Alien Photographed in Alaska in 1930's

This picture below of a purported alien was taken somewhere in Alaska in 1930's.

In the original caption were given this info that the picture was taken in the early 1930s by the sender's grandfather, who lived in Alaska. The entity was first seen when the grandfather was on his way to a lake. He chased the entity until he got close enough to take this one picture. It was some four months before the photograph was developed, being in a remote, sparsely populated area. The sender received the picture from his grandfather only last week His grandfather died the day after giving him the photo, and relating his story.

Cleaned up version:

Orginal image with caption: