Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1907-12-14
Recent Occurrences of interest
in Sweden, Norway and
Denmark.
THE MONEY CRISIS IN SWEDEN
Interesting Account of the FURRY Civ
on by Correspondent HUGO
Vallentin.
SWEDEN.
Stockholm.

stockholm gives the following inter-
esting account Of the recent money
crisis in Sweden: LAS foreshadowed
in previous letter, we have the crisis
in Sweden. It was not to be avoided
ia any case because of over-specula
ton and warranted piling up of values,
which has been the order Of the day
here for the last two years. No doubt
Sweden has made great strides for
ward in many directions, and the de-
velopment Of her industries and the in
crease OF her national fortune have
been enormous on account of many
lucky circumstances, but as usual in
times Of upsWing, there are always q
lot of unsound concerns, hangers on,
which, without really contributing to
the wealth Of the nation, suck up lot
of money and swell until they burst.
AS long as money is plentiful and con-
fdence universal, they go on and live,
and sometimes they, in spite Of their
criminal unsoundness and in face OF
| financial justice, live much longer than
they deserve, but generally they burst
as soon as they are picked, after hav
ing fulfilled their purpose Of providing
their founders with motor cars and a
luxurious life generally and ruined Il
lot Of less clever people who wanted
to be rich in a short time. The Amer
lean crisis has had its effects even
here, and several radically unsound
concerns, both here and in the prov
inces have tottered and fallen as soon
as the banks which had supported
! them saw the necessity of withdraw
ing their support. Some time ago a
| certain leading stockbroking firm
failed for large amount, having ex
tended it's dealings inland too far to be
able to extricate itself when the search
ty of money began to be felt. 1t can
not be said so far as l know, that this
firm has done any gambling business,
but without doubt it has gone beyond
the limits Of ordinary caution and has
done business beyond the capital that
its disposal warranted. 1t Is possible
that the difficulties of this firm might
have been tided over under more for
tunate circumstances, but the working
of the money screw beginning in Wall
street was already felt here. It is
possible that the losses in this concern
will not be great, but losses there will
be-"
The beautiful fairy play Lucky
Per-" by the celebrated Swedish au-
thor, August Strindberg, will soon be
brought before the American public,
in English version, judging from re-
cent report from Stockholm. This
charming play has been translated into
English by Mrs. Swanston Howard,
and is to be produced in one Of the big
gest New York theaters In the near fu-
ture Something like $4,000 is to be
spent on the mounting and no trouble
is to be spared to give the play suita-
Strindberg's play is well acted ami
mounted that it will make tremen-
d0us hit in America.
The Swedish Nobel committee has
awarded the Nobel prize for literature
this year to Rudyard Kipling, the Eng
! fish novelist. The award of the Nobel
prize for literature this year gains es
pecial favor from the fact that it lay
between Mark Twain and Rudyard
Kipiing. Naturally enough Americans.
are not a little disappointed, for they
feel that their own Mark should have
had it. and one American editorial
writer goes so far as to say '"There
xr;H n Eff1n no a pl
on the ground that Kipling under all
circumstances has not deserved it."
The Swedish Liberal Federation held
it's meeting in Stockholm recently.
About 300 delegates were present,
among them several ex-ministers and
other prominent men of the party.
After rather heated debate in trying
to establish platform it was decided
to bow to the inevitable and accept
the so-calleG proportional system, but
to try to secure woman suffrage az
well. The elections will take place in
1908 and the federationists then expect
to make marked gains
The Swedish minister in Christiania,
E. A. Gunther, has requested leave Of
absence for few weeks. 1t is ex-
planned that the cause of his recent ap-
pearance in Stockholm is that the Nor
wegian foreign department refused to
inform him of the signing of the neu-
trality treaty; he heard nothing about
it except through the papers Hell
maintains that the Norwegian foreign
department should have officially noti |
fed him about what took place.
In order to qualify as a member of
the Swedish Sportsmen's society, |
Prince Gustaf Adolf ran a distance Of |
ten kilometers week ago last |
Wednesday. The time limit set was
City minutes. The prince ran the dis
lance in As minutes and seconds. 1t !
is reported that the prince will be one |
Of Sweden's representative at the
Olympian games in London next wear