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
Among the numerous houses which cured and dealt in furs at this
period, both in London and Bristol, there were none whose business
seems to have been comparable, either in quantity or quality, to that
of the great establishments which flourished in Leipsic and Amsterdam,
Paris and Vienna. Indeed, it was a reproach continually levelled at
the English fur-dressers that such furs as passed through their hands
were vastly inferior to the foreign product; and it is certain that it
was the practice of the nobles and wealthier classes, as well as the
municipal and judicial dignitaries, for whose costume fur was
prescribed by use and tradition, to resort not to any English
establishment, but to one of the cities above-mentioned, when desirous
of replenishing this department of their wardrobe. Hitherto, then, the
Company had had but little opportunity of extending its trade, and but
little ground to show why an intending purchaser should patronize its
wares. But the superiority both in the number and quality of the skins
which now began to arrive seems to have encouraged the directors to
make a new bid for public custom; and as the purchasing public showed
no disposition to visit their warehouses they determined to take their
wares to the public.
[Sidenote: First sale well attended.]
This sale of the Company, however, the first, as it subsequently
proved, of a series of great transactions which during the past two
centuries have made London the centre of the world's fur-trade, did
not take place until the twenty-fourth of January. It excited the
greatest interest. Garraway's was crowded by distinguished men, and
both the Prince of Wales and the Duke of York, besides Dryden, the
poet, were among the spectators. There are some lines attributed to
him, under date of 1672, which may have been improvised on this
occasion.
"Friend, once 'twas Fame that led thee forth
To brave the Tropic Heat, the Frozen North,
Late it was Gold, then Beauty was the Spur;
But now our Gallants venture but for Fur."
A number of purchases seem to have been made by private parties; but
the bulk of the undressed beaver-skins probably went to fur merchants,
and there is good reason to believe that the majority found their way
into the hands of Portman and Prettyman. Beaver seems on this occasion
to have fetched from thirty-five to fifty-five shillings--a high
figure, which for a long time was maintained. But the Company showed
considerable sagacity by not parting with its entire stock of furs at
once. Only the beaver-skins were disposed of at this sale; the
peltries of moose, marten, bear and otter were reserved for a separate
and subsequent auction.
[Sidenote: Meeting at John Horth's.]
Public-domain text, read in full here on John Shaqi.
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