On this occasion of the great dividend, King William III. had but lately returned from his victories in Ireland. The deputation, headed by Sir Edward Dering, was introduced to the King by the Earl of Portland, and the following address, hitherto, so far as known to the writer, unpublished, was presented along with the noble gift:-- "Your Majestie's most Loyal and Dutiful subjects beg leave to congratulate your Majestie's Happy Return here with Honor and Safety. And we do daily pray to Heaven (that Hath God wonderfully preserved your Royall Person) that in all your undertakings Your Majestie may be as victorious as Cæsar, as beloved as Titus, and (after all) have the long and glorious Reigne and Peacefull end of Augustus. "On this happy occasion we desire also most humbly to present to your Majestie a dividend of _Two Hundred and twenty-five guineas_ upon three hundred pounds stock in the Hudson's Bay Company, now Rightfully delivered to your Majestie. And although we have been the greatest sufferers of any Company from those common enemies of all mankind the French, yet when your Majestie's just Arms shall have given Repose to all Christendom, we also shall enjoy our share of these great Benefits and do not doubt but to appeare often with this golden fruit in our hands, under the happy influence of Your Majestie's most gracious protection over us and all our Concerns." It is true that towards the end of the seventeenth century, as we shall afterwards see, the trade of the Company was seriously injured by the attacks of the French on the Bay, but a quarter of a century in which the possibility of obtaining such profits had been shown was sufficient to establish the Company in the public favour and to attract to it much capital. Its careful management from the first led to its gaining a reputation for business ability which it has never lost during two and a quarter centuries of its history. CHAPTER IV THREE GREAT GOVERNORS. Men of high station--Prince Rupert primus--Prince James, "nemine contradicente"--The hero of the hour--Churchill River named--Plate of solid gold--Off to the Tower. The success of the Hudson's Bay Company, and the influence exerted by it during so long a period, has often been attributed to the union of persons of station and high political influence with the practical and far-seeing business men of London, who made up the Company. A perusal of the minutes of the first thirty years of the Company's history impresses on the mind of the reader that this is true, and that good feeling and patriotism were joined with business tact and enterprise in all the ventures. From the prosperous days of Queen Elizabeth and her sea-going captains and explorers, certainly from the time of Charles II., it was no uncommon thing to see the titled and commercial classes co-operating, in striking contrast to the governing classes of France, in making commerce and trade a prominent feature of the national life.