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put gold, silver, and banknotes into their pockets and keep them for their own benefit. No, they only asked permission to pay for the land with their own money.

Some people who claimed to know said that the Company could have gone to work and taken possession of the country without any further ceremony, as it was their right as first occupants. But that is just where the difficulty came in, because until this time the Pole seemed to be forbidden ground to anyone. Therefore, in case the United States should give possession of the country, the Company wanted a regular title to it without trouble about the matter in the future. It was unjust to blame them in any way, as in such an affair too many precautions cannot be taken. Besides, the circular had a paragraph which provided for all future chances. This paragraph was capable of so many interpretations that the exact meaning of it could not be rendered even by those who studied it closely. It was stipulated that the right of proprietorship should not depend upon any chances or changes in the country, no matter whether these changes were in the position or climate of the country.

What did this phrase mean? How could there ever be any changes in the geography or meteorology of a country like this one to be sold at auction? “Evidently,” said some shrewd ones, “there must be something behind it.”

The commentators had free swing and exercised it with a will. One paper in Philadelphia published the following pleasant notice:

“Undoubtedly the future purchasers of the Arctic region have information that a hard stone comet will strike this world under such conditions that its blow will produce geographic and meteorologic changes such as the purchasers of the Arctic region will profit by.”

The idea of a blow with a hard stone planet was not accepted by serious people. In any case it was not likely that the would-be purchasers would have been informed of such a coming event.

“Perhaps,” said a New Orleans newspaper, “the new Company thinks the precession of the equinox will in time favor the conditions likely to lead to the utilization of this domain.”

“And why not? Because this movement modifies the direction of the axis of our spheroid,” observed another correspondent.

“Really,” answered the Scientific Review, of Paris. “As Adhemar has predicted in his book on the ocean currents, the precession of the equinox, combined with the movement of the earth’s axis, will be such as to modify in a long period the average temperature of the different parts of the earth and in the quantities of ice accumulated around the two poles.”

“This is not certain,” replied the Edinburgh Review, “and, besides, supposing that this would be the case, is not a lapse of 12,000 years necessary before Vega becomes our polar star in consequence of this movement and the situation of the Arctic territory consequently changed in regard to its climate?”

“Well,” said the Copenhagen Dagblad, “in 12,000 years it will be time to make preparations, and before that time risk nothing⁠—not even a cent.”

It was possible that the Scientific Review was right with Adhemar. It was also very probable that the North Polar Practical Association had never counted on this modification of climate due to the precession of the equinox. In fact, nobody had clearly discovered what this last paragraph in the circular meant nor what kind of change it had in view.

Perhaps to know it, it would suffice to write to the Secretary of the new Society, or particularly its President. But the President was unknown. Unknown as much as the Secretary and all other members of the Council. It was not even known where the document came from. It was brought to the offices of the New York newspapers by a certain William S. Forster, a codfish dealer of Baltimore, a member of the house of Ardrinell & Co. Everything was so quiet and mysterious in the matter that the best reporters could not make out what it was all about. This North Polar Association had been so anonymous that it was impossible even to give it a definite name.

If, however, the promoters of this speculation persisted in making their personnel an absolute mystery, their intention was clearly indicated by the document spread before the public of two worlds.

Really, after all, the question was the purchase of that part of the arctic regions bounded by the 84th degree, and of which the North Pole was the central point. Nothing very exact concerning this region was known. The modern discoverers who had been nearest to this parallel were Parry, Markham, Lockwood and Brainard. In regard to the other navigators of the northern seas they stopped far short of the above-mentioned point⁠—such as Payez, in 1874, to 82° 5′ north of the land of Francis Joseph, of New Zemble; Leout, in 1870, to 72°4′ above Siberia; De Long in the Jeanette expedition, in 1879, to 78° 5′ around the islands which bear his name. Others went around New Siberia and Greenland to the end of the Cape Bismarck, but had not passed the 76th, 77th, or 78th degree of latitude. The North Polar Practical Association wanted then a country which had never been touched before by mankind or discoverers, and which was absolutely uninhabited.

The length of this portion of the globe surrounded by the 84th degree, extending from the 84th to the 90th, making six degrees, which at sixty miles each make a radius of 360 miles and a diameter of 720 miles. The circumference therefore is, 2,260 miles and the surface 407 square miles. This is about the tenth part of the whole of Europe. A very desirable slice of land indeed. The document, as we have seen, also stated that these regions were not yet known geographically, belonged to no one and therefore belonged to everyone. But it could be foreseen that the adjoining States at least would consider these regions

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