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in order that in the life of the Empire should not be subject to the excessive mobility of Parliamentary vicissitudes? Under the pressure of external events Germany has now modified this system, but I have just returned from Berlin, where I was impressed with the disastrous consequences already produced by the change. A crisis dragged on for a long time and the President of the Republic was unable to form a Cabinet, until he was at last forced to have recourse to the makeshift of a Cabinet of affairs, in which no less than five members, including the Chancellor, were not political men, but officials or private citizens. All these complications are gradually convincing the German people that it will be advisable to return to the former system.
The restored confidence of foreign countries in Italy is indicated by the tourist traffic returns. According to recent and careful statistics compiled by the Ente Nazionale Industrie Turistiche, it is estimated that 700,000 foreigners visited Italy in 1923, spending approximately about two and a half milliards of lire. On the other hand the libellous propaganda of the last few months, actively
