Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1920-08-20
ITALY HANDLING RECONSTRUCTION
WORK WITH MORE ENERGY THAN ANY
, EUROPEAN NATION SAYS FINANC|ER
specIni to Tho News

Hpeclnl % Tho News
NEW YORK. AUG is.-No country
IN Europe has approached o. ptuhlrih
of reconstruction and rcadJustm'nt ~
IN, nov si'uqfion Nv world affairs win
sncre intelligence and energy than italy
according tn Willis N Booth Nirr.ur,s
dcut a. the Guaranty Trust Company of
New York. who has just returned ftum
Europe Mr. Booth went abroad m June
ne member of n special committee
which represented the American BANK
ers Association AZ the organization
meeting ~ the International Chamber
az cornmsrcc IN Paris. and after the
meetings of that body In the early part
az July. won't 90 Italy where h" made
an extended survey q business and lin.
anclal conditions
In attempting 10 estimate conditions
IN i,alv." h. aid ~ must Dc remrri-
bercd that when Italy LEFT the Triple
Alliance. she not only severed her poll
teal associations with Germany and
Austria. hut also rellnquished the chi'i
sources II hor food supplies and raw
materials Tor industry. Her action ser
we'd notice upcn the Trutonic countries
that from that time forward her indus
trfal and banking cnierprises were 70
h. dlstlaciivcly Italian. This amounted
g. comrlcte change IN the couf~"
which the commercial life ~ tn co"n-
trv had taken.
The Efforts which italy has made
slnce the ArniS,Ir, tn fuinll the national
ambition which vas expressed IN hrt
rrnudiation of the Triple Alliancn have
os,casloned many severe trials Shn De-,
Ran. however. with certain exceptional
advaniarvs. i'aiv has always had sur
plus of high grad" labor She has nl'
vpvs been ani viii confiuu" ~ De- IN
eNnorter ~ labor. hut the love ~ IN"
ltnIIan fm his home country, which -
rs Intense as any IN tho world. makes
Il possible for italy 20 lock compliment
IN npon the emigration ~ labor w tn
ASSURANCE that the wealth created On
other countries hy the efforts - Ties"
r,en and women win eventually return.
and - b. iartnmonnt % thH eNi'urin.
lion ~ materials This situation b als1
nsscclates with the fast that italy can
not supply her own fond necessities II
A. therefore ..conor icallv sound that
Italian labor should liv. abroad and
r,.,nlt It, surpluses ~ the homshnd
since the Arnisiire Italy has rvsum-
ed her industrial ne with considcrahl"
ranIdlty. She has not been free from
~ rrceriainiiee ~ radical poliiiral &C.
ton. hut there Is every evidence that
these are on the decline italy l. at
work ~ completely as any n0tion IN
Europe and nlofe ~ than most ~ them
Her wealth IN hydro-els-rtric possibilities
IL being Developed at a rapid rate. The
current for Industrial purposes, while
shsorled as quickly ne u u pruduced.
IA extremely cheap and In few wears
n will b. abundant. The whole country
A. being interlaccd with electric iires
tn various companies engaged IN THIS
work are well financed and are worl' Ing
ha, Hanlously In both plant and lin" eN'
tsnslons. The men engaged In this bus
tnees are young, energetic ana calHshlc
huriness mrn. highly representative 81
the new shirt that has possessed ~"
Industrial mc 81 the country. The elf'''
trifsration of he Italian RAILWAYS nov
pfoce-dsnR involves i.ooo miles 81 addi'
tianal trackaga tn" cost ~ the current
IL mt ~ great uroflem rs w" e',~t
20 The roVeram.nt % converting The
NECESSARY equipment. hut The iniiea@.
al,eady converted is considerable ali
~, .ouInrent l. of very hieh order.
"Here,sa,we tn port facilities IN
r,rirtef 10 Genoa. and these are nov O."
small fnt the industrial position ~ N"
cointry. The task - providing greater
facilities has therefoIe been undertaken
ana a new port Il IN prucess Il D.
v.lopmert az Nenice. about i've miles
from the old city. and - laid ont that
the new Industrial area surrounding u
will not mar the beauty ~ destroy n"
rornanca ~ Nenice while being nj the
yarne time q great assistance In NOV
ing raw materials and Industrial manu-
features to and from Northern Italy.
The problem ~ any industrial com
munity. espccially one with export an
hltlons. IL the obtaining q raw mater.
tals AMI the efficient management II
mass PRODUCTION. Italy u natural,
bound 10 suffer some from the present
worid-eenand for raw materials. hu'
there IL no evidence q immediate sui
fering There Il enough cotton In Genes
10 keen the mills running for the neNi
six months. pending the shipment 81