Word: volpi
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Minister of Interior Luigi Federzoni, famed henchman of the Vatican (TIME, July 12), presented for the Cabinet's approval last week, a decree nearly as drastic as the deflation measure sponsored by Finance Minister Count Volpi...
...suave oval-faced Italian with a scrubby Vandyke beard, added half a cent last week to the value of the lira.* No prestidigitator, Finance Minister Count Volpi performed this modern alchemy by obtaining Premier Mussolini's assent to a hard-headed Cabinet decree enforcing deflation of the lira. So drastic is this reform that Signor Grandi, Under Secretary of State for Foreign Affairs, commented...
Economists, not so sanguine, shook their heads. They recalled the bitter fight waged to restore the pound to par ($4.86) though it never sank below $3.37. Before Premier Mussolini and Count Volpi the task looms of raising to 19c odd, a coin now worth less than 4c. The "deflation pains" of Italy seem likely to prove keen...
Round an ample table at the Hotel Royal in aristocratic Evianles-Bains three famed U. S. citizens lifted their glasses high last week. What was in the glasses was nobody's business. But what was Secretary Mellon, who had just returned from conferring with Finance Minister Count Volpi of Italy, saying to Benjamin Strong, Governor of the Federal Reserve Bank of New York, who had just conferred at Antibes, French Riviera, with Mr. Montagu Norman, Governor of the Bank of England, and at Geneva, Switzerland, with Dr. Hjalmar Schacht, Director of the German Reichsbank? What, moreover, was Agent General...
Signor Mussolini, well nigh intoxicated by these splendors, climbed a steep and rickety ladder with intent to view in panorama the expanse of Leptis Magna, which slumbered beneath a protective layer of sand from about the Sixth Century until four years ago, when Finance Minister Count Volpi, then Governor of Tripoli, commenced its excavation...