The Great Company : $b being a history of the honourable company of merchants-adventurers trading into Hudson's BayWillson, Beckles
History
The Great Company : $b being a history of the honourable company of merchants-adventurers trading into Hudson's Bay
Willson, Beckles
Fur trade -- Canada; Hudson's Bay Company; Northwest, Canadian -- History
It must not be inferred, however, that the factors ever adhered
strictly in practice to the standard prescribed and regulated from
time to time by the Company. The standard was often privately doubled,
where it could be done prudently, so that where the Company directed
one skin to be taken for such or such an article, two were taken. The
additional profit went into the hands of the chief factor, and a
smaller share to the two traders, without the cognizance of the
Company, and was called the overplus trade.
[Sidenote: Stationary character of the Company's trade.]
Occasionally, far seeing, active spirits amongst its servants strove
to break through the policy of conservatism which distinguished its
members; but where they succeeded it was only for a short period; and
the commerce of the corporation soon reverted to its ancient
boundaries. But this apparent attitude is capable of explanation. The
Company were cognizant, almost from the first, that the trade they
pursued was capable of great extension. One finds in the minute-books,
during more than forty years from the time of Radisson and
Groseilliers, partner after partner arising in his place to enquire
why the commerce, vastly profitable though it was, remained stationary
instead of increasing.
"Why are new tribes not brought down? Why do not our factors seek new
sources of commerce?" A motion directing the chief factor to pursue a
more active policy was often put and carried. But still the trade
returns, year after year, remained as before. Scarce a season passed
without exhortations to its servants to increase the trade. "Use more
diligence," "prosecute discoveries," "draw down distant tribes," form
the burden of many letters.
"We perceive," writes the Company's secretary in 1685 to Sargeant,
"that our servants are unwilling to travel up into the country by
reason of danger and want of encouragement. The danger, we judge, is
not more now than formerly; and for their encouragement we shall
plentifully reward them, when we find they deserve it by bringing down
Indians to our factories, of which you may assure them. We judge
Robert Sandford a fit person to travel, having the linguæ and
understanding the trade of the country; and upon a promise of Mr.
Young (one of our Adventurers) that he should travel, for which
reason we have advanced his wages to £30 per annum, and Mr. Arrington,
called in the Bay, Red-Cap, whom we have again entertained in our
service; as also John Vincent, both which we do also judge fit persons
for you to send up into the country to bring down trade." To this the
Governor replied that Sandford was by no means disposed to accept the
terms their Honours proposed, but rather chose to go home. "Neither he
nor any of your servants will travel up the country, although your
Honours have earnestly desired it, and I pressed it upon those
proposals you have hinted."
[Sidenote: Character of the Company's Factors.]
Public-domain text, read in full here on John Shaqi.
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