WILD RUN
STARTED ON ITALIAN BANKS AIR RAID AND INVASION FEARS. INFLATION INTENSIFIED. (By Telegraph—Press Association —Copyright) (Received This Day, 12.40 p.m.) NEW YORK, December 28. Recent air raids and the fear of an Allied invasion of the Italian mainland from Africa have started a wild run on Italian banks, according to reports reaching banking circles here, reports the “Herald-Tribune’s” London correspondent. Wide-scale hoarding had also developed, leading to an expansion of the paper money issue, thus swelling inflation, which has already inflicted acute misery on the Italian people. Mr Charles Politti, Governor of New York State, broadcasting to Italy, appealed to Italians to throw out their leaders. He declared that their only hope of peace and liberty lay in a United Nations victory. The American people expected Italians soon to be liberated from the yoke of Hitler and Mussolini.
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Wairarapa Times-Age, 29 December 1942, Page 4
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140WILD RUN Wairarapa Times-Age, 29 December 1942, Page 4
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