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
Then being sent to the West, they were taken to the far points in the
ensuing winter, where they were exchanged for furs. The furs reached
Montreal in the next autumn, when they were stored to harden, and
were not to be sold or paid for before the following season. This was
forty-two months after the goods were ordered in Canada. This trade was
a very heavy one to conduct, inasmuch as allowing a merchant one year's
credit, he had still two years to carry the burden after the value of
the goods had been considered as cash.
Toward the end of the century a single year's produce was enormous. One
such year was represented by 106,000 beavers, 32,000 marten, 11,800
mink, 17,000 musquash, and, counting all together, not less than 184,000
skins.
The agents necessary to carry on this enormous volume of trade were
numerous. Sir Alexander Mackenzie informs us that there were employed
in the concern, not including officers or partners, 50 clerks, 71
interpreters and clerks, 1,120 canoe-men, and 35 guides.
The magnitude of the operations of this Company may be seen from the
foregoing statements. The capital required by the agents of the concern
in Montreal, the number of men employed, the vast quantities of goods
sent out in bales made up for the western trade, and the enormous store
of furs received in exchange, all combined to make the business of the
North-West Company an important factor in Canadian life.
Canada was then in her infancy. Upper Canada was not constituted a
province until the date of the formation of the North-West Company.
Montreal and Quebec, the only places of any importance, were small
towns. The absence of manufactures, agriculture, and means of
inter-communication or transport, led to the North-West Company being
the chief source of money-making in Canada. As the fur merchants became
rich from their profits, they bought seigniories, built mansions, and
even in some cases purchased estates in the old land.
Simon McTavish may be looked upon as a type. After a most active life,
and when he had accumulated a handsome competence, Simon McTavish owned
the Seigniory of Terrebonne, receiving in 1802 a grant of 11,500 acres
in the township of Chester. He was engaged at the time of his death,
which took place in 1804, in erecting a princely mansion at the foot of
the Mountain in Montreal. For half a century the ruins of this building
were the dread of children, and were known as McTavish's "Haunted
House." The fur-trader's tomb may still be recognized by an obelisk
enclosed within stone walls, near "Ravenscrag," the residence of the
late Sir Hugh Allan, which occupies the site of the old ruin. _Surely
the glory of the lords of the lakes and the forest has passed away._
CHAPTER XV.
VOYAGES OF SIR ALEXANDER MACKENZIE.
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