stefansson-wrangel-09-36-004

THE STEFANSSON ARCTIC EXPLORATION AND DEVELOPMENT COMPANY LIMITED

VILHJAMUR STEFANSSON PRESIDENT

HEAD OFFICE CREDIT FONCIER BUILDING VANCOUVER, B.C.

A. J. T. TAYLOR VICE PRESIDENT

Nov. 12th, 1921.

V. Stefansson, Esq.,

c/o American Geographical Society, Broadway, at 156th Street, New York. U.8.A.

Dear Mr. Stefansson,

I attach Trial Balance for October, also statement of the operating expenses to 30th September as per last Trial Balance, October expenses and the total to 31st October, which agrees with the Trial Balance. The accounts in the Trial Balance as appearing in the Operating Statement are either assets or liabilities.

The expenditures for October appear very large. This is due to the disbursements made at Nome, statement of which I received from Crawford only recently. It is not the kind of statement of disbursements I like to receive, as he has not attached supporting vouchers, invoices or receipts covering any of his expenditures, except the $600. paid on account of the charter of the "Silver Wave". We will have to make allowances, however, for the conditions in the northern Country, as no doubt his poor method of keeping me advised of his expenses is largely due to this cause. I enclose copy of Crawford's statement.

The reason for the large increase in the salary account between September and October is that I have given credit and paid, where necessary, to the various members of the expedition their salaries from the beginning of August to the end of October, which brings this account up to date.

The charges against Knight and Galle in the Trial Balance are for money advanced by Crawford in excess of the wages due them to the end of October. This will be worked off, however, in the case of Knight in due course by applying his. salary to it. In the case of Galle, this will be settled when returns are made on the fur, as he is not in receipt of any salary.