In 1929, the following story of Ásmundur Magnússon appeared in Ólaf S. Thorgeirsson’s Almanak p. 88.
“Ásmundur is a great worker, there are not many like him. He was very fond of fishing and sailing in his youth, and became a captain of a fishing boat on Lake Manitoba before his twenties. To careful men, his long journeys seemed like stunts; but they were successful, because he was both observant and quick-witted. He was for many years a captain of freighters on Lake Manitoba; first for a rich company here, but later on a large sailboat he built himself, and put an engine in it. He operated that boat on his own account for the transport of goods and people for several years. His activities have also been the most extensive since he moved to Siglunes. He has had a large fishing fleet there, often around 40 men or more. In the early years he managed this for Armstrong Tr. Co., but later for himself and his sons. He built a sawmill at his home and a box factory and has worked at that the times of the year when fishing was not allowed. The sawmill burned down a few years ago, but he already rebuilt it, more carefully than before. Ásmundur did not enjoy any education in his youth, because children’s schools were not very active here in the sparsely populated settlements around 1890. But he has had a broad mind for learning and has acquired an amazing amount of knowledge in various subjects. In particular, he must have had a good aptitude for engineering, because he is the most economical of all men, and a good foreman. Ásmundur is the most generous of men and has a good reputation.”
English version by Thor group.