Word: lamentably
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Called upon Premier Benito Mussolini Thomas W. Lament, partner of J. P. Morgan...
After a few words of welcome by Baron Sardi, Vice President of the Society, Mr. Lament rose to speak. He paid the necessary compliments to those present, to the Premier, the Government, Ambassadors de Martino and Fletcher and ex-Ambassador Prince Caetani; then turned his attention to Italian finances, called Signor de Stefani's balanced budget "a wonderful feat." "I note, too," he said, "Italy's material advance in industry. I see no signs of public unrest or clamor. On the contrary, tranquillity everywhere prevails...
...toning down his words of high praise, Mr. Lament reminded his rapt audience that he did not mean that all Italy's difficulties had been overcome...
Finance Minister de Stefani, in replying, thanked Mr. Lament for his flattering remarks about his financial policy, which he adumbrated anew. He was also glad that such prominent American figures as Messrs. Lament, Reed and Stearns had come to Italy to find out the true state of things for themselves...
...Lament went to Italy "for nothing more than a vacation," but bankers' "vacations" have come to possess a special and technical significance-something akin to the sudden "illness" of diplomats. Bankers leave Manhattan loaded with golf-clubs, but closely followed by earnest-faced secretaries even more heavily loaded with brief cases and portfolios...