A correspondent of a London paper remarks that some time ago it was mentioned that, the city of Pisa was, financially speaking, in a bad way, and that there was a rumour that the more pressing of the creditors had been trying to put an execution in at the Leaning Tower, Now he had to state that the bad example set by Pisa has been since followed by no less than 11 other Italian towns and cities, all of them having, like the city of the Leaning Tower, suspended payment. It is true that the defaulting communities are not very large or important ones, the largest qf the 11 being Paterza and Pesara, but It is none the less ominous that ao many Italian towns should be municipal bankrupts,
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Gisborne Standard and Cook County Gazette, Volume III, Issue 350, 12 September 1889, Page 3
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129Untitled Gisborne Standard and Cook County Gazette, Volume III, Issue 350, 12 September 1889, Page 3
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