The result of this divided action on the part of the traders, and the growing power and truculence of the native tribes, was extremely disastrous for Macgregor Laird, who eventually was forced to retire from the river.

Along with the growing dangers to the various houses engaged in the Niger trade, new troubles began to loom up before them, retarding the proper and healthy commercial development of the region, and threatening all in a common ruin. At first the field to be exploited was so large that the traders came but little into conflict. Gradually, however, with the entrance of new firms, and the planting of new stations, they began to encroach on each other’s districts. The result was soon seen in the keen competition which ensued. The price of native produce began to go up, till it threatened to rise above its value. To keep the trade going profitably the agents were forced to become more and more unscrupulous as to the nature of the articles of import—more and more regardless of the claims of their commercial competitors. Each sought to drive the other out, and the natives, not slow to see the advantages to themselves, did their best to encourage the strife. Under such conditions all legitimate progress was rendered impossible. At any given point the inhabitants were in a position to say, Thus far shalt thou go and no further, or could clear the merchants out if they thought fit. Enterprise requiring considerable outlay was out of the question when the fruits were probably to be reaped only by rivals. The trade, from being restricted to useful articles, was rapidly degenerating, so as largely to include vile spirits and weapons of destruction. Gradually the conditions of competition were making a wholesome trade an impossibility, and the natives, instead of being bettered spiritually and materially by European intercourse, were being driven down into deeper depths of barbarism. A state of things which our prophet M‘Queen had foretold in these memorable words—“If this erroneous policy is pursued, then to the latest period of time the central and southern parts of that vast continent are doomed to remain in the same deplorable state of ignorance, degradation, and misery which has been their lot during the lapse of three hundred years.”

This was a consummation of their labours which the merchants could not contemplate with equanimity. That they were honourable men we have no reason to doubt. True, they went to the Niger in order to make money, but they had no thought of growing wealthy on the ruin and degradation of the people among whom they traded. They had become the victims of the circumstances under which their business was carried on, whereby they were driven irresistibly and even unwittingly into the deplorable situation in which they at length found themselves. In a manner they were more to be pitied than blamed, for they had conjured up a Frankenstein that threatened to be their ruin. To one and all it was alike clear that as long as open unregulated competition lasted, the character of the trade could not be altered—must indeed go from bad to worse—their profits become less and less, and their footing in the country more precarious, subject as it was to the whims, enmities, extortions, and restrictions of the barbarous tribes, armed by the traders themselves with guns which on occasion were turned against the vendors.

A turning point in the commercial history of the Niger had been reached, and everything now depended on the course pursued whether the next departure would be for the weal or for the woe of all concerned.

Happily the right man was forthcoming at this critical juncture, when the necessity of a change was evident to all. Clear-headed, far-seeing business men were in the trade—the peers among British merchants wherever engaged; but something more was wanted in him who should extricate his fellows from the difficult situation in which they had placed themselves. Some one was needed who, with business instincts and knowledge, should combine the savoir faire and knowledge of the world of the diplomatist. Such an one was Sir George T. Goldie—then Mr. G. Goldie Taubman—a name which, like that of Macgregor Laird, must ever rank in the galaxy of great names associated with the annals of Niger enterprise.

At the time Sir George Goldie joined the Central African Company of London, the only other houses in the river were Messrs. Miller & Co., Glasgow, the West African Company of Manchester, and Mr James Pinnock of Liverpool. Trade was carried on as far north as Egga, though commercially the Benué still remained a closed river. A visit to the seat of operations was sufficient to make Sir George aware of the exact situation, and the absolute necessity of a change, if a legitimate and at the same time profitable trade were to be continued. The other firms were already impressed with the same opinion, and the result of a little laying of heads together was the amalgamation of all the firms into the United African Company in the year 1879.

The happy results of this policy were soon made apparent in improved profits. The expense of management was enormously reduced. Where formerly there had been floating hulks, permanent stations were built on land, and at the same time the number was increased. The Company thus found itself on an altogether new footing with the natives, who could now be treated with on equal terms. The trade grew by leaps and bounds, and bade fair to become of national importance.

Naturally such prosperity could not continue without attracting the envious attention of other nations, and more especially of the French, who, having succeeded far beyond their wildest expectations in reaping the harvest sown by the English in the Upper Niger basin, hoped by a little judicious manipulation to be able to do the same along the lower course of the river, and so carry out their dream of an almost exclusive African Empire stretching from Benin to the Mediterranean.

Under the patronage, more or less open, of Gambetta—certainly instigated and encouraged by him—the first feelers were thrown out in the establishment of two commercial associations—the Compagnie Française de l’Afrique Equatoriale of Paris, with a capital of £160,000; and the Compagnie du Senegal et de la Côte Occidentale d’Afrique of Marseilles, with a subscribed capital of £600,000.

Happily for British enterprise in the Niger basin our interests were watched over by argus eyes, else the course of events would have taken a different turn, French commerce bringing everywhere with it the French flag and administrative system, to the eventual strangling of any trade of ours.