companies. This accumulation ~
capital rcprCacnts hut q part OF the
saNi,lgs made. Deposits with savings
banks in fact showed an Increase dur
ing the same periods The nature Of
the investment of the capital thus ac-
cummulated h a sure index of the
trend OF our productive activities.
III WV iNENA VI WI NlsAis EfAllltillflt
with the advent OF peace . anticipate
In my country. favored not 20 a small
m my country, favored NOT To a small
degree by that tranquility and se-
CuritV which the acquisition of her
natural frontiers will afford her. We
must not los" sight OF the Nct that
an adequate economic development
OF "a large part of Northern Italy In
the past was practically impossible
through the unfortunate frontier
that was assigned 20 as in ;a66, which
exposed ON OF our main lines OF
communication to easy and sudden nj.
tack FROM tho outside. THAT constant
nightmare has fortunately been re-
moved.
Thus the Italian market will Offer
a favorable field to your enterprises.
Notwithstanding our Industrial dc-
vclopmcnt, We Will no doubt need to-
pcthcr with many staple products, as
cotton. coal, mineral OIL lumber. to-
haCco, etc., Il considerable quantity Of
outsids manufactures In the matter
OF development Of your trade with
'ho Italian market. II goes without
saying that much viii depend on the
shipping and baking facilities avail
able With regard To- The latter The
outlook socms quite encouraging as
branches of some of your powerful
banking concerns have been opened
In italy. white IN this country,
agencies of Italian banks have been
established. Thus financing of your
exports to Italy. which | feet rs cs-
seuttal. viii be facilitated.
1t Is 10 he hoped that the develop
ment Of trade intercourse viii not
b" retarded hN the lack Of sufficien'
shipping facilities. desire 10 cali
your attention to another point which