Three lucky as well as able Kings are the monarchs of Scandinavia. Their realms, among the world's most advanced democracies, loomed last week as leaders in the march out of Depression.

Norway's morose Haakon VII could thank his stars that in 1934 his Kingdom enjoyed the largest export business since the War, nearly double the volume for 1933. Down in Copenhagen hard-jawed Christian X felt safer because Danish workmen, mostly ardent Socialists, are now only 18% enrolled upon the dole, a magnificent drop from the 43% of 1932.

In Stockholm fastidious King Gustaf V, who hates and fears the Bolsheviks across...

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