Gorgeous pipe.
I agree with others that it was likely a case of the carver capitalizing on the polar exploration craze.
I don't think the figure is meant to be an eskimo, but a polar explorer. As the pipe is American-made in Manhattan, it might be representative or Robert Peary (shown below), a Navy officer and prolific arctic explorer during the era who was long believed to have been the first man to reach the geographic North Pole.
I've smoked a few pipes under the arctic lights myself, and can certainly attest that the region captures the imagination.