Although the differences between the Old School and the New School were much less in 1869 than in 1837 - during the separation the New School was conservative, the Old School liberal, in tendency - there were serious dissensions in the northern church after the union.
But in Italy, although they were severally identified with the papal and imperial parties, they really served as symbols for jealousies which altered in complexion from time to time and place to place, expressing more than antagonistic political principles, and involving differences vital enough to split the social fabric to its foundation.
Though their rule was favorable to the Romans, they were Arians; and religious differences, combined with the pride and jealousies of a nation accustomed to imperial honors, rendered the inhabitants of Italy eager to throw off their yoke.
This unification meant for the army the absorption of contingents from all parts of Italy and presenting serious differences in physical and moral aptitudes, political opinions and education.
The price of Italian consolidated 5% (gross, 4% net, allowing for the 20% income tax) stock, which is the security most largely negotiated abroad, and used in settling differences between large financial institutions, has steadily risen during recent years.