The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-19
JOSEPH scHIAvoNE.
Was Newspaper Editor.

About eight years ago, Mr.. Schia-
vone was editor of an Italian news
paper in Trenton, N. J. At that
time the Governments policy in
immigration doomed large before the
Sixty Third Congress, as it does be-
fore the present Congress and be-
cause Of Mr.. Schiavone's knowledge
of the immigration situation, United
States Senator James e. MARITIME OF
New Jersey, persuaded him to &C
cept a position as assistant secretary
IN his office.
Mr.. Schiavone's personality immedi-
ately won him many friends among
the Italian residents here, as well as
with members of Congress and other
Government officials.
A tireless worker and ambitious. he
opened small office at his home to
assist his neighbors and friends in for
warding money to their relatives in
Italy. His business prospered. He
became agent for steamship lines run
ming to Italy--then for lines running
to all corners Of the earth. The bust
ness soon outgrew his home ofSsce,
and in 1919 ST. Joseph's Hall building
was purchased and remodeled into
modern banking house. Prominent To-
cal national banks. and national banks
i
ness to extend him aid
BY 1920 the strongest banks Of
Rome, Naples, Paris, Berlin, and
Athens carried large deposits of Mr.
Schiavone, and he was In position
to draw on practically any bank in
Europe = - =
He bought and sold hundreds of
thousands of lire a year and had large
accounts in francs and marks.
al NsR - NnxU
York was installed so that he could
buy for his customers at New York
market rates. He procured a license
as a private banker and hundreds Of
Italians deposited their savings with
him.
He states that Postmaster General
Hays is correct about millions of dol.
lars being kept in the stocking bank.
Since January /. last, one Italian and
his wife deposited hundreds OF dollars
in United States gold notes, which
thew had been accommodating in the
stocking bank" for fifteen years be-
cause they lacked confidence in com
mercial banks, but finally decided that
Mr.. Schiavone was a safe banker. lie
saws that this is but one instance OF
many of boarding money, which has
come to his attention
In addition to attending to his
business ne founo time 10 graduate
from law school. He has also con-
Quoted a campaign OF Americanism
among Washington Italians and many
an Italian-American now proudly
exhibits his certificate of citizenship
as a result Of the tutoring and urg-
ing of Schiavone. His own certifi-
cate of citizenship procured the first
day possible after his arrival in this
country is his own proudest posses
sion
DIR. F7oria Well Known.
The vice president. DR.. F1oria, is a
weIl.known practicirlg physician in
washington, as well as representing
the Kingdom Of Italy here as the
royal Italian consul. He is a men,
Der of the Legion Of Honor and has
been decorated by the king, and
awarded the title of cavalier. DR..
Floria, 1t is pointed out. enjoys the
utmost confidence of all his fellow
countrymen in this vicinity. includ-
ing all Of the officials of the Italian
embassy.
The International Exchange Bank
will maintain all of the financial
connections already established by it's
president, and will Immediately open
up others. 1t Will extend it's saw
ings, and steamship ticket depart
ments, and will accept deposits sub
iect to check on it's opening day.