Immediately after the union of the two fur Companies in 1821, a company to manufacture cloth from buffalo wool was started. This, of course, was a mad scheme, but there was a clamour that work should be found for the hungry immigrants. The Company began operations, and every one was to become rich. $10,000 of money raised in shares was deposited in the Hudson's Bay Company's hands as the bankers of the "Buffalo Wool Company," machinery was obtained, and the people largely gave up agriculture to engage in killing buffalo and collecting buffalo skins. Trade was to be the philosopher's stone. In 1822 the bubble burst. It cost $12.50 to manufacture a yard of buffalo wool cloth on Red River, and the cloth only sold for $1.10 a yard in London. The Hudson's Bay Company advanced $12,500 beyond the amount deposited, and a few years afterwards was under the necessity of forgiving the debt. The Hudson's Bay Company had thus its lesson in encouraging the settlers. The money distributed to the settlers through this Company, however, bought cattle for them, several hundred cattle having been brought from Illinois that year. A model farm for the benefit of the settlers was next undertaken. Buildings, implements, and also a mansion, costing $3,000, for the manager, were provided. A few years of mismanagement and extravagance brought this experiment to an end also, and the founders were $10,000 out of pocket. Such was another scheme to encourage the settlers. Driven to another effort by the discontent of the people, Governor Simpson tried another model farm. At a fine spot on the Assiniboine, farm dwellings, barns, yards, and stables were erected and fields enclosed, well-bred cattle were imported, also horses. The farm was well stocked with implements. Mismanagement, however, again brought its usual result, and after six years the trial was given up, there having been a loss to the Company of $17,500. Nothing daunted, the Red River settlers started the "Assiniboine Wool Company," but as it fell through upon the first demand for payment of the stock, it hurt nobody, and ended, according to the proverb, with "much cry and little wool." Another enterprise was next begun by Governor Simpson, "The Flax and Hemp Company," but though the farmers grew a plentiful quantity of these, the undertaking failed, and the crop rotted on the fields. A more likely scheme for the encouragement of the settlers was now set on foot by the Governor, viz. a new sheep speculation. Sheep were purchased in Missouri, and after a journey of nearly fifteen hundred miles, only two hundred and fifty sheep out of the original fourteen hundred survived the hardships of the way.