Morris tribune., 1912-10-04
So I.. y + j. i. + i. Il + 4.
- DENMARK. !.

iSh credit societies is attracting wide
spread interest and the latest seeker
after information concerning these
organizations is President Taft. Pres
hent Blem, head of the largest soci-
ETY. and expert on their organization,
is preparing report for the chief
executive of the United States. At
the same time other Americans are
interesting themselves in the soci-
cites. DR.. Pearsons of Ohio university
and formerly commissioner of agri-
culture Of New York state has been
in Copenhagen for some time study
Ing their methods. The fundamental
law for societies was passed in 1849,
shortly after the adoption of the Dan
tsh constitution. The system is
worked on the cooperative principle.
with the object of borrowing money
according to daily requirements, in
the form of cash bonds on which in
terest and installments are to be
paid with a reserve fund as an aux
Hilary support. During recent years
the societies have even arranged to
give loans which are exempt from i'm
stallment payments. The bonds are
put on the market in the usual way
and are subject to the ordinary fiuctu-
ations Of the stock exchange. Until
the organization Of the societies it
i'm nnccih1n IN in
Denmark, no matter what security
was given, for there was scarcely any.
gold and silver in the country and
most of the trading was done in
actual commodities. The credit soci-
cites remedied this condition and the
people who had money to lend were
no longer afraid to part with it. E5
=. l. =. q.
If Christian x. should lose his
crown as king of Denmark he could
make a good living with a bicycle re-
pair shop and he has the promise of
at least one customer. While driving
with his sons recently the king ran
down cyclist with his carriage. AL
though the accident was due entirely
to the carelessness of the bicycle
rider the king stopped the carriage
and went to the assistance of the
young man, whose machine was
smashed. His majesty, who is fond
of cycling and who repairs his own
machine, saw that he could put the
broken bicycle in running order again.
The young man seemed helpless and
stood looking on, with his hands in
his pockets while the king worked for
ten minutes repairing the damaged
machine. When the king had finished
the work the rider asked him for his
card, promising to patronize him
whenever his machine needed repairs
AS the young man stood with wide
open mouth looking at the kings
name engraved on the card the royal
| party drove away.
!. !. !.
The long expected struggle for the
possession of Spitzbergen is likely to
begin soon. Heretofore no country
officially has occupied any part of the
archipelago. Different coaling sta
tons and companies have simply
started work wherever it best suited
them. Now however, a, Russian off.
cial expedition has planted the Gears
flag In the Bell sound >territory and
has Iahls1ed this most valuable part
OF the islands In the nameyof the Rus.
sian sOYernnenbS The Rnglish, Swed
ishf and American coat accompanies scon.
siderltthfaAas violation SoE theirs old
,rlsAtb sbd6 asaFge theSuecessftyaof a
4dealfss n tefna rational psttiementoE the
kheleg SDGt7bsEke1I dusation.a4 Ben
Mould SSis 4 IN southeastern group,
sellsdSvVsstF SD ftaAesk &C Sbassgood
hafBSr 81 Abilities isIf tltB' Russia Acclaim
issaIlowed 1t wifi virtually mean the
e1eFdsien OF other countries from the
1 archipelago. E., -. is'
Ne -Ss ~. III .s.kat,Ss N ;ssi 51-stss
ssThef American Tag which sWsas used
durfhgsthe TAnoAiessof= the opening
of the NEUTRALITY-SUSPICIOUS. park
at ,Rebfld FItlIssis flying from the royal
castle at Marselisborg. N,
r ID + = ~ 4. i. 4. + /. 1. !. 1. Z
+ s3 ". *, y..Ss! SWEDEN. .xs gs3 I +