Klondike Big Inch Land Promotion
Quaker Oats bought 19.11 acres of land in the Yukon Territory of Canada for the price of $1000 USD and printed up 21 million deeds for one square inch of land. On advice of counsel, Quaker Oats set up and transferred the land to the Great Klondike Big Inch Land Company to make the company the registered owner and manager of the deeds.
Starting on January 1955, 93 newspapers across the United States ran advertisements that read "Get a real deed to one square inch of land in the Yukon gold rush country" and, "You'll actually own one square inch of Yukon land". The promotion was tied to the Sergeant Preston of the Yukon radio show which Quaker Oats was sponsoring at the time.
The promotion instructed people to mail a form along with a box top from either Quaker Puffed Wheat, Quaker Puffed Rice or Muffets Shredded Wheat to the Quaker Oats company. In turn, a 5 by 8 inch deed to one square inch of land in the Klondike was sent back. In February 1955, Quaker Oats was blocked from trading the deed for a box top by the Ohio Securities Division until it received a state license for the "sale" of foreign land. To get around the injunction, the company stopped the trade-in offer and instead put one of the deeds in each box of cereal produced.
Since none of the deeds were actually registered, the documents were never legally binding and owners of these deeds were never actual owners of any land. The deed excluded mineral rights on the property.
Due to $37.20 in back taxes, the land was repossessed by the Canadian government in 1965, and the Great Klondike Big Inch Land Company dissolved in 1966. The land is now part of the Dawson City Golf Course.
To this day, Yukon officials receive letters and phone calls about the deeds. The land office of the Yukon currently contains an 18 inch thick file folder of correspondence regarding the promotion.
- Challenge of the Yukon, the radio show tied to the Klondike Big Inch Land promotion
- Dawson City, the city the land is situated on.
- "Folks still make claims in Sgt. Preston's Yukon". The Montreal Gazette. 1986-09-20. Retrieved 30 December 2012.
- Price, Mark J. "Local history: Quaker Oats prize creates Yukon land rush in 1955". Akron Beacon Journal Online. Retrieved 30 December 2012.
- Summers, Vincent. "1955 Quaker Oats Yukon Land Giveaway: Deeds on "eBay"". Retrieved 30 December 2012.
- "The Klondike Big Inch". Retrieved 30 December 2012.