Show SWEDES SIDES OP CHALLENGE Unable to Raise Eaise Money Honey Enough nough to Build Boat to Race Bce for Americas Cup Stockholm Dec 7 After four hours discussion today the Royal Swedish Yacht club decided to let the challenge for the Americas cup drop William and G a N who had offered to subscribe rob scribe a large amount of money for the purpose of ot building a challenger presented at the beginning of the meeting a written statement that they were unable to raise the money at present owing to the financial stringency strIngency gency goncy which had been severely felt In Sweden The discussion which followed indi indicated indicated that the club would reconsider the matter of a challenge as soon as the money became available Mr later made the statement that he had h d not abandoned the th enter enterprise enterprise prise and that as the New York Ya Th ht club had not n t declined the th challenge for footers Sweden certainly cert would challenge notwithstanding the crisis |