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
In 1795 several partners had retired from the North-West Company
and thrown in their lot with the famous firm that we have seen was
always inclined to follow its own course--Messrs. Forsyth, Richardson
and Co. For a number of years this independent Montreal firm had
maintained a trade in the districts about Lake Superior. The cause
of this disruption in the Company was the unpopularity, among the
wintering partners especially, of the strong-willed and domineering
chief in Montreal--Simon McTavish. One set of bourgeois spoke of him
derisively as "Le Premier," while others with mock deference called him
"Le Marquis." Sir Alexander Mackenzie had been himself a partner, had
resided in the Far West, and he was regarded by all the traders in the
"upper country" as their friend and advocate. Although the discontent
was very great when the secession took place, yet the mere bonds of
self-interest kept many within the old Company. Alexander Mackenzie
most unwillingly consented to remain in the old Company, but only for
three years, reserving to himself the right to retire at the end of that
time.
Notwithstanding their disappointment, and possibly buoyed up with the
hope of having the assistance of their former friend at a later period,
the members of the X Y Company girt themselves about for the new
enterprise in the next year, so that the usual date of this Company is
from the year 1795. Whether it was the circumstance of its origination
in dislike of "Le Premier," or whether the partners felt the need of
greater activity on account of their being weaker, it must be confessed
that a new era now came to the fur trade, and the opposition was carried
on with a warmth much greater than had ever been known among the old
companies. A casual observer can hardly help feeling that while not a
member of the new Company at this date, Alexander Mackenzie was probably
its active promoter behind the scenes.
Public-domain text, read in full here on John Shaqi.
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