If the new company “acquired” the Arctic regions, these regions would, owing to the company’s nationality, become for all practical purposes a part of the United States. What would the first inhabitant say? Would the other Powers permit it?  
The Swedes and Norwegians were the owners of the North Cape¹, situated² within the seventieth parallel, and made no secret that they considered they had rights extending beyond Spitzbergen up to the Pole itself. Had not Kheilhau, the Norwegian, and Nordenskiold, the celebrated³ Swede, contributed much to geographical⁴ progress in those regions? Undoubtedly⁵.
 
Denmark was already master of Iceland and the Faroe Isles⁶, besides the colonies in the Arctic regions at Disco, in Davis’s Straits; at Holsteinborg, Proven, Godhavn, and Upernavik, in Baffin Sea; and on the western coast of Greenland. Besides, had not Behring, a Dane in the Russian service, passed through in 1728 the straits now bearing his name? And had he not thirteen years afterwards, died on the island also named after him? And before him, in 1619, had not Jon Munk explored the eastern coast of Greenland, and discovered many points up to then totally unknown? Was not Denmark to have a voice in the matter?
 
There was Holland, too. Had not Barents and Heemskerk visited Spitzbergen and Nova Zembla at the close of the sixteenth century? Was it not one of her children, Jan Mayen, whose audacious voyage in 1611 gave her 20possession of the island named after him situated within the seventy-first parallel?
 
And how about Russia? Had not Behring been under the orders of Alexis Tschirikof? Had not Paulutski, in 1751, sailed into the Arctic seas? Had not Martin Spanberg and William Walton adventured in these unknown regions in 1739, and done notable exploring work in the straits between Asia and America? Had not Russia her Siberian territories, extending over a hundred and twenty degrees to the limits of Kamtschatka along the Asiatic littoral⁷, peopled by Samoyeds, Yakuts, Tchouktchis, and others, and bordering nearly half of the Arctic Ocean? Was there not on the seventy-fifth parallel, at less than nine hundred miles from the Pole, the Liakhov Archipelago, discovered at the beginning of the eighteenth century?
 
And how about the United Kingdom, which possessed⁸ in Canada a territory larger than the whole of the United States, and whose navigators held the first place in the history of the frozen north? Had not the British a right to be heard in the matter?
 
But, not unnaturally⁹, the British Government considered that they had quite enough to do without troubling themselves about an advertisement in the New York Herald¹⁰. The Foreign Office did not consider the consignee¹¹ of codfish even worthy¹³ of a pigeon-hole; and the Colonial Office seemed quite ignorant of his existence until the Secretary’s attention was called to the subject, when the official reply was given that the matter was one of purely¹⁴ local interest, in which her Majesty’s Government had no intention of concerning themselves.
 
In Canada, however, some stir was made, particularly among the French; and at Quebec a syndicate was formed for the purpose of competing with the company at Baltimore. The other countries interested followed the Canadian lead. Although the Governments haughtily¹⁵ ignored the audacious proposition, speculative¹⁶ individuals were found in Holland, Scandinavia, Denmark, and Russia to venture sufficient funds for preliminary expenses with a view to acquire imaginary rights that might prove profitably transferable.
 
Three weeks before the date fixed¹⁷ for the sale the representatives of these various syndicates arrived in the United States.
 
The only representative of the American company was the William S. Forster whose name figured in the advertisement of the 7th of November.
 
Holland sent Jacques Jansen, a councillor of the Dutch East Indies, fifty-three years of age, squat¹⁸, broad, and protuberant¹⁹, with short arms and little bow legs, aluminium²⁰ spectacles, face round and red, hair in a mop, and grizzly²¹ whiskers—a solid man, not a little incredulous on the subject of an enterprise whose practical consequences he did not quite see.
 
The Danish syndicate sent Erik Baldenak, an ex-subgovernor of the Greenland colonies, a man of middle height, somewhat unequal about the shoulders, with a perceptible corporation, a large head, and eyes so short-sighted that everything he read he almost touched with his nose. His instructions were to treat as beyond argument the rights of his country, which was the legitimate²² proprietor²³ of the Polar regions.
 
The Swedes and Norwegians sent Jan Harald, professor of cosmography at Christiania, who had been one of the warmest partisans²⁴ of the Nordenskiold expedition, a true type of the Norseman, with clear, fresh face, and beard and hair of the colour of the over-ripe corn. Harald’s private opinion was that the Polar cap was covered with the Palæocrystic Sea, and therefore valueless. But none the less, he intended to do the best he could for those who employed him.
 
The representative of the Russian financiers was Colonel Boris Karkof, half soldier, half diplomatist; tall, stiff, hairy, bearded, moustached; very uncomfortable in his civilian²⁵ clothes, and unconsciously seeking for the handle of the sword he used to wear. The colonel was very anxious to know what was concealed²⁶ in the proposition of the North Polar Practical Association, with a view to ascertaining²⁷ if it would not give rise to international difficulties.
 
England having declined all participation²⁹ in the matter, the only representatives of the British Empire were those from the Quebec Company. These were Major Donellan, a French-Canadian, whose ancestry³⁰ is sufficiently³¹ apparent from his name, and a compatriot of his named Todrin. Donellan was tall, thin, bony, nervous, and angular, and of just such a figure as the Parisian comic journals caricature as that of an Englishman. Todrin was the very opposite of the Major, being short and thick-set, and talkative and amusing. He was said to be of Scotch³² descent, but no trace of it was observable in his name, his character, or his appearance.
 
The representatives arrived at Baltimore by different steamers. They were each furnished with the needful credit to outbid their rivals up to a certain point; but the limit differed in each case. The Canadian representatives had command of much the most liberal supplies, and it 23seemed as though the struggle would resolve itself into a dollar duel³³ between the two American companies.
 
As soon as the delegates arrived they each tried to put themselves in communication with the North Polar Practical Association unknown to the others. Their object was to discover the motives³⁴ of the enterprise, and the profit the Association expected to make out of it. But there was no trace of an office at Baltimore. The only address was that of William S. Forster, High Street, and the worthy codfish agent pretended that he knew nothing about it. The secret of the Association was impenetrable.
 
The consequence was that the delegates met, visited each other, cross-examined each other, and finally entered into communication with a view of taking united action against the Baltimore company. And one day, on the nd November, they found themselves in conference at the Wolseley Hotel, in the rooms of Major Donellan and Todrin, the meeting being due to the diplomatic efforts of Colonel Boris Karkof.
 
To begin with, the conversation occupied itself with the advantages, commercial or industrial, which the Association expected to obtain from its Arctic domain³⁵. Professor Harald inquired if any of his colleagues had been able to ascertain²⁸ anything with regard to this point; and all of them confessed that they had endeavoured to pump William S. Forster without success.
 
“I failed,” said Baldenak.
 
“I did not succeed,” said Jansen.
 
“When I went,” said Todrin, “I found a fat man in a black coat and wearing a stove-pipe hat. He had on a white apron³⁶, and when I asked him about this affair, he told me that the South Star had just arrived from Newfoundland with a full cargo³⁷ of fine cod¹², which he was prepared to sell me on advantageous³⁸ terms on behalf of Messrs. Ardrinell and Co.”
 
“Eh! eh!” said the Councillor of the Dutch East Indies. “You had much better buy a full cargo of fine cod than throw your money into the Arctic Sea.”
 
“That’s not the question,” said the Major. “We are not talking of codfish, but of the Polar ice-cap—”
 
“Which,” said Todrin, “the codfish-man wants to wear.”
 
“It will give him influenza,” said the Russian.
 
“That is not the question,” said the Major. “For some reason or other, this North Polar Practical Association—mark the word ‘Practical,’ gentlemen—wishes to buy four hundred and seven thousand square miles round the North Pole, from the eighty-fourth—”
 
“We know all that,” said Professor Harald. “But what we want to know is, what do these people want to do with these territories, if they are territories, or these seas, if they are seas—”
 
“That is not the question,” said Donellan. “Here is a company proposing to purchase a portion of the globe which, by its geographical position, seems to belong to Canada.”
 
“To Russia,” said Karkof.
 
“To Holland,” said Jansen.
 
“To Scandinavia,” said Harald.
 
“To Denmark,” said Baldenak.
 
“Gentlemen!” said Todrin, “excuse me, but that is not the question. By our presence here we have admitted the principle that the circumpolar territories can be put up to auction³⁹, and become the property of the highest bidder⁴⁰. Now, as you have powers to draw to a certain amount, why should you not join forces and control such a sum as the Baltimore company will find it impossible to beat?”
 
The delegates looked at one another. A syndicate of syndicates! In these days we syndicate as unconcernedly as we breathe, as we drink, as we eat, as we sleep. Why not syndicate still further?
 
But there was an objection, or rather an explanation was necessary, and Jansen interpreted the feeling of the meeting when he asked,—
 
“And after?”
 
Yes! After?
 
“But it seems to me that Canada—” said Donellan.
 
“And Russia—” said Karkof.
 
“And Holland—” said Jansen.
 
“And Denmark—” said Baldenak.
 
“Don’t quarrel, gentlemen,” said Todrin. “What is the good? Let us form our syndicate.”
 
“And after?” said Harald.
 
“After?” said Todrin. “Nothing can be simpler, gentlemen. When you have bought the property it will remain indivisible among you, and then for adequate compensation you can transfer it to one of the syndicates we represent; but the Baltimore company will be out of it.”
 
It was a good proposal, at least for the moment, for in the future the delegates could quarrel among themselves for the final settlement. Anyway, as Todrin had justly remarked, the Baltimore company would be out of it.
 
“That seems sensible,” said Baldenak.
 
“Clever,” said Karkof.
 
“Artful,” said Harald.
 
“Sly,” said Jansen.
 
“Quite Canadian,” said Donellan.
 
26“And so, gentlemen,” said Karkof, “it is perfectly⁴¹ understood that if we form a syndicate the rights of each will be entirely⁴² reserved.”
 
“Agreed.”
 
It only remained to discover what sums had been placed to the credit of the delegates by the several associations which amounts when totalled would probably exceed anything at the disposal of the North Polar Practical people.
 
The question was asked by Todrin.
 
But then came a change over the scene. There was complete silence. No one would reply. Open his purse, empty his pocket into the common cash-box, tell in advance how much he had to bid with—there was no hurry to do that! And if disagreement arose later on, if circumstances obliged the delegates to look after themselves, if the diplomatic Karkof were to feel hurt at the little wiles⁴³ of Jansen, who might take offence at the clumsy artifices⁴⁴ of Baldenak, who, in turn, became irritated at the ingenuities⁴⁵ of Harald, who might decline to support the pretentious⁴⁶ claims of Donellan, who would find himself compelled to intrigue⁴⁷ against all his colleagues individually and collectively—to proclaim the length of their purses was to reveal their game, which above all things they desired to keep dark.
 
Obviously there were only two ways of answering Todrin’s indiscreet demand. They might exaggerate their resources, which would be embarrassing when they had to put the money down; or they might minimize them in such a way as to turn the proposition into a joke.
 
This idea occurred to the Dutchman.
 
“Gentlemen,” said he, “I regret that for the acquisition 27of the Arctic regions I am unable to dispose of more than fifty gulden.”
 
“And,” said the Russian, “all I have to venture is thirty-five roubles.”
 
“I have twenty kroner,” said Harald.
 
“I have only fifteen,” said Baldenak.
 
“Well,” said the Major, “it is evident that the profit in this matter will be yours, for all I have at my disposal is the miserable⁴⁸ sum of thirty cents.”