M.S. MARGARET A stuck on a bar en route from Coronation Gulf

Inscribed. Signed. Dated., Inscription: inscribed in black ink, mount verso, u.r.: On Sept. 8th 1934, while en route west / from - Coronation Gulf. the M.S. Margaret A. / ran on a bar, while seeking shelter / from an oncoming storm, / The situation appearing hopeless, / $30,000. worth of fur was landed / on the beach; also all food & coal / supplies remaining on board the / vessel / Shortly after, the vessel was refloated & taken to anchor in the quieter waters of the small / river, / Supplies ec(?) were taken / back on board, next / morning a successfull (sic) / getaway was made. /, Inscription: Sep.-15th. 1934 - Continuous westerly / gales, bringing in massive ice / floes, forced the "Margaret.A" / into "Letty Harbour", where she / was held & finally frozen in / untill July 24th 1935; l.l.: E.S. Chappell / winter 1934 / L. Harbour. W. Arctic Coast, Inscription: (partial)