In The Meantime The Hudson's Bay Company Ceased
To Pay Dividends, And The Other Companies Were Almost Bankrupt.
At this
moment Mr. Ellice, by great tact, and force of will, succeeded in
uniting all the conflicting combinations;
And from that time onwards
the fur trade has been carried on under the Charter of the Hudson's Bay
Company, extended by licenses, from time to time renewed, of exclusive
trade in the North-West and in the Pacific States, including
Vancouver's Island. Out of these fusions arose the Puget Sound Company,
created to utilise, cultivate, and colonise the Pacific territories,
over which licenses to trade had been given to the Hudson's Bay
Company.
The vigorous action of the united interests soon told upon the trade
and discipline of the vast area hunted and traded over. The Indians
were brought back to tea and water in place of rum and brandy; and
peace was restored, everywhere, between the white man and the red. The
epidemics of small pox, which had at times decimated whole tribes of
Indians, were got rid of by the introduction of vaccination.
Settlement, if only on a small scale, was encouraged by the security of
life and property. The enlargement of their action, as issuers of notes
and as bankers aided the trade and the colonists; and so good was a
Hudson's Bay Company's note that it was taken everywhere over the
northern continent, when the "Shin Plasters" of banks in the United
States and Canada were refused. When, for a short time, in 1865 and
1866, I held the office of shareholders' auditor of the Hudson's Bay
Company, I cancelled many of these notes, which had become defaced,
mainly owing to the fingering of Indians and others, who left behind on
the thick yellow paper coatings of "Pemmican," - the pounded flesh and
fat of the buffalo, done up in skins like sausages - a food eminently
nutritious and lasting long, but fearfully odorous and nasty.
Mr. Ellice supplied much of the political energy inside the old Reform
party, displayed in the Reform Bill struggle of 1830-1832. He became
one of the Secretaries of the Treasury; and, in 1831, had to organize
the eventful election of that year. His great powers and never-failing
energy, devoted in early life to the fur trade and its conflicts,
became of infinite value to the country, in many momentous struggles,
at home, for liberty and progress. It amused me much when, by chance,
meeting Mr. Ellice, after we had bought and paid for his Hudson's Bay
property, to see the kind of astonished stare with which he regarded
me. I think the purchase of the Hudson's Bay Company was a mystery to
him. I remember meeting him at the Royal Academy a few months before
his death. He stopped opposite to me, as if to study my features. He
did not speak a word, nor did I. He seemed in a state of abstraction,
like that of a man endeavouring to recollect a long history of
difficulty, and to realize how strangely it had all ended, - by the
negociation I had brought to a head.
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