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Encyclopedia Britannica



SARACCO, GIUSEPPE (1821-1907)

This article appears in Volume V24, Page 203 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: SAC-SAR
SARACCO, GIUSEPPE (1821-1907) , Italian politician and financier, and knight of the Annunziata, was born at Bistagno on the 9th of October 1821, and, after qualifying as an
advocate
 
    See Also:
, entered the Piedmontese
parliament
  in 1849. A supporter of Cavour until the latter's death he joined the party of Rattazzi and became under-secretary of state for public works in the Rattazzi cabinet of 1862. In 1864 he was appointed, by Sella, secretary-general of finance, and after being created senator in 1865, acquired considerable fame as a
financial
  authority. In 1879 he succeeded in postponing the
total
  abolition of the grist tax, and was throughout a fierce opponent of Magliani's loose
financial
  administration. Selected as minister of public works by
Depretis
  in 1887, and by Crispi in 1893, he contrived to mitigate the worst consequences of
Depretis
 's corruptly extravagant policy, and introduced a sounder
system
  of government participation in public works. In November 1898 he was elected president of the senate, and in June 1900 succeeded in forming a " Cabinet of pacification after the Obstructionist crisis which had caused the downfall of General Pelloux. His
term
  of office was clouded by the assassination of King
Humbert
  (29th July 1900), and his administration was brought to an end in February 1901 by a vote of the chamber condemning his weak attitude towards a
great
  dock strike at Genoa. After his fall he resumed his functions as president of the senate; but on the advent of the third Giolitti cabinet, he was not reappointed to that position. He died on the 19th of January 1907. He received the supreme honour of the
knighthood
  of the Annunziata from King
Humbert
  in 1898.


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