The Remarkable History of the Hudson's Bay Company: Including that of the French Traders of North-Western Canada and of the North-West, XY, and Astor Fur CompaniesBryce, George
History
The Remarkable History of the Hudson's Bay Company: Including that of the French Traders of North-Western Canada and of the North-West, XY, and Astor Fur Companies
Bryce, George
Fur trade -- Northwest, Canadian; Hudson's Bay Company; North West Company; Northwest, Canadian -- History; XY Company
The strongest factor in the combination was probably Simon McTavish, of
whom a writer has said "that he may be regarded as the founder of the
famous North-West Company." McTavish, born in 1750, was a Highlander of
enormous energy and decision of character. While by his force of will
rousing opposition, yet he had excellent business capacity, and it was
he who suggested the cessation of rivalries and strife among themselves
and the union of their forces by the Canadian traders.
[Illustration: THE LAC DES ALLUMETTES.]
Accordingly the North-West Company was formed 1783-4, its stock being
apportioned into sixteen parts, each stockholder supplying in lieu of
money a certain proportion of the commodities necessary for trade, and
the Committee dividing their profits when the returns were made from
the sale of furs. The united firms of Benjamin and Joseph Frobisher
and Simon McTavish administered the whole affair for the traders and
received a commission as agents.
The brightest prospect lay before the new formed Company, and they had
their first gathering at Grand Portage in the spring of 1784. But union
did not satisfy all. A viciously-disposed and self-confident trader,
Peter Pond, had not been consulted. Pond was an American, who, as we
have seen in 1775, accompanied Henry, Cadot, and Frobisher to the far
North-West. Two years later he had gone to Lake Athabasca, and forty
miles from the lake on Deer River, had built in 1778 the first fort in
the far-distant region, which became known as the Fur Emporium of the
North-West. Pond had with much skill prepared a great map of the country
for presentation to the Empress Catherine of Russia, and at a later
stage gave much information to the American commissioners who settled
the boundary line under the Treaty of Paris.
Pond was dissatisfied and refused to enter the new Company. Another
trader, Peter Pangman, an American also, had been overlooked in the
new Company, and he and Pond now came to Montreal, determined to form
a strong opposition to the McTavish and Frobisher combination. In this
they were successful.
One of the rising merchants of Montreal at this time was John Gregory,
a young Englishman. He was united in partnership with Alexander Norman
McLeod, an ardent Highlander, who afterwards rose to great distinction
as a magnate of the fur trade. Pangman and Pond appealed to the
self-interest of Gregory, McLeod & Company, and so, very shortly after
his projected union of all the Canadian interests, McTavish saw arise a
rival, not so large as his own Company, but in no way to be despised.
To this rival Company also belonged an energetic, strong-willed
Scotchman, who afterwards became the celebrated Sir Alexander
Mackenzie, his cousin Roderick McKenzie--a notable character, a trader
named Ross, and also young Finlay, a son of the pioneer so well known
twenty years before in the fur trading and civil history of Canada. Pond
signalized himself by soon after deserting to the older Company.
Public-domain text, read in full here on John Shaqi.
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