Towards the accomplishment of the great plan which he had in view, Mr. Astor now set about opening a new branch of the fur trade on the Pacific, under the appellation of the “Pacific Fur Company,” the grand central depôt of which was to be at the mouth of the Columbia River, the “Oregon of the Spaniards.”[5] By this means he contemplated carrying off the furs of all the countries west of the Rocky Mountains; at the same time forming a chain of trading posts across the Continent, from the Atlantic to the Pacific, along the waters of the great Missouri: connecting by this chain the operations of the South-West Company on the east, with that of the Pacific Fur Company on the west side of the dividing ridge. This grand commercial scheme, appearing now plain and practicable, at least to men of sanguine disposition, gave much satisfaction to the American public, who, from the results contemplated, became deeply interested in its success; for all the rich cargoes of furs and peltries thus to be collected annually over the vast expanse were to be shipped in American vessels for the great China mart, there to be sold, and the proceeds invested in a return cargo of teas, silks, beads, and nankeens, and other articles of high demand in the United States; which would not only prevent to some extent the American specie from going out of the Union for such articles, but also turn the barren wilds of the north and far {6} west into a source of national wealth. Some, however, of the more sagacious and influential among the Americans themselves observed to Mr. Astor at the time, that his plan would be likely to give umbrage to the British, and arouse them to assert more speedily their claims of prior discovery to the Oregon quarter, and that such a step would operate against him. To these suggestions Mr. Astor simply observed, “that he had thought of that, but intended chiefly to employ in his undertaking British subjects, and that he should on that account give less offence; besides,” added, he, “the claims of prior discovery and territorial right are claims to be settled by Government only, and not by an individual.”