Word: stefani
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Dates: during 1920-1929
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Signor Alberto de Stefani, Minister of Finance, called upon Premier Benito Mussolini, to whom he said, in effect: "Certain people in the Party have criticized me for balancing the State budget at the expense of municipal finance. In vain have I defended myself; and in order to silence these hostile voices, I offer you my resignation." With expressions of regret the Premier accepted the Finance Minister's resignation...
...Stefani. Alberto de Stefani became Minister of Finance in 1922, since when he has worked miracles for Italian finance, turning a heavy deficit into a surplus. Opposition to him crystallized last spring when he issued certain decrees regulating Stock Exchange transactions which, however brilliant in theory, were disastrous in practice...
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 Italy was able to do without such...
King Vittorio Emanuele opened to the public the newly excavated Forum of Augustus. In subterranean passages, the Royal party viewed the old State vaults which are said greatly to resemble those of the present Italian Treasury. Commenting upon their similarity, Finance Minister Alberto de Stefani laughingly said: "Like our vaults, there is no money in them...
Finance Minister de Stefani, in replying, thanked Mr. Lament for his flattering remarks about his financial policy, which he adumbrated anew. He was also glad that such prominent American figures as Messrs. Lament, Reed and Stearns had come to Italy to find out the true state of things for themselves...