Foreign News: Not a Loan

Italy established, last week, a credit of $50,000,000 in Manhattan through the good offices of the ubiquitious J. P. Morgan & Co. The credit, Finance Minister de Stefani told the Chamber of Deputies in Rome, is to be used "as occasion demands" in checking fluctuation in the value of the lira, It was also clearly a measure assist him in reducing the fiduciary note circulation. This statement did not please the Deputies, who thought it a great pity that the Fascist Government should have recourse to foreign financing after having boasted that...

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