stefansson-wrangel-09-06-123-003

4

On very careful consideration I have done something which
may seem unwise to you but as I am situated it seems like a very fine
thing. I am taking five shares of stock in this company. The pay-
ment is $50 a month for ten months. This I did without any suggestion
on the part of Stefansson (he is the company) or anyone else. The
reasons are twofold.(1) I am convinced that Stefansson now and for
some time to come is the big man of the north; this identified me with
his interests. (2) If we procure a lease of this place from England
the possibilities are tremendous. It would take too long to explain
them. Reindeer, furs and minerals. Last night I was honoured with a
two hour private talk with Judge G. Lomen of Nome, Alaska who holds
the biggest judicial position in that country and is known to every
Alaskan. He is Lindeberg's (one of the big financiers of that country)
attorney and sees a wonderful future in the reindeer industry. I feel
quite confident in saying that as formerly great fortunes were made
from minerals, railways and the exploitation of wheat land, so in the
future the reindeer meat industry is the big thing. Cattle ranching
is rapidly becoming unprofitable in the states and provinces that were
meant for wheat. The reindeer stays out winter and summer without
shed or shelter, procures its own food. Two herders can handle herd
of 10,000. Stefansson has lease of Baffin's Sand for 50 years. He
himself is primarily an explorer and is not out for moeny but there is
lots there.

Expect to hear from me end of September. Will send two
similar letters, one father, one you, in case one is lost.

Love to all
Allan.

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