CHAPTER XXIX.
1808-1812.
Crisis in the Company's Affairs—No Dividend Paid—Petition to Lords of the Treasury—Factors Allowed a Share in the Trade—Canada Jurisdiction Act—The Killing of MacDonnell—Mowat's Ill-treatment—Lord Selkirk—His Scheme laid before the Company—A Protest by Thwaytes and others—The Project Carried—Emigrants sent out to Red River—Northmen Stirred to Reprisal.
England was again at war with France. Napoleon had placed an embargo on English commerce, and to the uttermost corner of Europe was this measure felt. Tons of the most costly furs, for which there was no market, lay heaped in the Company's warehouse. The greatest difficulty was experienced in procuring servants, especially seamen, and when these were procured, they were often seized by a press-gang; shares began to decline in value; numerous partners were selling out their interests, and no strong man appeared at the head of affairs.
In 1808 no dividend was paid, chiefly the result of the non-exportation of the Company's furs to the Continent of Europe. There were the accumulations of furs imported during 1806, 1807 and 1808 lying in the warehouse without prospect of sale.
The pressure still continued and at last, in 1809, the Company was driven to petition the Chancellor of the Exchequer for transmission to Lords of the Treasury, setting forth the Company's position and its claims on the nation.
The Company in difficulties.
"Accumulated difficulties," it said, "have pressed hardly on the Company and we ask assistance to maintain a colony that till now has found within itself resources to withstand the pressure of all former wars and to continue those outfits on which six hundred Europeans and their families and some thousands of native Indians depend for their very existence.
"We assure your worships that it was not until all those resources were exhausted that we came to the resolution of making the present application."
The petition recited that after having received their charter the Company had colonized such parts of newly granted territories as appeared most convenient for carrying on their commerce with the natives. This commerce "consisted in the barter of British manufactures for the furs of animals killed by the different tribes of Indians who were within reach of factories and gradually extended itself till, as at the present moment, the manufactures of Great Britain are borne by the traders of Hudson's Bay over the face of the whole country from Lake Superior to the Athabasca.