Petersburg Pilot -

April 13, 1923 – Captain I.M. Hofstad, resident of Scow Bay, has just returned from the south where he bonded his group of nickel claims on Baranof Island to a group of Los Angeles capitalists. The nickel claims were found by the young sons of Captain Hofstad early last summer while on a hunting trip and it is said the ledge is a large one and runs heavily in nickel. These claims are said to be the only known nickel deposits in the United States or its possessions and that practically all of the nickel used in the country has been imported from Canada. As there is a heavy import duty on n...