The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1916-07-12
SWEDEN,

few days ago that his government will
take no action against the recent mill
tary encroachment Of Russia on the
Aland islands, but will await the con-
clusion of peace in Europe for set
Element. The Aland islands, which
are but 80 miles from the Swedish
coast and IS miles from Stockholm.
have been transformed into a Russian
naval base during the last six weeks
and it Is reported the Petrograd gov
eminent is erecting fortresses on the
islands. ''This action is contrary to
the convention drawn up by Russia
with Great Britain and France in 1856
and while there are some. citizens sus-
picious of Russia's action, the govern
ment at least has full confidence that
the matter will be settled amicably
at the conclusion of the war;" said
Minister Ekengren. 1--WE are enjoy.
ing friendlier relations witt, Russia
than we have in a decade. At the
opening of the war both Russia and
Great Britain created hostile feeling
in Sweden by sinking our vessels AM:
Selling our mail boats, but the tw.
governments since have agreed to n:il,
OF our ciatbassa and the ill-feeling prnC.
ttcally has died out. Nevertheless
Sweden has suffered economic losses
as the result of the war on our trade
and business interests have been ham
pered. Because of the Russian fortifi.
cation Of the Aland islands and the
placing of mines throughout the Bal
tic sea, our trade with our large terri.
tory along the gulf Of Botnia Is
practically at standstill and the Inn.
Der and steel industries in the prov.
ince of Norrland are stAgnant. The
allies already have agreed to many
Of our claims for damages and peace
in Europe is expected to see complet,
settlement of the others. While The
Russian Notifications on the Alund
islands are contrary to treaties, tn.
entertainments probably are only TEN.
corc:y and Sweden will take the mat.
ter UP ut the close OF the war;
A consortium of Scandinavian finen-
ciers is planning an Insurance corpora.
ton which will insure against the hor-
rors of peace. The coming Of peace
is dreaded by thousands OF flnanciers,
manufacturers, shippers. railroad
freighters, bear spectators (a!s> some
industries bull spcculators) and 9th
ers. AS the war drags on the interests
Of these classes become more and more
dependent on a long war; and thou
sands have entered upon deals that
involve their ruin if peace comes sud
denly and without warning. Hence
the scheme of insurance against peace
Such scheme implies that many per
sons are making money out of the war.
and that Is fact. The condition of
the United States war stool, is par
Hlleled in neutral Europe. The differ
ellce is that America is making money
mainly out Of munitions and war
stores and neutral Europe is making
owners, food producers. clotllmakers
railroads respectfully in Norway and
Swcden), chemists, medical store pro
ducers, dye manufacturers, paper
makers, allali producers, aluminium
trades and men in 80 other trades are
flourishing. The losses ut first suf-
fered because Of tlislocatfon Of credit
have been made up and the neutral
states are tl0urishing as never bcfor,
in their history. Tie reason is that
III addition to prosperous home co',-
ditions "a few minor trades except.
ed) they are tnking in vast sums OF
money from 5clIigerent countries.
The government white book on
"MeasureS Taken During the War;
reports that the economic diSlucatton
quickly passed, and mentions as m i,r
stance of the war boom that the state
railroad earnings in November, 1915
were three times us great as those in
November, 1911. The cause Of this
is Sweden's position between Russia
and western Europe. During the win.
ter Archangel Is frozen port and dur.
ing the summer the ncrraw- gauge rail.
rood srom Archangel soutl, can carry
only y fraction Of the goods That Ruia
AtA needs %1.e- p. -" 7: =. ~ = =,