Italian General Election, 1892

General elections were held in Italy on 6 November 1892, with a second round of voting on 13 November.Dieter Nohlen & Philip Stöver (2010) ''Elections in Europe: A data handbook'', p1047 The "ministerial" left-wing bloc emerged as the largest in Parliament, winning 323 of the 508 seats. The electoral system reverted to the pre-1882 method of using single-member constituencies with second round run-offs.Nohlen & Stöver, p1030

Background

Giovanni Giolitti's first term as Prime Minister (1892–1893) was marked by misfortune and misgovernment. The building crisis and the commercial rupture with France had impaired the situation of the state banks, of which one, the '' Banca Romana'', had been further undermined by misadministration. The ''Banca Romana'' had loaned large sums to property developers but was left with huge liabilities when the real estate bubble collapsed in 1887.Alfredo Gigliobianco and Claire Giordano
Economic Theory and Banking Regulation: The Italian Case (1861-1930s)
, Quaderni di Storia Economica (Economic History Working Papers), Nr. 5, November 2010 Then Prime Minister Francesco Crispi and his Treasury Minister Giolitti knew of the 1889 government inspection report, but feared that publicity might undermine public confidence and suppressed the report.Seton-Watson, ''Italy from liberalism to fascism'', pp. 154-56

The Bank Act of August 1893 liquidated the ''Banca Romana'' and reformed the whole system of note issue, restricting the privilege to the new ''Banca d'Italia'' – mandated to liquidate the ''Banca Romana'' – and to the '' Banco di Napoli'' and the '' Banco di Sicilia'', and providing for stricter state control.Pohl & Freitag, Handbook on the history of European banks''
p. 564
/ref> The new law failed to effect an improvement. Moreover, he irritated public opinion by raising to senatorial rank the governor of the ''Banca Romana'', Bernardo Tanlongo, whose irregular practices had become a byword, which would have given him immunity from prosecution.Duggan, ''The Force of Destiny''
p. 340
/ref> The senate declined to admit Tanlongo, whom Giolitti, in consequence of an intervention in parliament upon the condition of the Banca Romana, was obliged to arrest and prosecute. During the prosecution Giolitti abused his position as premier to abstract documents bearing on the case.

Simultaneously a parliamentary commission of inquiry investigated the condition of the state banks. Its report, though acquitting Giolitti of personal dishonesty, proved disastrous to his political position, and the ensuing Banca Romana scandal obliged him to resign.Cabinet Forced To Resign; Italian Ministers Called "Thieves" by the People
The New York Times, November 25, 1893 His fall left the finances of the state disorganized, the pensions fund depleted, diplomatic relations with France strained in consequence of the massacre of Italian workmen at Aigues-Mortes, and a state of revolt in the Lunigiana and by the Fasci Siciliani in Sicily, which he had proved impotent to suppress. Despite the heavy pressure from the King, the army and conservative circles in Rome, Giolitti neither treated strikes – which were not illegal – as a crime, nor dissolved the Fasci, nor authorised the use of firearms against popular demonstrations.De Grand,
The hunchback's tailor
', pp. 47-48 His policy was “to allow these economic struggles to resolve themselves through amelioration of the condition of the workers” and not to interfere in the process.Seton-Watson, ''Italy from liberalism to fascism'', pp. 162-63

Parties and leaders

Results

References

{{Authority control

General elections in Italy
Italy
1892 elections in Italy
Italy