Atl. nti..', ObtePvotrn,lIn his speech before the ItalianSenate on June 3rd, Foreign MinisterDino Grandi discussed someimportant matters of the duy,among them the Italo-Soviet commercialagreement, the negotiationsamong England, France and ltalyover naval disarmament, the proposedAustro-German customsunion, and the coming disarmamcntconfcrencc in 1932."Thcre is nothing ertraordinarvor exceptionai in the relations existirrehetrvetu Rome and l'fosq61,1.,"he deciared. "O',ir relationsu-ith l{ussia a.re of exactly thesar.ne nature as those that rve haveand Rr-rssia has u,-ith the otherEuropean States. This lneansmerelv that these relzttions are no1.inflr-re-nced bv the indisputable {actthat Russia" and Italt' have diametricallyopposite social and politicalconceptions."He then took up ihe misunclerstandingthat arose betrveen ltalvand France over the terms of theag'reement rvhich it seemecl thelthad come to u,itla the aid of GreatBritain, and expressecl the hopethat the beneficial effects of thosenegotiations r'r'ouid not be lost. "Isincerely hope," he concluded,"that the French Government u'i11,in answering the Italian ancl Britishnotes, c1o so in a r,^ralr r,vhichrvill permit the clifircuities to beovercome. "As f or the proposed Austro-German customs union, on u,hichSignor Grandi said the ItalianGovernment rn,ould reserve judgmenttill the whoie question hadbc,:n thoior-rghll investigated, iretl-rought it might "prepare the r,r'avfor possibilities which a.re forbiddenby treaties," thus disturbingtl-re Ccntral Errropean equilibrium.vrhich is something that Italy looltstlpon as inadmissible.Peace ca-n only be predicatedupon security, said the Italian F'oreignMinister, and this in turncan be based only on the harmoniousdevelopment of trn'o factors :The peaceful settlement of controversiesand the reduction ofarmaments, i.e., disarmarnent andarbitration.In conciusion Signor Grar-rdisaid: "I believe that lr'e have norvreached a decisive turning point inthe life of Europe. The generaldisarmament conference must giveEurope the moral stabiiity whichthe peace conference neither couldnor did give her."In recent vears \ve have beenu,orking to create a new system ofinternational relations and establishnew relations rvhich must berelations of peace. The disarma-"How Nice!"in the Nexu Yorh Ezenin! Pa.t!-Sthesment conf erence must give theserelations the gllarantee of theequilibrium of po\ver, r'vithoutin:hich we all feel that Europe u'i1lnot find het true stability and t-i1lnot emerge from her present uncertainfate."Charlie Chaplin, the u''o11d famouscomedian of the films, u-asinterviewed during his retent tripthrough Europe while on the trainen route from Vienna to Venice b1'a reporter 'of the Giornale cf ltalia.What he said in ans\ver to a questionas to r'vhat he thought aboutItaly is interesting:"It reminds me of California becauseof the variety of its coloringand the beauty of its sky. Filmfolk ought to love Italy, becausethe pioneer of the cinematographicindustry in America rvas the Italianbanker Giannini. Fifteen or).1 ')tTgnty \-ears ago that industrl'didn't exist, but he had faith incinematographl'. The other bankerssmiled skepticalll'."_*_The loliorving summary oiItaly's present economic conditionsappeared in a recent report of theFoleign Policy Association, "Reparationand the Inter-Ally Debtsin 1931, r\prt| 29, I93I," by Dr.James W. Angell.11[r. Angell, rvho is Professor ofEt:onomics at Columbia University,spent the 1,ear 1928-1929 stud).ingconditions in Germany under thear-rspices of the Council on ForeignRelitions and the Columbia Universitt-Council for Research in 'theSociai Scicnces, and is the ziuthorof "Tbc RecoverY of Germanl''""ltalr's nresent corrdition lies some-,,here betule.rr that oI France and Englancl.Although its population is aboutthat same as that of the first two countries,Ita11, is economicaily much weaker,for it is -poor in the natural resourccsnf itrdustiy, aud even in arable land'Like Germiny, Italy is therefore highll''lene::dcnt o'i foreign rru' materials anJioodstnffs. and on- Iorcign markets {orrh- salc.,f its menulacturcd productsItalr- also has large foleign debts, bothr,Lrbiic and lrivatc; anJ the ''real" tax.rurJcn ( measured on the hasis oI averasejnJir idtrai incomc), though lighrerri'in tlrat of the other thrce lea'1ingEriroocan countrics, is much hcavierrharr 'rlrrr or' the ['rtitc,] Stetc.. J trll s", ,,er.l ecunomic position js there lorc,,rrr .,i cL,rrsitlerable chronic strain' Btrtl.'p;i. great vulrrerability, . especiallyironr tlre irrtcrnational economlc polnl otvi.*'. Tielr has not bccn as hard hit hyLlre deprei.ion, at lcast to thc presentii".r., it have'Gern.rany and Englancl\\'hole.ale prices have fa11en about 20Dt:r c€flt ir the past ycar, as has exportirad.. brrt rlre iimitcd cvidencc availablei"dicates that the generai volume ofdonestic produciion Is holding up fairlyn'e11. and -is even sholving some signs olrecor-e r1'. ",\s though to bear out this summarr-.the ltalian government rnterniibond issue put 'out to refunc'r4 billion lire (about $209,000,0ft))of the countrY's debt due in November.l'as' heavilY over subscribedbr ahout 751 . accotdingt,, Financ-e Jlinister Mosconi's announcernentlast rnonth before theSenate, u,hence it evoked thunderouscheers. Once again, therefore'and conviucingly, reports currenlabroad that Itab' has been vainl'"seeking foreign 1oans, are set ai
ATLANTICA'S OBStrRVATORY243rest. especially in vier,r- of SenatorMosconi's further assertion thatthe deficit, reduced this year to rrnder$50,000,000, has been decreasingmonth by month._---I--In helping the campaign of IlProgresso and Il BolTetino, I.taliandailies in New York publishedbv Generoso Pope, to prevent undeserveclaspersions from beingcast on the good name of the Italiansin this country, either in neu.spapersor booiis, stage or screen.(a campaign which reached itsheight last month when MayotWalker ancl other prominent personalitiesspoke over the radio insupport of the moyement), Italianconsuls and consular agentsthroughout the United Siatesrvould do well to follow the exampleset by the ner,v Italian Consulat \Telv Orieans, Dr. MarioDcssaules. antl protest vigorousll.:it ail manifestations which come totheir attention of this unfair tendencvof attributing to the greatmass of Italians in the UnitedStates, those qualities of a loweriiind that are to be found in a fervin every race and nationalitr,.youCAN'TTssvBANCO DINAPOLITRUST CO"526 BroadwayNew YorkEVERY BANKTRANSACTIONTelephone : CAnal 6-3112the Atlantic wAnd because itItaly has openedTERNAL ROME-Naples,with Pompeii silent in thesun and Vesuvius trailinga lazy plume across thatturquoise sky-Florenceof the Renaissance_Ven_ice, the ltalian Riviera-Milan and the Scala. Howcan one af{ord to crossithout visiting ltaly?has so much to offer,a new tourist informationoffice in New York City to serve you in co_operation with the tourist agencies jnd steam_ship companies. Literatur-e is sent-routesand hotels suggested. flTo assure the utmoste.njoym.ent from your trip, take advantage ofthe facilities offered.by the off icial travei rep_resentatives of the Royal ltalian Government.Meantime, let us send- you interesting litera_ture on present day travel in ltaly,]Ji ff.tb,nv91qe Squibb Buitding NewITALIAN TOURIST INFORMATIONYork CityOFFICE
- Page 1 and 2: NTI LTHE ITALIAII I}IOITTIILY ISEYI
- Page 3: AI-I-ANTIC.\, ILrNE, 1931 241TeleBl
- Page 7 and 8: ATT,ANTIT,AThe ltalian Monthly Re.r
- Page 9 and 10: EuPCpe .nJ thn untteJ St.tesbe D".
- Page 11 and 12: EUROPE AND THE LTNITED STATES249l'"
- Page 13 and 14: of being a creature of theearth, th
- Page 15 and 16: SALANDRA'S PART IN THE WORI,D \\IAR
- Page 17 and 18: It. li.n EJucc ttn,in E.nlu Amepico
- Page 19 and 20: \)(/huN eql n.tDon tn?A Do"onin Dno
- Page 21 and 22: WHY NEGI-ECT DANTE?' ri " poets. lt
- Page 23 and 24: .,''..:lqtiArlir:tilitilt:TorboleL"
- Page 25 and 26: Dces DepPessicn Afft.t A nt?D".iJ"J
- Page 27 and 28: Th" E.l.nce rf Tn.Jn Ent neenIt. l,
- Page 29 and 30: Tl," lQreolIt"honLJ n ivensitgfon F
- Page 31 and 32: Exhibition of lourisln in 1911.:,nd
- Page 33 and 34: AiJinq thn C"lr-bu, l-i cspit. l,Th
- Page 35 and 36: B ooks In ReviewTHE MODERN ITALIAN
- Page 37 and 38: llroclamation of the German Empirea
- Page 39 and 40: tion is not la f olle d,u logis,lh.
- Page 41 and 42: EUROPE AND THE UNITED ST:\TES279mat
- Page 43 and 44: to the exceptional ciirnate ofthe r
- Page 45 and 46: irclLrcle Charles IIacl
- Page 47 and 48: THE ITAI-IANS IN THtr UNITED STATES
- Page 49 and 50: A Mlnlaturc Anthology,,IL BAON VENT
- Page 51 and 52: SPBCIAL OF'FER TO OUR PAID SUBSCRIB