It is a remarkable fact that at this time the principal market for American furs was in China. The British Government had awarded the monopoly of the China trade to the powerful East India Company, and neither the Hudson Bay Company nor the Northwest Company was allowed to ship furs westward across the Pacific to China. Astor planned to take full advantage of this ridiculous handicap under which the Canadian fur companies labored. He planned to erect a line of trading posts up the Missouri and down the Columbia, at whose mouth a great emporium was to be established; and to this the lesser posts which were to be located in the interior would all be tributary. A coastwise trade would be established, with the Columbia post as headquarters. Each year a ship was to be sent from New York to the Columbia, loaded with reënforcements and supplies. Upon unloading, this ship was to take the year's receipt of furs and sail to Canton, trading off its rich cargo there for merchandise; the voyage was to be continued to New York, where the Chinese cargo was to be turned into money. It is not because of the success of this intrepid promoter that the founding of Astoria occupies such a unique position among the great exploits in the history of American expansion. His attempt to secure the fur trade was not a success; but, considering the day in which it was conceived, the tremendous difficulties to be overcome, the rivalry of British and Russian promoters in the North and Northwest, and the inability of others to achieve it, the founding of Astoria on the Columbia must be considered typically American in the optimism of its conception and the daring of its accomplishment. If there is a good sense in which the words can be used, America has been made by a race of gamblers the like of which the world has never seen before. We have risked our money as no race risked money before our day. Astor was perhaps the first great "plunger" of America; his enthusiasm carried everything before it and influenced the spread of American rights and interests. The failure of the Astoria scheme did not check certain more fundamental movements toward the Pacific; the questions of boundaries and territorial and international rights were brought to the fore because of Astor's attempt. This promoter's lifelong enterprise was a highly important step, after the Lewis and Clark expedition, toward the Americanization of the newly purchased Louisiana; it hastened the settlement of questions which had to be faced and solved before Louisiana was ours in fact as well as on paper. Lewis and Clark found a way thither and announced to the Indian nations American possession; Astor, by means of a private enterprise, precipitated the questions of boundaries and rights which America and England must have settled sooner or later.