stefansson-wrangel-09-36-006

The Stefansson Arctic Exploration + Devel. Co.

NoAns

May 25th, 1922

V. Stefansson, Esq., c/o Amer. Geographical Society, Broadway at 156th Street, New York, U.S.A.

Dear Mr. Stefansson,

I enclose statements of Trial Balance, Operations and Statement of Liabilities of the Company, also a statement of the capital of the company and how it is made up, which may be of help to you in your present negotiations.

You will notice in the Trial Balance there is a small balance in the Bank of $23.48, and the statement of Liabilities shows wages owing amounting to $510.00, made up as follows:-

A. R. Crawford	$ 100.00
F. W. Maurer	50.00
E. Lorne Knight	10.00
Ada Blackjack	350.00
	$510.00

This represents May wages with the exception of Ada Blackjack, whom I have not paid for seven months. There was no necessity to wire this money to Nome, as the expense of doing this would be considerable. Since the boats, however, will now be running between Seattle and Nome, I would like to be able to send a draft by mail for deposit to her account in Nome.

With regard to the $1500.00 which you sent to pay off my loan and the deposit of $500.00, I have issued fifteen more shares, making a total issued to you to date of 97 shares, as you will see from the statement enclosed.

With regard to the mail for the boys, I dispatched about two weeks ago several parcels of letters and papers, which I have been collecting since they left. They are

V. Stefansson, Esq. -2- May 25, 1922.

made up very securely and I addressed them in care of

Commander A. R. Crawford, Stefansson Arctic Exploration & Development Co. Ltd., Wrangle Island, via Seattle, and Nome Alaska,

with a note to please hold at Nome for first boat sailing for Wrangel Island. I sincerely hope they will reach their destination safely and in good time.

I trust the statements enclosed are clear to you and that you will be able to increase the bank balance in the very near future to enable me to pay the salaries.

Yours faithfully, John Anderson Secretary.

JA:W