Word: volpi
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Dates: during 1920-1929
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...Rome last week at the Hotel Excelsior. One morning there called for him a twinkling limousine in which sat a scrubby bearded Roman of alert, engaging mien. Soon Agent Gilbert stepped into the limousine and sped away for a day of motoring and converse with Finance Minister Count Giuseppe Volpi, famed co-negotiator with Secretary Mellon of the Italo-U. S. debt settlement (TIME...
...financing a whole series of companies in Northern, Central and Southern Italy. Most notable, of course, is their issue for the Hydro-Electric Company of Piedmont, the S. I. P. (Societa Idroelettrica Peidmonte), famed because it is controlled by Il Duce's Finance Minister Count Giuseppe Volpi...
...vast wealth and prestige of Finance Minister Count Volpi enable him to retain a very limited private initiative; and the potent connections of Minister of Colonies Dr. Luigi Federzoni with the Vatican give him likewise a modicum of independence...
Count Giuseppe Volpi, brilliant, suave, self-made Finance Minister, spoke to the Senate, last week, with what he styled "brutal frankness." The Government, he said, had put the lira on a gold basis (TIME, Jan. 2), but it will not go further and issue gold coins. Secondly, the Government will shortly lift most of the restrictions on foreign trading and exchange transactions with private Italian interests. Thirdly, notice is again given that Italy will continue repaying her debt to the U. S. only so long as her receipts from German reparations continue...
During his address Count Volpi strikingly exhibited the fact that there are two opposed concepts of a debt. The first, generally professed by Anglo-Saxons, is that of an obligation which must be met simply because it exists. The second, based by Latins on experience, is to regard the entire voluntary repayment of a debt as a phenomenon both mystical and meritorious. Said Count Volpi...