[Illustration: _The Beaver_
_A Journal of Progress_]
[Illustration: CAMPING OUT AT 40° BELOW
_A Hudson's Bay Company's Post Inspector camping for the night near
Great Slave Lake. Defying the snows, these hardy men "mush" with dog
teams from Fort to Fort across the vast silent spaces of the great
North, keeping H.B.C. communications open and taking account of furs
traded at each post of the district._]
[Illustration: _Devoted to The Interests of Those Who Serve The Hudson's
Bay Company_]