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 that a foreign company had no chance to live and prosper.

It so continued until the ten-year limit was nearly up, when in 1827 the commission representing the two powers met and re-enacted the treaty of 1818, which went into effect in 1828. It was a giant monopoly, but dealing as it did with savage life, and gathering its wealth from sources which had never before contributed to the world's commerce, it was allowed to run its course until it came in contact with the advancing civilization of the United States, and was worsted in the conflict.

With the adoption of the Ashburton treaty the Hudson Bay Company was shorn of much of its kingly power and old time grandeur. But it remained a money-making organization. Under the terms of the treaty the great corporation was fully protected. This Ashburton treaty was written in England and from English standpoints, and every property and possessory right of this powerful company was strictly guarded. The interests of the company were made English interests.

Under this treaty the United States agreed to pay all valuations upon Hudson Bay Company property south of forty-nine degrees; while England was to make a settlement for all above that line. The company promptly sent in a bill to the United States for $3,882,036.27, while their