Newspaper Page Text
THE DAY BOOK
N. D. COCHRAN
EDITOR AND PUBLISHER.
500 S. PEORIA ST. CHICAGO, H,I
Tplpnhnnoi Editorial, Monroe 353
iviepiwnea circulation. Monroe 3620
SUBSCRIPTION By Carrier in Chi
cago, 30 cents a Month. By Mall.
United States and Canada, J3 00 a
Entered as second-class matter April
21. 1914, at the postofflce at Chicago.
111., under the Act of March 3, 1379
PANNED OUT 500 PER CENT
PROFIT. If somebody walked up to
you and offered to invest for you
$302,000 in a business venture, and
at the end of 21 years guaranteed you
would pull down a total profit
amounting to $1,520,642, or 503 per
cent on your Investment at the rate
of approximately 24 per cent profit
per year for the whole time you
would probably either fall on his neck
in gladness or call a policeman.
And yet this is just what Uncle
Sam's bureau of education has done
for the natives jof Alaska; the Eski
mos, the Aleuts and the Indians, for
whose education it is responsible.
In 189 the bureau imported into
Alaska from Siberia -171 reindeer to
furnish an Industry to supply food
and clothing to the Eskimos and
other natives who were eking out a
precarious existence upon the rapidly
disappearing game animals and fish.
Importations continued until 1902,
when a total of 1,280 deer had been
brought from Siberia. At the same
time natives of Lapland were brought
in to teach the natives Ik. to herd
and care for the reindeer.
There were at the end of 1914, ac
cording to the report of the educa
tion bureau just issued, 57,872 rein
deer in Alaska, distributed in 65
herds. Of these, 37,828 were owned
by natives, and, valued at $25 each,
represent $945,700 worth of wealth.
Missions, Laplanders and the govern
ment owned 20,444 reindeer, valued
at $501,000. The total income of na
tives from reindeer from 1893 to 1914
amounts to $287,410; the total in
come of missions and Laplanders for
the same period was $88,432, making
a total valuation and income from the
herds in the 21 years of $1,822,642.
From this must be subtracted the
total government appropriations for
the reindeer industry from 1893 to
1914 of $302,000. ,
Thus the profit froni the invest
ment for the 21 years is $1,520,642
or just 503 per cent on the invest
ment! ,Seems as If our Uncle Samuel
was a pretty thrifty little investor?
And the profit that can't be count
ed in dollars and Centsjs the fact that
the reindeer industry, in its 21 years
of existence, has turned the natives
of Alaska from, a collection of poverty-stricken
nomadic, punters into
civilized, thrifty menThaving in these
herds assured supportfor themselves
and opportunity to acquire wealth by
Ihe sale, of meat 'and skins to the
white men. in Alaska,4 as1 well as op
portunities to ship' meat and skins
to the states'.
f , w.t..1 1
i -w w. r - w