Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1921-04-01
PROSPEROUS DANES

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Like the United States, the World
war has transformed Denmark from
a debtor to q creditor nation, with
heavy ownership of foreign securi-
ties. Her merchant marine, already
with a greater tonnage per capita
than that of any nation save Great
Britain and Norway, is being en-
larged: great improvements are TAX
ing place in the harbor Of Copen-
hagen, and the large free port at
that barber is installing many new
facilities for handling and trans
shipping goods.
Unlike the United States. Denmark
is not rich fin natural resources.
She has no coal, iron, oil no extern
sivo forests and practically no water
power. Her only natural industry
ia agriculture. She hae to import
practically all her raw materials
and many manufactured articles
as well as fertilizers, corn and oil
cake and feedstuffs to keep going
her agriculture. Nevertheless she
has become almost self-contained as
to Manufactured goods, has built
up a considerable export trade in
oleomargarine, rennet, cheese, cheese
coloring, cement, furniture, porcelain
and faience. machine tools, hard
ware and enameled goods, Diesel mo-
tors, mining and agricultural machin-
cry, and electrical articles while she
ia the largest exporter of butter in
the world, and second only to this
country in the value OF exports OF
meat products.
Recently J.. Austin Chamberlain
chancellor OF the exchequer, declaT-
ed to the British parliament that
Denmark was the only country in
Europe other than Great Britain that
paid her way. Her national debt is
about $50 per capita, compared with
$3.50 for this country. Her nation
al wealth is estimated at about $1665
per capita, while that Of this country
la put at something more than $4,000,
The Krone, considerably below the
normal rate Of exchange, has in the
last three months appreciated consid-
erably in American money.
Copenhagen is one OF the three
great ports in northern Europe. Pc
: trograd is now practically dead
city while Hamburg will feel the
} effects of tho war for years to come
, Copenhagen, at the very entrance
to the Baltic, possessing a moderr
} free port and having steamship line!
: to all parts Of the world and cables
to stragetic centers in Europe anC
Asia, has vast trade possibilities fol
the future. Even now more tonnage
enters that harbor than enters an!
in this country save New York.
3 The Danish merchant marine nov
] is fleet of more than 1000, 900 tom
with more ships building. The Unit
ed Steamship company is the larges
shipping concern with more than 10(
3 vessels plying to European ports, ant
{, subsidiary company, the Scandina
: Wan American line, which maintain
r transatlantic routes to this countr
\ and South America. The East, Asia
Q attic company operates large fleet o
q modern motor ships moreover 1t in
4 vests Danish capital in commerce an
: development projects abroad, wit
branches in Siam, China, the Unit
led States, Siberia, Chile and Sout
s Africa. The Great Northern Tele
Q graph company is third link in Der
e marks world commerce chain, wit
8 its cables to Europe and the orier
! and its other lines along the Chin
il coast. These three great companie
and many other lesser ones in th
same line OF operations have been (
a nanced amply by the banks of Copper
Z hagen.
l.