to Nome with $8,000 worth of gold in 1906. His family went with him. Swenson returned to Anadyr with more trade goods while Charlotte and their son returned "to civilization". Swenson's trading station of this period is described as lying on St. Nicholas Bay (not named on modern maps), from Russian Spit (Russkaya Koshka, the northern spit delimiting the outer Anadyr estuary) and from mountains. Since there are no mountains sufficiently close on the south side of the estuary and no nearby bays north of the estuary, this puts the likely location on the northern mainland shore of the estuary. Swenson (though he does not explicitly say so) was trading under the Northeastern Siberian Company concession. In 1908 the steamer Corwin landed freight and miners at the Northeastern Siberian Company's trading station on the north shore of Anadyr Bay; the current from the river was strong at this location. Swenson traveled by dogsled at least as far as Cape Navarin and Korfa Bay to trade. Trade goods were packed in parcels of roughly uniform value, sized to fit on Chukchi sleds. Swenson also brought some American-style retail practices including premiums and credit sales. The credit extended to trappers could take the form of both operating supplies and household goods against next year's fur harvest or a later delivery. Swenson spent alternate winters in Anadyr through 1910-1911. 1910 was a year of transition for the Northeastern Siberian Company. The Russian government declined to renew its concession, its president resigned, and it was absorbed by a Russian-French partnership. Swenson went into a Montana cattle ranching venture with his father in 1911, but the venture did not last long; Olaf did not like ranching much, and when his father died in 1912 he sold the ranch. Swenson made a short trading voyage to the Siberian coast in a chartered schooner in 1911 and a longer trip in 1912 in the motor schooner Polar Bear. This second voyage was a partnership with the Hibbard-Stewart company of Seattle and Captain L.L. Lane. Business of the Hibbard-Swenson and Olaf Swenson companies Hibbard-Swenson Company This partnership was formed in 1913 with the purchase of the steam bark Belvedere (formerly an arctic whaler) and lasted through 1921. It eventually expanded to include multiple ships trading from the Sea of Okhotsk to the north coast of Siberia. Operations The Hibbard-Swenson company bought furs, whalebone, and walrus and mammoth ivory