Fanning & Coles was an American firm engaged in the Old China Trade and related Maritime fur trade. The two principal partners were sea captain Edmund Fanning and financier Willet Coles. The firm existed from 1798 to 1815, owning several large mercantile vessels. Sailing from New York City to South America and later the Pacific Ocean, the American vessels would gather and purchase seal skins throughout southern Atlantic and Pacific. These valuable pelts included hides from the South American fur seal. After a successful voyage around Cape Horn and enough animal furs were gathered, the vessels from Fanning & Coles then typically sailed for the Qing Dynasty port of Guangzhou, China. Here valuable Chinese manufactured goods were purchased, which included nankeens and porcelain, in addition to stockpiles of tea commonly valued and sold for $40,000 in profits annually.
On the 1798 voyage of the Betsey they caught 100,000 seals which were sold in China.
On several voyages they discovered new uncharted islands such as Fanning Island and Palmyra Atoll. Coles and Fanning secured permission President James Madison for an expedition to the Fiji Island to buy rare woods for trade with China.
The firm built the 290 ton Tonquin . The firm sold the Tonquin to John Jacob Astor's Pacific Fur Company for $37,000 in 1810. The Tonquin was sent to the Northwest to trade furs.
Willett Coles also owned a manhattan rum distillery with his father Stephen Coles. He is listed in 1811 as a founding member of a group that chartered the original Bank of America in NY. Coles was one of the first presidents of the New York City Fire Department (1808). The Coles were descendants of original settler Robert Coles who founded the settlement of Glen Cove, NY. ( originally called Musketa Cove)
Sources are the books written by Edmund Fanning on the voyages of the Betsey, national archives of the US, presidential documents of Jefferson, Monroe and Madison.
John Jacob Astor was a German American businessman, merchant, real estate mogul, and investor who made his fortune mainly in a fur trade monopoly, by smuggling opium into China, and by investing in real estate in or around New York City. He was the first prominent member of the Astor family and the first multi-millionaire in the United States.
The Embargo Act of 1807 was a general trade embargo on all foreign nations that was enacted by the United States Congress. As a successor or replacement law for the 1806 Non-importation Act and passed as the Napoleonic Wars continued, it represented an escalation of attempts to persuade Britain to stop any impressment of American sailors and to respect American sovereignty and neutrality but also attempted to pressure France and other nations in the pursuit of general diplomatic and economic leverage.
The Pacific Fur Company (PFC) was an American fur trade venture wholly owned and funded by John Jacob Astor that functioned from 1810 to 1813. It was based in the Pacific Northwest, an area contested over the decades among the United Kingdom of Great Britain and Ireland, the Spanish Empire, the United States of America and the Russian Empire.
The Russian-American Company Under the High Patronage of His Imperial Majesty was a state-sponsored chartered company formed largely on the basis of the United American Company. Emperor Paul I of Russia chartered the company in the Ukase of 1799. It had the mission of establishing new settlements in Russian America, conducting trade with natives, and carrying out an expanded colonization program.
Fort Astoria was the primary fur trading post of John Jacob Astor's Pacific Fur Company (PFC). A maritime contingent of PFC staff was sent on board the Tonquin, while another party traveled overland from St. Louis. This land based group later became known as the Astor Expedition. Built at the entrance of the Columbia River in 1811, Fort Astoria was the first American-owned settlement on the Pacific coast of North America.
Jonathan Thorn was a career officer of the United States Navy in the early 19th century.
Edmund Fanning was an American explorer and sea captain, known as the "Pathfinder of the Pacific."
The American Fur Company (AFC) was founded in 1808, by John Jacob Astor, a German immigrant to the United States. During the 18th century, furs had become a major commodity in Europe, and North America became a major supplier. Several British companies, most notably the North West Company and the Hudson's Bay Company, were eventual competitors against Astor and capitalized on the lucrative trade in furs. Astor capitalized on anti-British sentiments and his commercial strategies to become one of the first trusts in American business and a major competitor to the British commercial dominance in North American fur trade. Expanding into many former British fur-trapping regions and trade routes, the company grew to monopolize the fur trade in the United States by 1830, and became one of the largest and wealthiest businesses in the country.
Tonquin was a 290-ton American merchant ship initially operated by Fanning & Coles and later by the Pacific Fur Company (PFC), a subsidiary of the American Fur Company (AFC). Its first commander was Edmund Fanning, who sailed to the Qing Empire for valuable Chinese trade goods in 1807. The vessel was outfitted for another journey to China and then was sold to German-American entrepreneur John Jacob Astor. Included within his intricate plans to assume control over portions of the lucrative North American fur trade, the ship was intended to establish and supply trading outposts on the Pacific Northwest coast. Valuable animal furs purchased and trapped in the region would then be shipped to China, where consumer demand was high for particular pelts.
The Old China Trade refers to the early commerce between the Qing Empire and the United States under the Canton System, spanning from shortly after the end of the American Revolutionary War in 1783 to the Treaty of Wanghia in 1844. The Old China Trade represented the beginning of relations between the United States and East Asia, including eventually U.S.–China relations. The maritime fur trade was a major aspect of the Old China Trade, as was illegal trafficking in opium. The trade era overlapped the First Opium War, which resulted from an attempt by China to enforce its prohibition on opium smuggling by Western traders and blockade-runners between 1839–1842.
Robert Stuart was a Scottish-born, Canadian and American fur trader, best known as a member of the first European-American party to cross South Pass during an overland expedition from Fort Astoria to Saint Louis in 1811. He was a member of the North West Company (NWC) until recruited by John Jacob Astor to develop the new Pacific Fur Company, which was based at Fort Astoria, on the coast of present-day Oregon. Astor intended the venture to develop a continent-wide commercial empire in fur trading.
Alexander MacKay was a Canadian fur trader and explorer who worked for the North West Company and the Pacific Fur Company. He co-founded Fort Astoria near the mouth of the Columbia River on the Pacific coast.
Union was constructed at Barnstable, Massachusetts, later purchased by Edmund Fanning, who refitted and registered the vessel in New York under ownership of Fanning & Coles shipping company partnership.
Russel Farnham was an American frontiersman, explorer, and fur trader. An agent of John Jacob Astor's American Fur Company, he oversaw fur trading in the Great Lakes region throughout the 1810s and 1820s. A member of the Pacific Fur Company headed by Wilson P. Hunt during 1810–1812, he is also the first American to semi-circumnavigate the world traveling by foot from Fort Astoria to St. Petersburg, Russia, to New York City.
Events from the year 1810 in the United States.
The Battle of Woody Point was an incident in western Canada in June 1811 involving the Tla-o-qui-aht natives of the Pacific Northwest and the Tonquin, an American merchant ship of the Astor Expedition. The vessel had traveled to Clayoquot Sound off Vancouver Island to trade for furs. Following an argument begun during the bartering, the Tla-o-qui-aht captured the vessel and massacred most of the crew; one remaining sailor then scuttled her by detonating the powder magazine.
The maritime fur trade was a ship-based fur trade system that focused on acquiring furs of sea otters and other animals from the indigenous peoples of the Pacific Northwest Coast and natives of Alaska. The furs were mostly sold in China in exchange for tea, silks, porcelain, and other Chinese goods, which were then sold in Europe and the United States. The maritime fur trade was pioneered by Russians, working east from Kamchatka along the Aleutian Islands to the southern coast of Alaska. British and Americans entered during the 1780s, focusing on what is now the coast of British Columbia. The trade boomed around the beginning of the 19th century. A long period of decline began in the 1810s. As the sea otter population was depleted, the maritime fur trade diversified and transformed, tapping new markets and commodities, while continuing to focus on the Northwest Coast and China. It lasted until the middle to late 19th century.
Astoria: Or, Enterprise Beyond the Rocky Mountains is a book published in 1836 by Washington Irving.
Beaver was a 427-ton merchant ship owned by John Jacob Astor that was in service from 1806 to the middle of the century.
The Hersilia was an American merchant vessel and the first from the United States to visit the South Shetland Islands. During its second voyage it was seized by Vicente Benavides, a Royalist commander in the Chilean War of Independence, who ordered its destruction late in 1821.