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 — John Shaqi
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 war with the Dutch delayed the expedition for one year, and in the
second year their vessel received orders too late to be fitted up for
the voyage. The assistance of the English ambassador to France, Mr.
Montague, was then invoked by Groseilliers and Radisson, now backed up
by a number of merchant friends to prepare for the voyage.
Through this influence, an audience was obtained from Prince Rupert, the
King's cousin, and his interest was awakened in the enterprise.
It was a remarkable thing that at this time the Royal House of England
showed great interest in trade. A writer of a century ago has said,
"Charles II., though addicted to pleasure, was capable of useful
exertions, and he loved commerce. His brother, the Duke of York, though
possessed of less ability, was endowed with greater perseverance, and
by a peculiar felicity placed his chief amusement in commercial schemes
whilst he possessed the whole influence of the State." "The Duke of York
spent half his time in the business of commerce in the city, presiding
frequently at meetings of courts of directors."
It will be seen that the circumstances were very favourable for the
French enthusiasts who were to lead the way to Hudson Bay, and the royal
personages who were anxious to engage in new and profitable schemes.
The first Stock Book (1667) is still in existence in the Hudson's
Bay House, in London, and gives an account of the stock taken in the
enterprise even before the Company was organized by charter. First on
the list is the name of His Royal Highness the Duke of York, and, on the
credit side of the account, "By a share presented to him in the stock
and adventure by the Governor and Company, 300_l._"
The second stockholder on the list is the notable Prince Rupert, who
took 300_l._ stock, and paid it up in the next two years, with the
exception of 100_l._ which he transferred to Sir George Carteret, who
evidently was the guiding mind in the beginning of the enterprise.
Christopher, Duke of Albemarle--the son of the great General Monk, who
had been so influential in the restoration of Charles II. to the throne
of England, was a stockholder for 500_l._
Then came as stockholders, and this before the Company had been formally
organized, William, Earl of Craven, well known as a personal friend of
Prince Rupert; Henry, Earl of Arlington, a member of the ruling cabal;
while Anthony, Earl of Shaftesbury, the versatile minister of Charles,
is down for 700_l._ Sir George Carteret is charged with between six and
seven hundred pounds' worth of stock; Sir John Robinson, Sir Robert
Vyner, Sir Peter Colleton and others with large sums.
Public-domain text, read in full here on John Shaqi.
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