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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. BC—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.

      It is in connection with this fourth voyage (1661) that the question has been raised as to whether Radisson and his brother-in-law Groseilliers visited Hudson Bay by land. The conflicting claim to the territory about Hudson Bay by France and England gives interest to this question. Two French writers assert that the two explorers had visited Hudson Bay by land. These are, the one, M. Bacqueville de la Potherie, Paris; and the other, M. Jeremie, Governor of the French ports in Hudson Bay. Though both maintain that Hudson Bay was visited by the two Frenchmen, Radisson and Groseilliers, yet they differ entirely in details, Jeremie stating that they captured some Englishmen there, a plain impossibility.

      Oldmixon, an English writer, in 1708, makes the following statement:—"Monsieur Radisson and Monsieur Gooselier, meeting with some savages in the Lake of the Assinipouals, in Canada, they learnt of them that they might go by land to the bottom of the bay, where the English had not yet been. Upon which they desired them to conduct them thither, and the savages accordingly did it." Oldmixon is, however, inaccurate in some other particulars, and probably had little authority for this statement.

      THE CRITICAL PASSAGE.

      The question arises in Radisson's Journals, which are published in the volume of the Prince Society.

      

      For so great a discovery the passage strikes us as being very short and inadequate, and no other reference of the kind is made in the voyages. It is as follows, being taken from the fourth voyage, page 224:—

      "We went away with all hast possible to arrive the sooner at ye great river. We came to the seaside, where we finde an old house all demolished and battered with boullets. We weare told yt those that came there were of two nations, one of the wolf, and the other of the long-horned beast. All those nations are distinguished by the representation of the beasts and animals. They tell us particularities of the Europians. We know ourselves, and what Europ is like, therefore in vaine they tell us as for that. We went from isle to isle all that summer. We pluckt abundance of ducks, as of other sort of fowles; we wanted not fish, nor fresh meat. We weare well beloved, and weare overjoyed that we promised them to come with such shipps as we invented. This place has a great store of cows. The wild men kill not except for necessary use. We went further in the bay to see the place that they weare to pass that summer. That river comes from the lake, and empties itself in ye river of Sagnes (Saguenay) called Tadousac, wch is a hundred leagues in the great river of Canada, as where we are in ye Bay of ye North. We left in this place our marks and rendezvous. The wild men yt brought us defended us above all things, if we would come quietly to them, that we should by no means land, & so goe to the river to the other side, that is to the North, towards the sea, telling us that those people weare very treacherous."

      THE CLAIM INVALID.

      We would remark as follows:—

      1. The fourth voyage may be traced as a journey through Lake Superior, past the pictured rocks on its south side, beyond the copper deposits, westward to where there are prairie meadows, where the Indians grow Indian corn, and where elk and buffalo are found, in fact in the region toward the Mississippi River.

      2. The country was toward that of the Nadoneseronons, i.e. the Nadouessi or Sioux; north-east of them were the Christinos or Crees; so that the region must have been what we know at present as Northern Minnesota. They visited the country of the Sioux, the present States of Dakota, and promised to visit the Christinos on their side of the upper lake, evidently Lake of the Woods or Winnipeg.

      3. In the passage before us they were fulfilling their promise. They came to the "seaside." This has given colour to the idea that Hudson Bay is meant. An examination of Radisson's writing shows us, however, that he uses the terms lake and sea interchangeably. For example, in page 155, he speaks of the "Christinos from the bay of the North Sea," which could only refer to the Lake of the Woods or Lake Winnipeg. Again, on page 134, Radisson speaks of the "Lake of the Hurrons which was upon the border of the sea," evidently meaning Lake Superior. On the same page, in the heading of the third voyage, he speaks of the "filthy Lake of the Hurrons, Upper Sea of the East, and Bay of the north," and yet no one has claimed that in this voyage he visited Hudson Bay. Again, elsewhere, Radisson uses the expression, "salted lake" for the Atlantic, which must be crossed to reach France.

      4. Thus in the passage "the ruined house on the seaside" would seem

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