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in November 1924 12,007,200,000. The total amount entrusted to the Postal and ordinary Savings Banks, Banks and Monti di Pietà amounted approximately in December 1922 to 50 milliards, in December 1923 to 55 miliards, and by the end of 1924 had rearhed 60 milliards.
Each of thes figures has its own importance, but the concomitant and parallel improvement in all the indices of the economic and financial situation is peculiarly significant.
We can verily heave a sign of relief as we look back on the dangers which we have escaped, and we should indeed be grateful to the captain who has piloted us through to safety; but let us not forget that the voyage is not yet over, that fresh difficulties arise from hour to hour, and that it would be an unpardonable sin to obstruct his action while the ship is still saliling in insecure waters.
We have now set forth the situation and its satisfactory features. But let us not ignore the criticisms which are being made. These are of divers nature. There those made by the enemy, i. e. by parties hostile to the
