cooledit can't find library

[ktb <xyf@inetnebr.com>]

I just downloaded the binary and installed under /usr/local.  Anyway I
get this error,

/usr/local/cool_e/usr/bin# ./cooledit
./cooledit: can't load library 'libCw.so.1'

The thing of it is, the library came with the program and is in,

/usr/local/cool_e/usr/lib
-rwxr-xr-x   1 root     root          555 Jul 11 07:11 libCw.la*
lrwxrwxrwx   1 root     staff          14 Dec 14 22:20 libCw.so ->
libCw.so.1.0.0*
lrwxrwxrwx   1 root     staff          14 Dec 14 22:20 libCw.so.1 ->
libCw.so.1.0.0*
-rwxr-xr-x   1 root     root       418779 Jul 11 07:11 libCw.so.1.0.0*

I looked through all the docs that came with the program but see no
mention of this problem.  Anyone know how I can solve this?  I'm running
Slink and don't feel like upgrading my system for one package so that's
why I didn't grab the .deb.
Thanks,
kent