Commercially, to-day Montenegro is practically an Italian colony. Italians manage the tobacco monopoly; they conduct, under the Montenegrin fig, the -navigation on Lake Seuteri; they control the Marconi station at Antivari, and the time is not long past when this condition of affairs was apt to cause some restless spirits to raise the cry of "Montenegro for the Montenegrins." Capital, however, has been scarce and probably the country has reaped greater advantages under this system of foreign concessions than would otherwise have been the Since 1908 Montenegro has had its own coinage, based on a silver unit called a "pepper." A bank has, as a natural corollary, been founded, and in 1908 a railway connecting Scutari with the harbour of Antivari was inaugurated. Cetinje is joined by s motor car service with Cattaro and Podgoritza; telephones are installed in this simple, Dart-
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