Not always, however, as Macaulay points out, did the trading Companies remember that the pressure on their agents abroad for increased returns meant the temptation to take doubtful or illicit methods to gain their ends. They would have recoiled from the charge of Lady Macbeth,—
"Wouldst not play false,
And yet wouldst wrongly win."
Yet on the whole the Merchant Companies of London bear an honourable record, and have had a large share in laying the foundations of England's commercial greatness.
Wandering but a step further past East India Avenue, at the corner of Lime and Leadenhall Streets, we come to-day upon another building sitting somewhat sedately in the very heart of stirring and living commerce. This is the Hudson's Bay House, the successor of the old house on Fenchurch Street, the abode of another Company, whose history goes back for more than two centuries and a quarter, and which is to-day the most vigorous and vivacious of all the sisterhood of companies we have enumerated. While begun as a purely trading Company, it has shown in its remarkable history not only the shrewdness and business skill of the race, called by Napoleon a "nation of shopkeepers," but it has been the governing power over an empire compassing nearly one half of North America, it has been the patron of science and exploration, the defender of the British flag and name, and the fosterer, to a certain extent, of education and religion.
Not only on the shores of Hudson Bay, but on the Pacific coast, in the prairies of Red River, and among the snows of the Arctic slope, on the rocky shores of Labrador and in the mountain fastnesses of the Yukon, in the posts of Fort William and Nepigon, on Lake Superior, and in far distant Athabasca, among the wild Crees, or greasy Eskimos, or treacherous Chinooks, it has floated the red cross standard, with the well-known letters H. B. C.—an "open sesame" to the resources of a wide extent of territory.
The founding of the Company has features of romance. These may well be detailed, and to do so leads us back several years before the incorporation of the Company by Charles II. in 1670. The story of the first voyage and how it came about is full of interest.
Two French Protestant adventurers—Medard Chouart and Pierre Esprit Radisson—the former born near Meaux, in France, and the other a resident of St. Malo, in Brittany—had gone to Canada about the middle of the seventeenth century. Full of energy and daring, they, some years afterwards, embarked in the fur trade, and had many adventures.
Radisson was first captured by the Iroquois, and adopted into one of their tribes. After two years he escaped, and having been taken to Europe, returned to Montreal. Shortly afterwards he took part in the wars between the Hurons and Iroquois. Chouart was for a time assistant in a Jesuit mission, but, like most young men of the time, yielded to the attractions of the fur trade. He had married first the daughter of Abraham Martin, the French settler, after whom the plains of Abraham at Quebec are named. On her death Chouart married the widowed sister of Radisson, and henceforth the fortunes of the two adventurers were closely bound up together. The marriage of Chouart brought him a certain amount of property, he purchased land out of the proceeds of his ventures, and assumed the title of Seignior, being known as "Sieur des Groseilliers." In the year 1658 Groseilliers and Radisson went on the third expedition to the west, and returned after an absence of two years, having wintered at Lake Nepigon, which they called "Assiniboines." It is worthy of note that Radisson frankly states in the account of his third voyage that they had not been in the Bay of the North (Hudson Bay).
The fourth voyage of the two partners in 1661 was one of an eventful kind, and led to very important results. They had applied to the Governor for permission to trade in the interior, but this was refused, except on very severe conditions. Having had great success on their previous voyage, and with the spirit of adventure inflamed within them, the partners determined to throw off all authority, and at midnight departed without the Governor's leave, for the far west. During an absence of two years the adventurers turned their canoes northward, and explored the north shore of Lake Superior.