The Great Company / Being a History of the Honourable Company of Merchants-Adventurers Trading into Hudson's Bay

by Beckles Willson

Partnership regulations.

By such means all the younger men who were not provided for at the inception of the North-West company, or when they afterwards entered into service, were likely to succeed to the situation and profits of regular partners in the concern. By their contract they entered the company's service as articled clerks for five or seven years. Occasionally they succeeded to shares before the expiration of their apprenticeship. None could be admitted as a partner unless he had first served such apprenticeship to the fur-trade, therefore shares were transferable only to the concern at large. As for the sleeping partner he could not, of course, be debarred from selling out if he chose, but if the transaction were not countenanced by the rest, his name continued to figure in committee, the actual owner of the share being regarded as merely his agent or attorney. A vote accompanied every share, two-thirds constituting a majority.

Such, in brief, was the remarkable constitution of this commercial body—a constitution which was in those days wholly unique. By such regular and equitable methods of providing for all classes of employees, a zeal and independence was fostered. Every petty clerk felt himself, as he was, a principal, and his loyalty and thrift became assured forthwith.

It has been argued, and not unjustly, that such a constitution was obvious, that no great merit need be ascribed to its originators, that it was evolved, so to speak, by the situation itself. The character of the fur-trade at that time was such, the commerce so hazardous and diffused over so vast a country, that without that spirit of emulation thus evoked the new fur company must quickly have resolved itself into its constituent particles. Nevertheless, shrewdness, courage and foresight were demanded, and in the persons of these Canadian Scotchmen were forthcoming.

As for the value of the business in 1788, all the furs, merchandise, provisions and equipments were worth the sum of £40,000. This might properly be called the stock of the Company, for, as Mackenzie, who was now one of its traders, remarked, it included, within the gross expenditure for that year, the amount of the property unexpended, which having been appropriated for that year's adventure, was carried on to the account of the next season.

So greatly did the new Company flourish that the gross amount of the adventure ten years later, was close upon £125,000. But in that year, 1798, a change was to occur which will be dealt with in another chapter.

Mackenzie's expedition to the Arctic.

In 1789 Mackenzie felt the time ripe to prosecute a journey towards which his mind had long been directed—that journey overland to the Pacific, in which Verandrye, as we have seen, had failed through the hand of death. His commercial associates by no means relished the enterprise; but Mackenzie's power and influence had now grown considerable, and he found means this year to carry out his wish. On the 3rd of June, 1789, Mackenzie set out from Fort Chipewyan, at the head of Athabaska Lake, a station nearly midway between Hudson's Bay and the Pacific.

The young explorer had served here for eight years, and was familiar with the difficulties he had to face, as well as aware of the best methods of overcoming them. Taking with him four canoes, he embarked a German and four Canadians with their wives in the first. The second canoe was occupied by a northern Indian, called English Chief, who had been a follower of Matonabee, Hearne's chief guide and counsellor. This worthy was accompanied by his two wives. The third was taken up by two sturdy young savages, who served in the double capacity of hunters and interpreters; whilst the fourth was laden with provisions, clothing, ammunition, and various articles designed as presents to the Indians. This canoe was in charge of one of the North-West concern's clerks, named La Roux.

In such fashion and in such numbers did Mackenzie's party set forth from Fort Chipewyan. By the 4th of June they reached Slave River, which connects the Athabasca and Slave Lakes in a course of about 170 miles; on the 9th of the same month they sighted Slave Lake itself. During this part of the journey they had suffered no other inconvenience than those arising from the attacks of the mosquitoes during the heat of the day and the excessive cold, which characterizes the nights in that country, especially in the hours near dawn.