the current Makefile.am does:
GUILE = "`...` -l guile -s"
the quoting is no good as this will try to execute a program named "guile -l 
guile -s" which obviously wont work :)

then it fails to run complaining about no file/dir named "guile" ... if i 
change the GUILE var to read '-l guile.scm' instead of '-l guile', it 
works ... maybe this is because i'm using guile-1.6.7 ?
-mike