Show BANKRUPT CONDITION ITALY is in a very sad bad financial condition it is on the verge of bankruptcy and it is doubtful it if the efforts and ability of the new ministry can cad avert it the war department haa ha been swallowing immense sums without roy any apparent return the new pro gramme includes a reduction of the army how far this will effect kee ct its standing in the triple ae alliance aill knee cannot at present be well ascertained many able italian politicians are opposed to decreasing the army on the ground that it is the only school where education homogeneity and i rationality are taught within the kingdom A very costly colonial experiment has been conducted for some time in eastern africa by the italian government vast sums of money have been expended expend eJ and so far no results have been obtained it is proposed to abandon this colonial scheme entirely I 1 the london times timea says that atalyja depressed depressed condition is owing to the vust vast bu sidles to railroads municipalities rod and corporations given by the imperial government costly public works of very little material benefit have been and are being operated in a loose dishonest extravagant way the situation in italy affects the financial centres bentres of europe and it is said will retard recovery from the general depression which has prevailed for the past two years |