Don't enter emacs/, since emacs may not be available.

--- Makefile.in.orig	Sat Jul  7 12:12:28 2012
+++ Makefile.in	Sat Jul  7 12:12:38 2012
@@ -356,7 +356,7 @@ top_srcdir_absolute = @top_srcdir_absolute@
 # config.rpath is needed
 #
 AUTOMAKE_OPTIONS = 1.10
-SUBDIRS = oop libguile ice-9 guile-config guile-readline emacs \
+SUBDIRS = oop libguile ice-9 guile-config guile-readline \
 	  scripts srfi doc examples test-suite benchmark-suite lang am
 
 bin_SCRIPTS = guile-tools