Word: misurata
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Dates: during 1920-1929
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Bank Backing. A suave, plump, oval-faced statesman, eyes keen, beard a scrubby Vandyke, was hailed as the real creator of the new gold lira. He is Count Guiseppe Volpi di Misurata. Citizens of the U. S. remember the business-like fashion in which he negotiated the funding of Italy's War debt to the U. S. (TIME, Nov. 23, 1925). Last week he revealed the vast credits which he has built up abroad to enable Italy to defend her new currency against fluctuation on international exchange. Said he: "The Bank of Italy wishes to secure the collaboration of international...
...trading establishments between Italy and the Near East. Rich, potent, he turned from business to devote himself brilliantly to affairs of state. Premier Giolitti entrusted to him the negotiation of the peace treaty which followed the Italo-Turkish War in Tripoli (1911-12). Later his successful governorship of Misurata in Italian Tripoli won him his title: "Count di Misurata." Finally he was among the first of rich Italians to embrace Facismo whole heartedly...
...opponents were in accord. All Italy joined in showering farewells and good wishes upon the twelve Italians who are to negotiate the funding of their country's 50 billion lire ($2,000,000,000,) War debt to the U. S., under the leadership of Count Giuseppe Volpi* di Misurata, Minister of Finance...
...Commission embarked at Naples aboard the Duilio, Italians considered it a good omen that Count Volpi is, strangely enough, "a self-made business man." His title was conferred upon him by King Vittorio Emanuele as a reward for his highly successful governorship of Misurata in Italian Tripoli. And it is well known that as a boy he was obliged to earn his own living as the result of financial reverses which had befallen his family...