Show I i I I NuT Nini APPROVES GLASS LETTER LETTERA A Avers ers Italy Asks Only for forT T Time in Which to Pay Its War Debts li Hr AEN J Pre Iru Rome Feb 4 Premier In a 1 lengthy statement to tho the Associated Press today on the economic situation said Bald t tI I agree reo with lh many points in the letter letter letter let let- ter of ot Secretary Glass addressed to tho the American Chamber of oC Commerce Europa Europe Europe Eu Eu- rope ropa must be bo animated by the spirit spirito o of peace The present state of ot mind cannot continue long But nut above e all nU it Il is impossible to prolong much further fur fur- flier ther the present economic situation Ital Italy has haa set an example understanding understand understand- ing ing- this necessity We Wc first among all the no nations lions of or Europe have havo adopted the heaviest tax tax- Wo Yo are aro raising taxes sufficient dent clent to pa pay the tue Interest on our debts an and also alBo our expenses For each new debt we ne have advised new taxation We roc Weare Weare are approaching equilibrium of or the national na a budget and if It we wo could count counton counton on on or favorable circumstances we should bo be th the first nation on the tho European I continent to bal balance nce our income and expenditure Cx p e a d i tu re Will Aid only on our Own strength not on Indemnities from the vanquished Continued on Page Pago 9 9 g 1 r r APP OVES r y s 's BY GlASS ri 7 i from irom Page Pago 1 1 S e neo Indemnities It If these bo Just it It will tf 11 a ue ere paid sacrifices sacrifice But wo 0 flU fin our for tor r a Ilea at t defend forpe pe c exclusively elY t tl on our own loan 1 t. c 1 just launched a great k notes treasury order rd t to o withdraw nod and re reduce uce time tho rom title this loan Subscriptions to marl billion lire fourteen adr df amount to to from line w u us s CoO to to lo 1 in treasury Is the time paper currency t and decrease r doubt as to tor tor cast an any S t e hart bath n ver r contracted In debts debt r dump to pal nd ond Wo We have havo asked postponement It for lor a a. reasonable Jot sot flat f 1 fora for Co a country which has hae made made- immediate like to have havo es ours neat demanded t True Tree to Old Roman nomaD Sl Spirit irit qt It would not be bo unreasonable or un- un do not fOe forgot get nt I but for all that we 0 r We ICs are deed descendants of or those 6 lest Romans who vho said sold that at to 0 owe owes e ener s sty ner was ts to be bo a a. slave 1 tte We e will n not t. t slues even nen to our best friends Wo Wn ire re Ie to return as soon as possible hit bat t we e e borrow however must understand t situation clearly An o egotistical t tnt Irit now animates the nations the sot having h brought that solidarity oh Ich should hould have havo resulted from trials j I md ared together h r time fh rise rile rl e in exchange represent a aTe 1 TJ tt danger dancer giving to all aU a feeling tt t tit It ft is 11 IL a threat thre to economic life liCe and 11 peace The rise in exchange r. r bout about a 3 rapid and continuous of ot expenses expense causing causing- un- un and strikes which In jn n their turn production making the th rela- rela i between the classes increasingly r lt It cult and dangerous R. R aT ry Policies Adopted d Pother the time situation Uon gives tho the icier of oC alarming Instability to the economic life lifo of the country countr ng possible abnormal occur- occur ces and gra gravely el ely disturbing home borne action and foreign commerce 1 JT 1 has adopted all measures at atI I which Hill contribute to tho the do doof door do- do e- e of or h her r financial and economic nation but bt her efforts must be It led while a problem BO so vast and tx must e have an international lion ODi has all ahva al 18 t ays 8 wanted and still stilli U ta 10 o be as a power potter in inI I or or ot i peace pe te and democracy Amer- Amer p Or at al i least a a. considerable part of pUblic J opinion has no tto l idea ea I I Wr lh if the and elton and sacrifices ma made e b by byH r lr la Its H war days das Itil Italy Is B a country entered the war animated b by hy fri t. t tend e the of at S' S the Pure purest t Id idealism allem She She Shein t most severe losses She Shed ai oed red fJ d in in the w the least clean War ar spontaneously spontaneous and t roc compensation for the thc f Y tb the e war wrought rediD of U. U S. S Underwood nood I welt well under understand tand rant t td crates a that in feeling ot of distrust rill ru CaU r. r ud ad there Is a l disinclination t c credit edit at a time Umu when It that thu might lh that It Is Europe still meditates 8 war title which heI helps s to maln- maln the 11 iton nPr present sent to lo ut nO cou ld do o gr greatt great great- alId al- al Id t a countries h greatly both r Internal an and exter- exter 1 We lSe need e the to 0 pr present be uncertainty e able else to buy on time the market the iii What is indispensable s of al COIn goof OUr Country under condl condl- f n It is s stability i and for Cor fory necessary y for us that at should put of tho 0 principal coun- coun their r earl s together er r t and at once take steps to end the present present pres pres- ent Intolerable position If ulC the present disorder cr is not re replaced replaced re re- placed by some form of ot enlightened and honest op co-op operation co-operation it is not a European crisis only which will follow but a u crisis all nil over the world worl And that is a a. prospect too awful to bo- bo hold Am America Too Im Imperiled Tho United States government can rend render r services of the thc highest value to humanity and to America herself which would suffer Ju for from froin a worl world wide crisis Ita Italy 1 needs s above o all things rats ran materials find anti foodstuffs Hal Italy has ha an nn immense reserve o of ot man power in n I few cw years Wears time time time-I I am nm never tired of oC repeating it Ital It Italy 3 will be ono of ot the richest countries In tho world I |