ITALY: Volpi Out

Two of Signor Benito Mussolini's ministers have constantly dared to call their souls and policies their own. One is Signor Luigi Federzoni, soft speaker for the Vatican, Colonial Minister. The other and greater is Count Giuseppe Volpi.

Volpi put the lira back on gold (TIME, Jan. 2). Volpi adroitly won huge concessions from the U. S. and Great Britain in funding the Italian debts to those powers (TIME, Nov. 23, 1925). As Finance Minister, Volpi has been for three years past the one Italian statesman with whom U. S. big business has found it possible to deal—man to man, without...

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