stefansson-wrangel-09-36-004-001

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 state-
ment 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 ac-
counts 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 re-
ceive, 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.