RUN ON ITALIAN BANKS
REPORTED PANIC. United Press Assn —By JElectrl?. Telegraph— CoDyright NEW YORK, December 28. The' recent air raids and the fear of an Allied invasion of the Italian mainland from Africa have started a wild run on the Italian banks, according to reports reaching banking circles here, reports th© HeraldTribme’s Tx>ndon correspondent. Wide scale, hoarding has also developed leading to expansion of the paper money issue, thus swelling the inflation which has already inflicted acute mieery on the Italian people. Mr Charlos Politti, Governor of New York Stc.te, broadcasting to Ttaly appealed' to th© Italians to throw' out their leaders. He declared that the only hope of peace and liberty lav in a United Nation’s victory The American people expected that the Italians would soon ho liberated from the yoke of Hitler and Mussolini.
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Bibliographic details
Pahiatua Herald, Volume XLXI, Issue 15237, 30 December 1942, Page 2
Word Count
137RUN ON ITALIAN BANKS Pahiatua Herald, Volume XLXI, Issue 15237, 30 December 1942, Page 2
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