Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1912-10-10
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4 DENMARK. =
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+ DENMARK. =
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An Associated Press dispatch says:
The successful operation of the DAN
lsh 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 soct-
ETY. and expert on their organization,
Is preparing a 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 fun %>~iental
law for societies was passed IA 1S49,
shortly after the adoption of the DAN
ish constitution. The system In
worked on the cooperative principle
A society of land owners is organized
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 recon years
the societies have even arranged to
give loans which are exempt from In
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 10
was impossible to borrow money 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 socf-
cites remedied this condition and the
people who had money to lend were
no longer afraid to part with II.
= 4. Il
II 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 or
at least one customer. While driving
with his sons recently the king raj
down a 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 vas
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.
= i. =
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
lions and companies have simply
started work wherever II best suited
them. Now, however, a Russian off,
cial expedition has planted the cars
flag in the Bell sound territory and
has annexed this most valuable part
of the islands in the name of the Rus
sian government. The English, Swed-
ish and American coal companies con-
slider this a violation of their old
rights and urge the necessity of a
definite international settlement of the
whole Spitzbergen question. Bell
sound is in the southeastern group.
called West Spitzbergen. 1t has good
harbor facilities. If the Russian claim
is allowed it will virtually mean tho
exclusion of other countries from the
archipelago.
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The American flag which was used
OF the Danish-American national park
at Rebild Hills is flying from the royal
castle at Marselisborg.
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+ SWEDEN. =
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Sweden will participate in the great
Panama exposition. which will be held
in San Francisco in 1915. It is feared
that owing to the high freight rates In
the United States 1t will be a very
expensive proposition for foreign
countries to participate In this expo
sition and 1t is believed that it will