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 dollars apiece in the London market, to which they are all sent. The government revenue derived from the one hundred thousand killed each year is $317,000. Next in importance among the fur animals of Alaska, is the sea-otter, of which about six thousand a year are taken, worth from eighty dollars to one hundred dollars apiece. The Aleuts obtain from thirty to fifty dollars in goods or money, an alternative not due to the fact that the goods are sold for their money value, but to the fact that the traders sooner or later receive back whatever money they pay out instead of goods. Unlimited competition would, of course, run the price much higher, as, for example, it has done in south eastern Alaska. Here the only competition lies between the Western Fur and Trading Company and the Alaska Commercial Company. The latter gets most of them. Each company seeks the good-will of the best hunters by every means in its power, by taking them to and from the hunting grounds in schooners, by advancing provisions and all sorts. of supplies, by building cottages for them, and supplying them with the services of a physician and medicine free. Only Indians are allowed by law to take furs, and whites married to Indian women. This law has induced some