Word: stefani
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Dates: during 1920-1929
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Mussolini had to cancel the engagement owing to pressing affairs of state. Among others present: Senator Tomaso Tittoni, President of the Senate; Admiral Thaon de Reval, Minister of Marine; Signer Rocco, Minister of Justice; Senator Schanzer, ex-Foreign Minister; Senator Contarini, Secretary General of the Foreign Ministry; Signer de Stefani, Minister of Finance; Commendatore Pace, Director General of the Treasury and one of Italy's leading bankers; U. S. Ambassador Henry P. Fletcher...
...words of welcome by Baron Sardi, Vice President of the Society, Mr. Lament rose to speak. He paid the necessary compliments to those present, to the Premier, the Government, Ambassadors de Martino and Fletcher and ex-Ambassador Prince Caetani; then turned his attention to Italian finances, called Signor de Stefani's balanced budget "a wonderful feat." "I note, too," he said, "Italy's material advance in industry. I see no signs of public unrest or clamor. On the contrary, tranquillity everywhere prevails...
Premier Benito Mussolini stepped on his Finance Minister's toes when he unlocked the deadlock on the Bourse occasioned by Finance Minister De Stefani's decree against speculation. This immediately led to rumors of Signor De Stefani's resignation and it was presumed certain that the Premier would have to reshuffle his Cabinet before the next Parliamentary session; for, having virtually forced General di Giorgio, Minister of War, to resign (TIME, Apr. 13), and having accepted the resignation of the Under Secretary of War, it was conceded impossible for the Premier to sustain the loss...
...Bourse trouble was that the De Stefani decree limited the number of stockbrokers to about 33% of the existing total, thereby forcing many to liquidate their businesses and throw upon the market a large number of securities for which there were no buyers. Mussolini agreed to end this state of affairs by allowing all brokers to continue their profession, but he barred new ones from admittance to the Bourse until present numbers were reduced...
Minister of Finance De Stefani made a statement on the note circulation. He showed that, last December, the note circulation was 20,514,000,000 lire; while on Feb. 28, it was 19,871,000,000 lire, a decrease of 643,000,000 lire. He predicted that, by Apr. 30, the circulation would be reduced to 18,700,000,000 lire. All this, he? pointed out, increased the purchasing power of the lira...