The sun., 1919-08-11

with which Italy has been visited during
recent months have been the result of
reaction from q war to a peace basis
and therefore are not Indicative of the
normal feeling of the Italian people.
Does Not Want Revolution.
ITALY does not want revolution. and.
above all. her working classes do not
want IL My cherished ambition is that
the workmen's leaders should particiA
pate In the affairs of government pre-
severing persistently TO solve the prob
lenns Of increased production and better
living conditions for the families of
workers.
These would constitute a veritable
bulwark against the violent intransigeants
whose like have been asserting them
selves In all parts OF the world. 1t is
sound policy that strict guardianship
Of public order must be assured. There
10 no democracy without order.
Our war debt OF sixteen billion dol
lars IL being met with fortitude and
stoicism that belittles the gigantic eff
fort of other countries. The nation, to
pay for this war. is groaning under the
burden, but It is bearing 1t with great
determination. Our last budget aggre-
gated nearly two billion dollars. so that
the annual per capita tax for every man.
woman and child In Italy Appropriated
S45. I believe that figure challenges
the record for high taxation in any al
lied country, but we hope to be able to
reduce the budget to about one and
half billion dollars.
Despite our high taxation during the
war. another measure which will insure
our financial stability Is before the
country. We are arranging for the col
lection OF additional taxation in the form
Of a progressively graduated levy on
incomes Announcement of the Cabi-
nets purpose In this direction had its
immediate effect on Government securi-
ties, which have Increased in value ever
since this programme was made public
Our courage in facing our debt we
hope will be rewarded by national finan-
cial firmness which will stand unques-
toned. We purpose to begin, as early
as is consistent with sound economic
commercial policy. a genuine reduction
in our paper currency amounting to
$4,000, 100000 We anticipate in the
course of few years Italy's return to
pre-war conditions. when our paper
money was held at premium on gold.
Has Market for America.
'"The interest Of America In Italy must
heigh.eR when the great markets that
are offered her are considered. Before the
war Italy's foreign commerce amounted
to more than a billion dollars. This
was divided chiefly among the Euro
pean Powers. with Germany leading all
the rest both in imports and exports.
The war left this market in a chaotic
state. 1t is now ready for exploitation
for American business, ready, |open-
armed for all their wares, and longing
for commercial intercourse which will
alike benefit both the United States and
italy.
I'VE need raw materials for Industrial
enterprises which will allow us to re-
store our industry. We need foodstuffs.
fats. coal and semi-hnished materials.
Our country Is teeming with Industrial
possibilities. The streams from the Alps
and the Apennines contain enough I'M
bridled electric force to supply the needs
of a continent There Is an abundance
Of labor ready to set its hand to the
plough or the forge. Italy is the great
gateway in the Mediterranean basin,
connecting the Balkans. southern Rus
STA, Asia Minor and Egypt to western
Europe and the Americas.
Our hearts and hopes are extended
to America. where many of Italy's sons
contribute their skill and toll. for whom
many OF Italy's sons fought with no
unworthy proves the battles just con-
Guided.
Denies Imperial Aims.
-Italy's aims are not irnperialistic,
She must defend her nationality. 1t is
inherent in her. II Is something that no
power, either on earth or in heaven,
can take away. Our anxiety is still
lingering that our peoples in the Adria-
tic might have the right to assert their
choice to be part and parcel OF their
motherland. We are trusting that Presi-
dent Wilson's scholarly and energetic
mind will assist US in reaching some
agreement which will preserve the unity
of the Italian peoples.
1--WE look for America to guarantee
US a region in Asia Minor where we may
obtain raw materials and foodstuffs for
our rapidly increasing population. which |
within few years will aggregate fifty
million and the density of which is now
more than $50 Inhabitants to the square
mile.
Tn conclusion. have personal sincere
confidence In President Wilson as the
representative OF American democracy. |
l desire that II be known that the
italian Government steers toward a
greater democracy. a greater nationality, |
an impregnable empire of financial firm |
ness. placing unbreakable faith in the
will OF the italian people to work and
sacrifice for the right"