The European press is obviously excited by the latest speech of the Italian Prime Minister. Signor Mussolini can at least claim that he is not prepared to aay smooth convey an optiaiim which bh oes not fee! He is also on fir ground in criticising the folly of trusting to vague generalities garding pacific intentions for the salvation of the world from ths pails of war, It isto be hopxt however that the frankness with which he has stated his country's apprehensions will evoke—equal frankness in dissipate fears which, ut tris time of serious econ: amic " depression throughout the world, not but have a disturbing
Text read from the printed page and cleaned; old type leaves the occasional error.