TO SYNDICATE OR NOT TO SYNDICATE.
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 Cape, situated
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 celebrated Swede,
contributed much to geographical progress in those regions? Undoubtedly.
Denmark was already master of Iceland and the Faroe Isles, 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 possession 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 littoral, 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 possessed 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 unnaturally, the British Government considered that they had
quite enough to do without troubling themselves about an advertisement
in the _New York Herald_. The Foreign Office did not consider the
consignee of codfish even worthy 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 purely 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 haughtily ignored the audacious
proposition, speculative 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 fixed 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, squat, broad, and protuberant, with short arms
and little bow legs, aluminium spectacles, face round and red, hair in a
mop, and grizzly 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 legitimate proprietor of the Polar regions.
The Swedes and Norwegians sent Jan Harald, professor of cosmography at
Christiania, who had been one of the warmest partisans 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 civilian clothes, and unconsciously seeking
for the handle of the sword he used to wear. The colonel was very
anxious to know what was concealed in the proposition of the North Polar
Practical Association, with a view to ascertaining if it would not give
rise to international difficulties.
England having declined all participation in the matter, the only
representatives of the British Empire were those from the Quebec
Company. These were Major Donellan, a French-Canadian, whose ancestry is
sufficiently 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 Scotch
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
seemed as though the struggle would resolve itself into a dollar duel
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 motives 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 22nd 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 domain. Professor Harald inquired if any of his colleagues
had been able to ascertain 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 apron, and when I asked him
about this affair, he told me that the _South Star_ had just arrived
from Newfoundland with a full cargo of fine cod, which he was prepared
to sell me on advantageous 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 auction, and become the property of the
highest bidder. 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.
“And so, gentlemen,” said Karkof, “it is perfectly understood that if we
form a syndicate the rights of each will be entirely 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 wiles of Jansen, who might take offence at the
clumsy artifices of Baldenak, who, in turn, became irritated at the
ingenuities of Harald, who might decline to support the pretentious
claims of Donellan, who would find himself compelled to intrigue 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 of 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 miserable sum of
thirty cents.”