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
But the Company was now threatened with a more determined and
judicious warfare by the better class of Canadian traders. The
enterprise had been checked, first by the animosity of the Indians,
and at the same time by the ravages of the smallpox, but during the
winter of 1783-4, the Montreal merchants resolved, for the better
prosecution of their scheme, to effect a junction of interests, by
forming an association of sixteen equal shares, without, however,
depositing any capital. The scheme was to be carried out in this way:
Each party was to furnish a proportion of such articles as were
necessary in the trade, while the actual traders, or "wintering
partners," of these merchants were to receive each a corresponding
share of the profits. To this association was given, on the suggestion
of Joseph Frobisher, the name of the North-West Company. The chief
management of the business was entrusted to the two Frobishers and
Simon McTavish, another Scotch merchant in Montreal.
In May, 1784, accordingly, Benjamin Frobisher and McTavish went to the
Grand Portage with their credentials from the other partners in the
new undertaking. Here they met the bulk of the traders and voyageurs,
who were delighted to hear of the new scheme. These entered heartily
into the spirit of the undertaking, and that spring embarked for the
west with the merchandise and provisions brought them, with a lighter
heart than they had known for years, and with a determination to
profit by the disasters of the past. Not all of the chief traders, it
must be said, cast in their lots with the new company. Two, named Pond
and Pangman, opposed it; and finding a couple of merchants who were
willing to furnish sufficient capital, resolved to strike out for
themselves as rivals to the North-West company. This action
occasioned, as might be expected, great bitterness and disorder.
Nevertheless, it was the means of bringing to light a young Scotchman
from the Isles, whose name will be forever linked with the North-West.
His name was Alexander Mackenzie.
[Sidenote: Alexander Mackenzie.]
Public-domain text, read in full here on John Shaqi.
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