Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-19

=
osperity-indefinit and absolute
without eclipse, without decadence-slI
we're rich"
Buy at 20, Sell at 100.
Everybody knows by memory" the
Ducs pursued, the things which are
now ACKNOWLEDGEMENTS was an au-
tomobile for every eight inhabitants, a
radio for every four, a telephone for
every three.
Everybody played the market. AS
the shares went up, everybody having
bought one at 20 sold 1t at 100, and
with it bought an automobile, radio or
telephone, or made q trip to Europe,
paying on the inStallment plan. and
perhaps bought a country house in the
neighborhood. 49,,
had a series of black, blacklist days
Shares lose 20, 80, so per cent OF tnen
value That crisis isn't yet cleaned up
the black days have been following one
another and instead of prosperity there
are lines of those waiting for bread and
soup in the great cities Of the United
States.
ut is with profound sadness that !
realize this and you VIII understand
why without my insisting.
The fact is, from that day we we're
thrown back into high sea; from then
on even for US navigation has been eX-
tremely difdcult."
The financial situation in the United
States so affected Italy. Mussolini as
serted, that q surplus of 65,000,OOO lire
had turned into deficit OF approx
mately 100000 lire.
such q deficit is not grave, like a
lost battle, like the cession OF territory,
or a national catastrophe" he said. 1T
is q thing extremely serious, however
which imposes on the government the
duty Of converging all its attention upon
a recovery, and imposes on citizens, in
GLIDING the Senators, the duty not to put
expenses for which we must find rev.
enue-whieh signifies taxes"
Formula Called Mistake.
The Duee found little favor for the
American economic policy, which he
described as mass production and mass
consumption"
This formula is a mistake" he said
land they themselves recognize 1t.
1T is a mistake because production
Is by machine and consumption Is by
man. The formula was logical merely
from a mechanical view, but a small
obstacle is enough to cause its collapse. .
He regarded dumping of Russian
wheat as rather important" quoting
figures to show that large amount OF
wheat is being imported by Italy from
the Soviet Russia.
The Duce reviewed the banking stu
alton in Italy, scoring the Catholic
Popular party's past efforts to create
rural banks.
Il would like to recommend from
this rostrum," MuSSolini said. Ito all
those who have care for their souls to
disinterest themselves from the profane
things-to leave banks to bankers, be-
cause bankers aren't improvised."
However the Duce pointed out, the
| people of Italy are finding that II con-
ditions are bad here, they are also bad
| elsewhere.
United States Excepted.
He said that on August Is he issued
| instructions that passports be granted
in the largest number possible to all the
countries except the United States, lin
Guiding Russia, where, however UP To
today nobody. has sought to CO." the
| Duce observed
His exception of the United States
was because the American quota was
| long ago exhausted.
WAS this perhaps a change In our
emigration policy?" MusSolini asked.
mo. But there was a singular situa-
| ton determined in Italy. Many in good
faith thought really that this was hell
and that paradise was elsewhere; that
there was misery only in italy and else
where was the reign of abundance;
that only in Italy was there unemploy-
ment and elsewhere there was not
Very WELL" he said. This measure,
from the viewpoint of morale, has given
100 per cent results. In the first few
days the police stations were full of
people insistently demanding passports.
Then this crowd thinned and now there
are more coming back than are leav-
ing"