Every evening, Wilmington daily commercial., 1921-12-30
ROMAN BANK AWAITS
COURT ON PAYMENTS
Believed Crisis Can be Success
fully Met; Other institutions
Not Affected.
BY Associated Press to Eyery Evening.

BY Associated Press to Every Evening.
Rome, Dec. 30.--The Bonca Italiana
di Sconto, the doors OF which were
closed yesterday, was granted a
moratorium by the court.
II has not been established that the
bank actually has failed. and there
Is a tendency In some quarters TO be-
lleve that tho crisis may be overcome.
Tho incident lowered lire exchange
yesterday, which went from 22.90 TO
dollar In the morning to 1880 in tho
afternoon.
The Banca Italiara di Sconto was
the place where most Americans
transacted their business IN Rome.
Tho moratorium granted tho bank
under the courts action is effective
for one year.
| Meanwhile tho Banca Italiana di
Sconto Is continuing all operations ex-
cept payments, which, it Is stated. will
be resumed as soon rs the tribunal
limits the amounts which may be with
drawn daily.
There was n tone OF confidence over
the situation In financial circles today
and so far as could be cleaned from
expressions OF bankers the trouble was
regarded as altogether confined to the
ono institution.
Tho bankers pointed 10 the fact that
the suspension Of tho Banca di Sconto
had not produced the slightest effect
on any other financial institutions and
that tho public was not at oil excited
and was disposed to be patient in the
belief that the affairs OF the Banca dl
tSconto would soon be adjusted.
|. Some of the bankers appeared 10
bo firm in their conviction that the
present situation in Italy was only
temporary. They considered that the
Banca di Sconto would be able to meet
, all its obligations II II were given time
The newspapers generally also ex.
press the opinion that the banks DIFF
hculties are only of temporary ma
ture and will be overcome. So far
there has been no unsusual agitation
manifested In any part OF Italy over
, the banks closing.
On the other hand, the same con.
fadence is not expressed In parlia.
mentary circles as In financial quarter,
here. II is pointed out among ths
: parliamentarisns that there Is so mucl
: unemployment in Italy that produc.
ton is not up TO normal, and that tn,
mushroom war industries are nov
finding themselves face to face with
: numerous problems which have Grip
pied peace industries. Tor this ree
, son belief is expressed In these guar
ters that only new international eco
nomic adjustments can give mucl
= hope to the general situation.
= London, Dec. 30.-William Marconi
: who is a director of the Banca Italian;
= 6i Sconto, said today that informa
= ton TO the following effect had reach
: cd him:
owing 10 the definite refusal las
night, by other banks, OF the propose
J. put forth by the Bank of Italy 10 in
; tervene against the unjustifabe alarri
y regarding the financial situation o
Il the Banca Italiana di Sconto (which
!; is not at al critical II panic Is avoided
;. the board of directors OF the Banc,
(; Itaiiana di Sconto decided TO take ad
:. vantage OF the decree of moratorium
{; granted, and which is applicable onl.
!. IN those cases where the assets e1
s ceed the liabilities as in this case.