The conquest of Canada, however, somewhat lessened the danger of its position. Three years after the taking of Quebec, 1776, the fur trade received a new impulse. English traders became familiar with the difficulties of trade of this kind; they learned the customs of the country, the ways of the Indians and their system of exchange of goods, but for all this the Company as yet made no profits whatever. Moreover, towards 1784 some merchants of Montreal combined to explore the fur country, and founded that powerful North-west Company, which soon became the centre of the fur trade. In 1798 the new Company shipped furs to the value of no less than £120,000, and the existence of the Hudson’s Bay Company was again threatened. We must add, that the North-west Company shrank from no act, however iniquitous, if its interests were at stake. Its agents imposed on their own employés, speculated on the misery of the Indians, robbed them when they had themselves made them drunk, setting at defiance the Act of Parliament forbidding the sale of spirituous liquors on Indian territory; and consequently realising immense profits, in spite of the competition of the various Russian and American companies which had sprung up—the American Fur Company amongst others, founded in 1809, with a capital of a million of dollars, which was carrying on operations on the west of the Rocky Mountains. The Hudson’s Bay Company was probably in greater danger of ruin than any other; but in 1821, after much discussion, a treaty was made, in accordance with which its old rival the North-west Company became amalgamated with it, the two receiving the common title of “The Hudson’s Bay Fur Company.”