The events of 1920 in Panicale: Peasant demonstrations culminated on July 15, 1920, when a protest march was violently suppressed by the Carabinieri (Italy’s military police force). 6 protesters were killed and 14 were injured.
The left panel is about this event.
It is possible that the central plaque, which also shows the year 1920, commemorates those who fell in the First World War
It is not known what came to commemorate the right panel (18/9/1919)
The place where the sign is located was photographed on the same day by the same photographer
Click for a larger image Below are the panels enlarged as they were taken that day by the same photographer:
The left panel
Click for a larger image The central panel
Click for a larger image The right panel
Click for a larger image Translation of the text on the sign:
[Left plaque]
15 JULY 1920
BARZI ROBERTO / MARIANI GIUSEPPE
TABARR’NI GIULIA / OLIVI VIRGILIO
PICCIO VIRGILIO / CERBONI LORENZO
TO THE MARTYRS OF PANICALE
MURDERED BY THE REACTION
THE SOCIALIST AND COMMUNIST COMRADES
IN EVERLASTING MEMORY THEY PLACED
[Center plaque]
TO THE HEROES
WHO WITH THE SACRIFICE OF THEIR YOUNG LIVES THE HONOR, THE LUCK, THE GLORY OF ITALY
ENSURED
THE POPULATION OF THE MUNICIPALITY P. ANNO 1920
[names]
[Right plaque]
ETERNAL GLORY TO THE GENEROUS
WHO IMMOLATED THEMSELVES FOR THE FREEDOM OF ITALY
LET THERE BE EVERLASTING GRATITUDE
OF THE NEW GENERATIONS TOWARDS THOSE BRAVE
PERENNIAL FLAME FEEDING
OF CIVIL VIRTUES
SEPTEMBER 18, 1910
Possible Worlds Ltd. 
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