Ogden Standard-Examiner | 1920-12-31 | Page 6 | Italy Suggests Pact with U. S.

ITALY SUGGESTS PACT WITH U. S. Her Manpower and American Raw Materials Should Be Joined. Says Envoy ROME, Dec. "1 Oy the Associated Associat-ed Press). The newly appointed Italian Ital-ian ambassador to die United States, t Signer ROlandJ Ricci, foreshadowed Lhe establishment of a new economic, j agreement between the United States and Italy, in the course of his address today before the I talo -American as-1 oi ni ion. Sign or Eticcl is leaving sbort-I, sbort-I, to take up his duties in Washing ! ton. T.obert Underwood Johnson, American Amer-ican ambassador to Italy, commented Ln reply on the mutual Interests of thej two countries and enumerated reasons why the should Increase their com- merclal relnlions. Taking Up the policies he expects to pursue at his new post. Ambassador, Riccl said: TI.W TO JOIK I OJH I IS. "An economic agreement between' the two countries will be mutually USi ml and easy as America ha.; plenty ol capital and raw materials while Italy has plenty of willing, industrious: workers Italy can join her capital ol workmen with America's capital efj abundant raw materials and furnish partially worked products in accord-1 i:;ii with the various specific xlge;i-. xlge;i-. li - "f consuming cm. t. tries, especial-j ly in the eastern .Mediterranean basin. ba-sin. "Though Italy is lacking In raw materials, ma-terials, she has an immense supply of water power. Why should not American Ameri-can bankers Slid manufacturers realist thru ;t is both to their and ltaly"s ad-v ad-v tntage to help in the great work of efficient and complete utilization of lour water power?" EXPORTS I" AMERH v. ! "Many Italian cxportaliovs are less flourishing than they might be be- cause they are insufficiently cared for hero and Insufficiently organized in I An: lica. j shall Infprm Italy of all! deficiencies ln her exports and shall; watch that no obstacles are raised in America to a trade which will be ad-; vantageous to both the Italian exporter export-er and the American consumer. "The first step will be to restore confidence in Italy as Italy has the rlghl i" be trusted wince she always had be n square and above board In her commercial dealings The lack of J confidence was not created by past ex-! perience, bui by a scant knowledge ofl Italian condition 1 think Italy would gri lily profit if 10,000 leading Americana Ameri-cana could be Induced to coiqc to this country, remain ihrc-e months, see the! real conditions, and ascertain what can bo done here." Mi; ISSADOR'S RI PIiY. Replying to remarks of S'.gnor RlccO Ambassador Johnson said. Americans have much to learn ot'i Italy's sterlnur nnaiitiea. her traditions' I of llbertj which she desires not only I for herself but also foi ail mankind, I her fine sense of chivalry left over from the much abused past, her genu-jine genu-jine democracy In which man is lued j for w hat he is, not for his title or 'purse, and also her abounding hind-llhiess hind-llhiess of personal intercourse, with 'strangers, to which ihy countrymen j continually give grateful testimony. Upon such common ground of good I will to men must be bulk any new structures of sociolj : because these fundamental qualities are lacking In the soviet scheme, it will never have the approval of Italy or America." on