While State and Church were providing a population for the country,
Colbert and Talon were devoting themselves to the encouragement of
manufactures and commerce. When the Company of the Hundred Associates,
who appear to have been robbed by their agents in the colony, fell to
pieces, they were replaced by a large organisation, known as the
Company of the West, to which was given very important privileges
throughout all the French colonies and dependencies. The company,
however, never prospered, and came to an end in 1674, after ten years'
existence, during which it inflicted much injury on the countries where
it was given so many privileges. The government hereafter controlled
all commerce and finance. Various manufactures, like shipbuilding,
leather, hemp, and beer, were encouraged, but at no time did Canada
show any manufacturing or commercial enterprise. Under the system of
monopolies and bounties fostered by Colbert and his successors, a
spirit of self-reliance was never stimulated. The whole system of
government tended to peculation and jobbery--to the enrichment of
worthless officials. The people were always extremely poor. Money was
rarely seen in the shape of specie. The few coins that came to the
colony soon found their way back to France. From 1685 down to 1759 the
government issued a {162} paper currency, known as "card money,"
because common playing cards were used. This currency bore the crown
and fleur-de-lis and signatures of officials, and gradually became
depreciated and worthless.
[Illustration: Card issue of 1729, for 12 livres.]
Public-domain text, read in full here on John Shaqi.
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