Monday, Sep. 15, 1924

Assets and Liabilities

Roald Amundsen succumbed last week, not to the rigors of nature, but to the rigors of man. In his native Christiania, he filed a voluntary petition in bankruptcy and asked for a public receivership, believing that he is solvent. Some time ago (TIME, July 7, AERONAUTICS) he was unable to pay for two airplanes which he had ordered for a polar flight.

His chief assets are believed to be his vessel, the Maud, now drifting across the North Pole, frozen in the ice, and a house near Christiania.