The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1908-04-09
Recent Occurrences Of Interest
in Sweden, Norway and
Denmark.
SWEDEN SEEKS A FOREIGN LOAN
Wants TO Borrow One Hundred and
Fifty Million Crowns to Relieve
the Money Strinxency.
SWEDEN.
Stockholm.


Says the Vart Land (Stockholm) {:
"Sweden is at present preparing ne
gotations for a foreign loan of $780,
OOO,O 900 crowns to relieve the stringent
cy of the money market. We hope
that these negotiations will be success
fully closed with all possible dispatch.
Every day that passes by under the
present eXhorbitant rents makes it more
difficult to secure money and brings
injury and loss to the country. But
when we shall again have arrived at
normal conditions let us then hope that
the money market can be so regulated
that we may not again suffer from the
same dastardly jobberies and frenzied
speculation, which has characterized
the last few years and which last fall
brought to the public eye a picture Of
such Il frightful lot of economic and
moral rottenness. There must un-
questionably be some way to provide
the country enough money to supply
the righteous demand for it and BAN
ish jobbery and gambling. The Riks
bank finally did take steps to relieve
the situation and it had it's apprecia-
BILE effect. too, but it came too late to
prevent the disgraceful episodes Of
1907. 1t is secretly hoped that the
country has been taught hard lesson
this time and that such a lesson may
further teach us to prevent a repeti-
ton of the wild and sensational gam
bling scenes, which threatened to
place the country in ignominious bank
rupcy. Indeed the whole world seems
to have been affected more or less, but
there was no occasion for it in a coun-
try like Sweden, which has so many
bitter experiences behind her.
The kings right to create nobility is
recognized by the first chamber of the
Swedish riksdag. On the other hand
the second chamber has almost unani-
mously-there being only one vote
against the proposed change in the
laW-voted against this antiquated
vision Of this law will be turned down
during the present session Of the riks-
dag. but it will undoubtedly be taken
up again next year. Sweden's nobili-
ty is decreasing in numbers every year
and with so democratic king as Gus
taf is, it is not going to receive any
great impetus during his reign. That
much is certain.
P. NJ. Wikstrom, who celebrated
his sixtieth birthday the other day,
donated 100000 crowns to Vesterbot-
ten county. naming his gift the "P NJ
Wikstrom Charity Fund.-" Only per-
sons. however, who live in Vesterbot-
ten will receive aid through this fund
The purport is that farmers may bor-
row a certain amount without paying
interest during years when there is Il
crop failure.
Dowager Empress Sofia has sub
scribed 1000 crowns to the Deaconess
institute at Skondahl. The good old
queen continues her charity work and
indeed it seems that her whole life is
now wrapped up in charity doing.
Now that her health has been some
what improved, the aged queen is
spending most of her time visiting the
poor and institutions of charity.
r. Johansson Tonkoping has pre-
sented 4 resolution in the second
chamber Of the riksdag demanding
that all gambling by Swedish citizens
in foreign lotteries be forbidden. The
resolution was favorably received, but
may not be considered in the first
chamber, where a number of import
ant measures have been squelched
during the past winter.
A dealer in postage stamps has Of
fered the Swedish postoffice depart
ment $500 crowns for 100 sacks Of
stamps. The postoffice department has
several million stamps, including
specimens from all parts of the world
1t is likely the department will ac-
cept the offer and distribute the money
among the postofhce employees.
During the year Of 1907 there were
al, $4,000 crowns deposited in the ma
TONS savings banks and 4.95S.OCO
crowns were drawn out. Thus at the
end of the year. the net savings de-
posits were G622.OOO crowns, which is
considered splendid showing es-
pecially in view of last years wal
scares.
Last year 21,5S4 persons emigrated
from Sweden. OF these 12,3O7 were
men and 3.277 women. Among this
number 7.1O2 were foreigners In this
number is also included Swedish
American who came back to settle in
the homeland, but who prefer to live
In America.
Count Karl Laurilz Lewenhaupt
died at his home in Stockholm about
two weeks ago. He was direct
descendant Of General Lewenhaupt.
and the family to which he belonged
has been prominent in public affairs
Of Sweden for century or more.
Messrs. A. Norling and Ejnar OLSON.
both members of the Djurgarden Ath-
letic club. represented Sweden at
the International foot raoae IN uo1.;pr