The ruinous project of selling the tobacco monopoly enter- tained
by the Italian Government has been abandoned. S. Scialoja thinks he can do better by pledging the public domains, and will at the end of the current year Still have 4,000,000/. of the national loan. That will not meet a de- ficit of at least 8,000,0001., bat it will be further reduced by the Venetian surplus, by 5,200,000/. expected from taxes imposed last session, and, we believe, by an excise duty upon wine. There is no sign, however, of any decrease in the cumbrous and over numerous civil staff.