Giuseppe Saracco
Encyclopedia
Giuseppe Saracco was an Italian
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...

 politician
Politician
A politician, political leader, or political figure is an individual who is involved in influencing public policy and decision making...

, financier and Knight of the Annunziata
Order of the Most Holy Annunciation
The Supreme Order of the Most Holy Annunciation is an order of chivalry, or knighthood, originating in mediæval Italy. It eventually was the pinnacle of the honours system in the Kingdom of Italy, which ceased to be a national order when the kingdom became a republic in 1946...

.

Biography

Giuseppe Saracco was born at Bistagno
Bistagno
Bistagno is a comune in the Province of Alessandria in the Italian region Piedmont, located about 70 km southeast of Turin and about 35 km southwest of Alessandria....

 (province of Alessandria
Province of Alessandria
The Province of Alessandria is an Italian province, with a population of some 430,000, which forms the southeastern part of the region of Piedmont. The provincial capital is the city of Alessandria....

).

After qualifying as an advocate, he entered the Piedmontese parliament in 1849. He was a supporter of Cavour. After Cavour died in 1861, Saracco joined the party of Rattazzi
Urbano Rattazzi
Urbano Pio Francesco Rattazzi was an Italian statesman.-Biography:He was born in Alessandria . He studied law at Turin, and in 1838 began his practice, which met with marked success at the capital and Casale. In 1848, Rattazzi was sent to the Sardinian chamber of deputies in Turin as...

 and became under-secretary of state for public works in the Rattazzi cabinet of 1862. In 1864 Sella
Quintino Sella
Quintino Sella was an Italian statesman and financier.-Biography:Sella was born at Sella di Mosso, in the Province of Biella....

 appointed Saracco as secretary-general of finance, and after being created senator in 1865, he 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
Agostino Magliani
Agostino Magliani , Italian financier, was a native of Lanzino, near Salerno.He studied at Naples, and a book on the philosophy of law based on Liberal principles won for him a post in the Neapolitan treasury...

's loose financial administration. Selected as minister of public works by Depretis
Agostino Depretis
Agostino Depretis was an Italian statesman.-Biography:Depretis was born at Mezzana Corte, near Stradella, in the province of Pavia ....

 in 1887, and by Crispi
Francesco Crispi
Francesco Crispi was a 19th-century Italian politician of Arbëreshë ancestry. He was instrumental in the unification of Italy and was its 17th and 20th Prime Minister from 1887 until 1891 and again from 1893 until 1896.-Sicily:Crispi’s paternal family came originally from the small agricultural...

 in 1893, he worked 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 he succeeded in forming a Cabinet of pacification after the Obstructionist crisis which had caused the downfall of General Pelloux
Luigi Pelloux
Luigi Gerolamo Pelloux was an Italian general and politician, born of parents who retained their Italian nationality when Savoy was annexed to France....

. His term of office was clouded by the assassination of King Umberto
Umberto I of Italy
Umberto I or Humbert I , nicknamed the Good , was the King of Italy from 9 January 1878 until his death. He was deeply loathed in far-left circles, especially among anarchists, because of his conservatism and support of the Bava-Beccaris massacre in Milan...

 (29 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 general dock strike at Genoa
Genoa
Genoa |Ligurian]] Zena ; Latin and, archaically, English Genua) is a city and an important seaport in northern Italy, the capital of the Province of Genoa and of the region of Liguria....

.

After February 1901 Saracco resumed his functions as president of the senate, but on the advent of the third Giolitti
Giovanni Giolitti
Giovanni Giolitti was an Italian statesman. He was the 19th, 25th, 29th, 32nd and 37th Prime Minister of Italy between 1892 and 1921. A left-wing liberal, Giolitti's periods in office were notable for the passage of a wide range of progressive social reforms which improved the living standards of...

 cabinet, he was not reappointed to that position.

Saracco received the supreme honour of the knighthood of the Annunziata
Order of the Most Holy Annunciation
The Supreme Order of the Most Holy Annunciation is an order of chivalry, or knighthood, originating in mediæval Italy. It eventually was the pinnacle of the honours system in the Kingdom of Italy, which ceased to be a national order when the kingdom became a republic in 1946...

from King Umberto in 1898.
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