Show 1 I NEW ITALIAN ENVOy OUTLINES POLICY iN IN UNITED STATES Thinks MucH to Be Gained for Both Countries by Concord ROME RO Dec 31 21 By Dy the Associated Press The Press The newly appointed Italian ambassador to the tho United States Signor Signer Rolando flied Ricci foreshadowed the tho establishment of a new economic agreement between the United States and Ifal Italy In th the tho course of or his address before the American Italo a association Signor Signer Ricci Is leaving shortly to take up his duties In Washington Robert Underwood Johnson American American Ameri Amen can amb ambassador to Italy HaIr commented in reply on m n the mutual In interests of the two countries and enumerated reasons why they should Increase their com commercial commercial mercial relations AMBASSADORS' AMBASSADORS PROGRAM Taking up tip the policies ho expects to pursue n at his new post Ambassador RIcci said An agreement between the two twos countries will he be mutually useful and easy as America has plenty of capital and raw materials I Italy has plenty of ot willing Industrious workers Ital Italy can join her capital of workmen with Americas America's capital of ot abundant raw materials and furnish p partially worked products in accordance accord ance anco with the tho various various- specific exigencies exigencies cies ales of consuming countries especially in the eastern Mediterranean basin Though Italy tab is lacking In raw materials materials materials ma ma- she has an Immense supply of ot water po cr Why should not not-Ameri can bankers and manufacturers realIze realize realize real real- ize that it is both to their and Italy's advantage to help in the great great- work of efficient and complete utilization of ot our out water power TO ToO RESTORE CONFIDENCE Many 1 lan Italian exportations are less flourishing than they might be be because because because be- be cause they arc are insufficiently cared for tor here and Insufficiently organized in America i I shall I-shall inform inform- Ital Italy of ot all deficiencies d In her exports and shall watch that no no obstacles are raised inAm in Am America to to a trade which will be ad advantageous d- d both hoth to th the Italian exporter and the American consumer The first step will be to restore confidence in Italy Itah as Italy has the right to be he iru tru tru-rI tru rS since she always had been square and above board inI in her dealings The lack of I confidence was not created by past experience bu but by a scant knowledge of I Italian conditions I think Italy would greatly profit If lea leaning leading ing Americans could be induced to comb come com cometo to this country remain three months see the real conditions and ascertain what can be Jone h here re JOHNSONS JOHNSON'S REPLY J Replying to the remarks of Signor Signer Ricci flied Ambassador Johnson said saip Americans have much to learn of ot Italy's sterling sterling- qualities qualities' her her traditions traditions traditions of liberty which she desires not only for herself but also for all mankind mankind man man- kind her fin fine sense of chivalry leftover leftover left leftover over from the much abused past her genuine democracy in w which ich man is valued for what he is not for his title or purse and also her abounding kindliness of or personal intercourse with strang strangers rs to which my countrymen continually give grateful testimony Upon such common ground of good goodwill goodwill goodwill will to men must be built any new structure of society Because these fundamental qualities are lacking in inthe inthe the soviet scheme me it will never have the approval of Italy or America |