Lord Strathcona told me that in his day on this coast, when a man had
made so good a hunt that he had purchased all he could think of, he
would go round to the store again asking how much money was still due
him. He would then take up purchases to exceed it by a moderate
margin, saying that he liked to keep his name on the Company's books.
In those days the people felt that they had the best part of the
bargain if they were always a little in debt. The tendency to thrift
was thus annihilated. The fishermen simply turned in all their catch
to the merchant, and took what was coming to them as a matter of
course. Many even were afraid to ask for certain supplies. This fact
often became evident when we were trying to order special diets--the
patient would reply, "Our trader won't give out that." Naturally the
whole system horrified us, as being the nearest possible approach to
English slavery, for the poor man was in constant fear that the
merchant "will turn me off." On the other hand, the traders took
precautions that their "dealers" should not be able to leave them,
such as not selling them traps outright for furring, or nets for
fishing, but only loaning them, and having them periodically returned.
This method insured their securing all the fur caught, because legally
a share of the catch belonged to them in return for the loan of the
trap. They thus completely minimized the chance for competition, which
is "the life of trade."
Soon after my arrival on the coast I saw the old Hudson Bay Company's
plan of paying in bone counters of various colours; and a large lumber
company paying its wages in tin money, stamped "Only valuable at our
store." If, to counteract this handicap, the men sold fish or fur for
cash to outsiders, and their suppliers found it out, they would punish
them severely.
Public-domain text, read in full here on John Shaqi.
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