"The trade is at present pursued by the export of furs, gunpowder, shot, woollens, hardware and other articles, which together with large supplies of provisions for the factories, constitute an annual outfit consisting wholly of British manufactures and British produce of from £40,000 to £50,000, in return for which we receive the furs of bears, wolves, foxes, otters, martens, beaver and other animals, together with some oil and articles of inferior value. The cargoes are sold at public sale. The beaver and some few inferior furs, together with the oil, are bought for home consumption and sell for about £30,000, but the fine furs were, till after the sale of 1806, bought by the fur merchants for the fairs of Frankfort and of Leipsic for Petersburg, and before the present war, for France. Since that year there has not been a fur sold for exportation, and as a proof to your worships that the deficiency of buyers did not arise from our holding back for a higher market, we sold in 1806 for seven shillings per skin furs that in the more quiet state of Europe in 1804 had brought us 20s. 3d., and which for years previous to that time had sold for a similar price; and other depreciation pervaded in about the same proportion the whole of those furs calculated only for the foreign market, and in some instances furs were sold for a less price than the duties we had paid for them.
"Since that period no orders have been received from abroad, and our warehouses are filled with the most valuable productions of three years' import that if sold at the prices of those years before the closing of the ports on the Continent would have produced us at least £150,000.
"It may be objected to us, that we were improvident in pursuing under such circumstances a trade which must so inevitably tend to ruin. But a certainty that a considerable quantity of furs found their way to New York, and an earnest zeal for the preservation of trade which by the conduct of the Hudson's Bay Company had been secured to this country for a century and a half, prompted us to every exertion to maintain the footing we had established, and the annually increasing amount of our trade gave us just grounds to look forward with confidence to the opening of the northern ports of Europe as the period when all our difficulties would cease; an event which, anterior to the battles of Austerlitz or of Jena, was looked for with the most sanguine expectation.
"Above all were we impelled by the strongest motives to continue these supplies which were necessary for the subsistence of six hundred European servants, their wives and children, dispersed over a vast and extended field of the North American Continent, and who would not be brought to Europe under a period of three years as well as those upon whom the many Indian nations now depend for their very existence.
"The nations of hunters taught for one hundred and fifty years the use of fire-arms could no more resort, with certainty, to the bow or the javelin for their daily subsistence. Accustomed to the hatchet of Great Britain, they could ill adopt the rude sharpened stone to the purposes of building, and until years of misery and of famine had extirpated the present race, they could not recur to the simple arts by which they supported themselves before the introduction of British manufactures. As the outfits of the Hudson's Bay Company consist principally of articles which long habit have taught them now to consider of first necessity, if we withhold these outfits, we leave them destitute of their only means of support. The truth of this observation had a melancholy proof in the year 1782, when from the attack made upon the settlements by La Pérouse, and the consequent failure of our supplies, many of the Indians were found starved to death.
Petition of the Company.
"It was not only from the firm conviction that we felt of the necessity of European manufactures to the present existence of whole nations of North American Indians that we considered ourselves bound by the most powerful ties to exert every effort in their favour; but also that we might continue to them those advantages which would result to their religious as well as civil welfare from the progressive improvements, and a gradual system of civilisation and education which we have introduced throughout the country; improvements which are now diffusing the comforts of civilized life, as well as the blessings of the Christian faith to thousands of uninstructed Indians, and would in their completion, we can confidently assert, have tended to the future cultivation of lands, which from experiments we found capable of growing most of the grains of Northern Europe, and from their climate adapted to the culture of hemp and flax, and from the labour of those families who would have been induced to settle at our factories, might soon have brought to this country the produce of the boundless forests of pine that spread themselves over almost the southern parts of our possessions.
"To realize these not visionary schemes, but sure and certain plans, founded upon the progressive civilization of the natives, were objects not to be given up without the most urgent necessity, and the hope that the ruler of the French Empire could not forever shut out our trade from Europe, induced us to resort to every means within our power to preserve the advantages resulting to ourselves and to the Indians, and to the British nation.
"We have exhausted those funds which we set apart for their completion; we have pledged our credit till we feel, as honest men, that upon the present uncertainty we can pledge it no farther, and we throw ourselves upon your Worship's wisdom to afford us that temporary assistance which we cannot ask at any other hands.
"Were we to resort to the early history of our settlements, we might lay the foundations of just claims upon the public to assist our present wants. We could show instances of most destructive attacks by the French upon our factories. Our forts and military works, mounted with a numerous and expensive artillery for the defence of the colony against their future operations, were destroyed and the guns ruined. And particularly was a most grievous loss occasioned to us by the predatory attack of La Pérouse about the conclusion of the American War, which caused the distress to which we have above alluded.