Page:Early western travels, 1748-1846 (1907 Volume 29).djvu/58

 account of this association is therefore deemed apposite in this place.

A charter was granted by Charles II, in 1670, to certain British subjects associated under the name of "The Hudson's Bay Company," in virtue of which they were allowed the exclusive privilege of establishing {250} trading factories on the Hudson's Bay and its tributary rivers. Soon after the grant, the Company took possession of the territory, and enjoyed its trade without opposition till 1787; when was organized a powerful rival under the title of the "North American Fur Company of Canada." This company was chiefly composed of Canadian-born subjects—men whose native energy and thorough acquaintance with the Indian character, peculiarly qualified them for the dangers and hardships of a fur trader's life in the frozen regions of British America. Accordingly we soon find the North-westers outreaching in enterprise and commercial importance their less active neighbours of Hudson's Bay; and the jealousies naturally arising between parties so situated, led to the most barbarous battles, and the sacking and burning each others posts. This state of things in 1821, arrested the attention of Parliament, and an act was passed consolidating the two companies into one, under the title of "The Hudson's Bay Company."[62]

This association is now, under the operation of their charter, in sole possession of all that tract of country bounded north by {251} the northern Arctic Ocean; east by the Davis' Straits and the Atlantic Ocean; south and south-westwardly by the northern boundary of the Cana-*