profits were so enormous. The ring or the axe was indeed

a trifle to the trader, but the beaver skin and the

horse were equally trifles to the savage, who could procure

as many of them as he chose with very little

trouble, while the ring and the axe were in his estimation

of priceless value. Besides, be it remembered, to

carry that ring and that axe to the far-distant haunts of

the Red-man cost the trader weeks and months of constant

toil, trouble, anxiety, and, alas! too frequently cost

him his life! The state of trade is considerably modified