1957-08-31 — Page 14

THE CHINA MAIL, SATURDAY, AUGUST 91, 1957.

The thousand million dollar MUSIC FROM THE FIORDS PHILIPS

THE

match trick trick

INCREDIBLE

IVAR

KREUGER, By Allon

Churchill. Weidenfeld and

Nicolson, 21s.

A. J. P. TAYLOR

lyar Kreuger was the hope of the world till he swindled it of £234 million

His end Was fabulous. Luxurious flata in half a dozen capitals. A score of gigantic enterprises at his

HE South Sea Bubble outdid them all, a bubble of disposal, Tone of the few events world size.

one

In history that we all re-

the This member along with

Ivar was Swedish Armada and the battle of Kreuger,

Match Hastings. Since that time King and International there have been plenty of financier. His origins were financial operators who modest. His father was a swindled on a grand scale. factory-manager, and he One blew a bubble that himself started as a clerk.

200

A British Crossword Puzzle

ACROSS

1 Aim high (8).

3

• Thickets for bowlera 151

Smoking jacket? (8)

Low Joint (5)

10 Gaine for a break 14).

12 Pep up. (7)

21

22

124

26

10 What avis may do by the dark 75711

10 Ayo (4)))

17 It may be buttoned for piractive

()

19 Dat: (6).

20 Fall to agree (7).

11 Foul journey? (*).

23 A MI Aparate 15).

24 barely covers butheim (01.

23 Fiat both ways 15).

20 Used in making leather (G)

Run in (B).

DOWN

Farcensts (8).

14

Regrets it sounds like a trick 14). 5 Decorative knick-knnek7 (8).

#Open wide, please (8).

Concerning 15).

Keep Jin-Jul-

12 Monkeying about? (5).

1 Dinellinalion (0.

3 Yeruvian performance? 78).

18 Undesirable spot (6).

Prina donne (4).

FRIDAY'S CROSSWORD.-Across: 3 Cashmere, 9 Petrol, Wool- Back if Hait-head, 12 Beam, 13 Armed, tå Dzed, 19 Agog, 21 Meditate, 24 Compile, 25 Nestle, 2 Tireless, Down: 1 Spare, 2 strip, 3 Cowherd, 4 Alor, & Hold, a Elaled, 7 Eskimo, 18 Oases. 14 Model, 15 Devisen, 10 Mascot, 17 Feriner, 20 Punta, 21 Melee, 22 Mill, 23 Dena.

7

some of them figments of his imagination. And at his death an insol- voney of $234 million. A thousand million dollars had vanished into thin air.

How did he do it? The trick seems simple. Is busts Wha Swedish Match, B perfectly repulable undertaking witch had control of the Swedish match industry. Then he would approach some foreign govern ment and say: "Give me monopoly of matches m yout county, and I will float a loan for you on reasonable terms." This was the nineteen-twenues, a time when

most European governments

THE BOOK PAGE

W

By GERARD BOURKE

OT far from Bergen, on the west coast of Norway, a him to remain more in his own NOT

grotto is cut in the rock face, bearing the name of country. But in 1875 he left to visit the opening Bayreuth Grieg, whose ashes were laid there 50 years ago.

Wagner festival in northern The Chopin of the North,' as he has been called Bavaria, though he always fell be closer to with some justification, painted in music the wild coast his own art to

than French music line of Norway, with its towering flords and ecrie legends Home again, he spent the long German. of trolls and fairies.

Bongs.

Scandinavia

the

to

་

summer days onjoying the wild Norwegian scenery, making ex- Today he is chiefly re- contres in

and peditions to remote parta, He membered by his single Grieg, having falled to obtain a was sometimes accompanied by piano concerto, heroic and borrowed money from his father Grainger, and Frederick Delius

grant from

govemment, bis English friends, Percy brilliant, and a few of his to study there.

whose

father

had Grieg He met Hans Christian Ander- pornunded to let him give up On September 7, his com- sen, and wroto four effectionate fruit-growing for music.

the

of the Heart" patriót,

celebrated "Melodies

"What would you say to a boat singer Kirsten Flagstad, is poems written by the Dono, In-

cluding the popular I Love quiet morning in the coming out of retirement Thee and Two Brown Eyes'. between sicerry and cliff? Tho to sing nine of them at He also mei Denmark's lead- other day I felt so full of long- Promenade concert relayed lng composer, Niels Gode, on ing for it that it grew into a from the Royal Albert Hall whose advice he wrote a formal calm 'Song of gratitude"....", symphony, but later marked it: he wrote about one of the in London, and given in his "Not to be performed." Clearly, popular "Lyric Piece". Always his art was to be that of the he Imbibed the beauties of the honour.

mininturist-part from the con- country; fiddlers playing αυτία, Griug's cousin. Nina special Hardanger Instrument Hagerup, was living in Den- were a perpetual joy to him, and mark at the time and soon be- he noted many of their folk- came not only the leading ex- tunes. "In the morning, when cows were being inked, while the girls sang, he laid his paper on him. Perhaps his old tions. They settled there a ponent of his songs, but also is the enemy, the house or. J. Pcentury before, after leav-

music-paper on the cow's back Now Kreuger could approach Morgan, did not end up with aing Scotland at the time of

and so got his songs 'fresh from the other side-the American

the co

we hear from one ninrket where

money WH crying out to be used. 11 offered a double security: profits rom matches und Interest payments by the foreign

government. No wonder the dollars came rolling out.

П

wanted money badly and could not ihink where to get it.

CHAIN

SYSTEM

IVAR KREUGER **· Secret was to keep moving.

debli bilance.

built

up an

HIGH HOPES

with

Edward Grieg was born In 1848 at Borgen where his ancestora had been British consuls for three genera

wile.

Best Loved

Grieg

more Travelling further,

visited Rome and there met Henrik Ibsen for whose verne

we which

lent collector,

National Pride

0

the

the 1745 rebellion, They

Churchill, author of this glossy, from Greig in the

Why did he do 117 Mr Allen changed their family name

One of the best portraits of fast-moving biography, devotes continental form.-Grieg.

Grieg was left by Tchaikovsky. who he met in 1888; “.......A very 23 good deal of space to

this question,

The boy's parents. were drama, "Peer Gyn!", he lator title, middle-aged man, very complete

and, aceing his composed some of his best loved thin and with shoulders of psychoanalytic terins. Kreuger, musical

dozen pieces of unequal height. His fair hair It seems, was a Narcissus. He musical ability, sent him music-two

now only the few was brushed back high and he Ideal picture of to study at the Leipzig collected in the concert suites, had a thin, almost youthful- himself and then tried to put it Conservatory, founded by Grieg's music did not suit the Koking beard, and side whiskers. into practice. Or you can rank Kreuger wanted to oblige the him along with Napoleon and Mendelssohn, where Sir terse drama well-a modern He had uncommonly attractive American Investors. He wantea Hitler, men who think they are Arthur Sullivan was one of score by Herald Saeverunt in blue eyes of medium size, irre- to make the dollars roll faster. God., At any rate, we can all his boyhood companions, that it had drawn audiences to of an innocent, noble child,"

now used but Ibsen admitted sistibly fascinating, like the gazo So why not make one securly happily agree that he had no While studying there do the work of 10? He would moral sense.

he his play. In Rome, too, he com- create a company in Switzerland

had exciting musical ex- posed the attractive overture "In one day, in Liechtenstein the

periences that included Autumn". next, in Holland the third, ana

hearing Clara Schumann "Here was true clarity and to round the capituls of Europe,

With

complete artistic playing her husband's music force, a full round sum of Norse The principal asset of each It was not ever thus. Jusl

of one's Own company wis a claim on the before Kreuger's fall an English (his piano concerto became melodies and Norse patriotism, understanding

and anecdotage", country comes a keen national company next door. The fina

Grieg a friend about Grieg's pride,

whose academie wrote a book, telling the model for Grieg's) and portraiture

music essel on which all rested coul: young English Socialists that attending some of the carli- music at this time.

Havel, nover be found. Kreuger had Kreuger was

in particular, admired unstintingly, saw his last years spirited it away long ago, if world. It looks silly now, but

the hope of the est performances of Wag-

In 1808, he returned with his maddened by the threat of war indeed it had ever existea..

wife and daughter to Denmark between Norway and Sweden. and wrote the piano concerto. "I have had to give up the con- amid his favourite Danish ceris in Finland to which I was scenes. One of the first to see it invited," he wrote sadly, "since was Franz Liszt, always ready to I cannot travel through Sweden, that On his return to Norway, champion the works of younger It sounds incredible, but chau- Grieg quickly put to use his men, who was then staying in a vinism has gone so far in that Norwegian music which then, at greatest virtuoso pianist of his out Norwegians who have been cendemic training to develop monastery near Rome. Last, the country that they are driving

astounded the the beginning of the European day,

young slaying there." romantle movement, required Norwegian by sight-reading the just much an exponent. Neigh concerto in a masterly manner. bouring Sweden and Denmark Go your way," he advised. "I had already established musical tell you, you have the ability, Instilutions and tradificas, but And don't let anyone frighten he returned to a land owning you." only a vast folk-lore as a basis for its own musical voice.

secret was

aren't we all Kreugerists, even ner's "Tannhauser".

we think the man though criminal?

扫

The

10 keep muving. Create new companies. |Pour in fresh money so that ne

All our Left wing Intellectuals one would have time to go back (myself included) preach end inquire how the snowball the rich countries must raise hat started.

In the end money the standard of life in back Ikh out. He was left with ward countries by productive nothing except £20 million in Investment. That is just what finlian bonds: and these he had Kreuger got the

American himself forged.

Investor to do for Europe, Where did the fortune vanish

And what is inflation but the to? Well, that's simple too. In Kreuger bubble now blown by the boom years Kreurer un.

governments instead of by loaded paper on to a myriad Swedish Match? Let us keep Investors. In the depression our fingers crossed and hope years Kreuger started buying, that this time the bubble does and a myriad investors unloaded not burst,

VIGNETTES OF LIFE

"ORDER THE TURKEY THIS IS WHERE

A WOMAN. FOUND A

PEARL NECKLACE

IN THE

OYSTER STUFFING!

Romantic

Wrote

Grieg

Shortly afterwards, Copenhagen was already one received an annual grant from of the most important artistic the government that allowed

Historic Spots Revisited

"YER, THIS IS THE PLACE WHERE I ONCE WON

A CHARLESTON

CONTEST!"

H

Although Grieg's output wHE small, it included about 140 songs, many of which deserve attention today, especially K the singer ไป prepared to render them in their original language, He carved for himself the proud position of his coun- try'a musical poet.

By Harry Weinert

"IT WAS ON THIS VERY ROCK, TWO YEARS AGO, THAT A STRANGE MAN

ASKED ME FOR MY AUTOGRAPH —

HE THOUGHT I

WAS A MOVIE STAR !”

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