Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1908-04-15
SWEDEN

sweden imports chemicals for at
least 100000 a year.
Thousands of men have been out
of work in Stockholm this spring.
The Swedish congregation in Ber-
lin has commenced to raise money for
the building of a church and assem-
bly, hall combined.
1t is several weeks since the van.
guard of the foreign field laborers
arrived in southern Sweden. Most of
them are poles from Galicia, Aus
tria, and they stay in Sweden only
during the summer season. BY this
time there are several hundred labor
ers of this class on the farms of
southern Sweden.
Stockholm has just experienced a
financial trouble of a new kind. The
building contractors have been in the
habit of borrowing money from the
banks in order to be able to finish
the new buildings. About three
weeks ago the bankers suddenly re-
fused to loan money on new build
ings, and in the course of a short
time all work had to be stopped on
about forty buildings which were in
process of construction. About twen-
ty-five building contractors were in
vo1ved, and many of them had to
turn their business into the hands of
receivers. 1t would have taken
about 100000 to avoid the crash.
A number of dealers in building ma
terials and sixteen bankers made a
combine to limit the scope of the
disturbance, and a committee repre-
senting this combine appealed to the
government for aid. Baron Langen-
skiold, president of the government
bank, upon being appointed, threw
some light on the situation. Sever
al bankers" he said, 'have been
here to explain, but some of them
seem to have confidence in the bust
ness into which they have jumped.
l told them that the government bank
would aid them if they would assume
the risk. The answer along the
whole line was, that they would not
stand the risk, which plainly shows
that the credit is shaken. The val
ues have been booked up to high and
sound conditions will not return un-
til the values have been cut down
to normal basis" The committee
is of the opinion that reduction of
the real estate values would cause
general misery. The minister of f.
nance, explained that if the state
stepped in to protect private interests
it would have to use foreign CAPT.
tai, which would hurt the national
credit, and this, he said, would be a
still greater calamity. 1t may be
said, however, that the government is
anxious to do something to reduce
the evil effects of the crash.
The snow was so deep in the forests
Of northwestern Sweden, that work
had to be stopped in the logging
camps about the middle of March.
An English syndicate has bought
several pulp and other factories in
southwestern Sweden, the deal in
volving $1,3So,ooo.
The cabinet has proposed that the
number of associate justices of the
supreme court be increased from 18
to 21.
A lockout at the Orebro shoe fac
tories threw 1000 persons out of
work.
Prof. Wicksell Of the university of
Lund, petitioned the national govern.
men to excuse his son from passing
high school examinations in religion,
but his petition was not granted.
The export of fresh behring's from
Gothenburg, was twice as large in
1907 as in 1906, the amount for the
two years being 100000 and
2o,225,0 900 pounds, respectively.
The Bergslag railway il going to
make some experiments in running a
dynamo for lighting its cars by tax.
ing motive rower from the wheels of
the cars