Company type | Joint-stock company |
---|---|
Industry | Fur trade, Indian trade |
Founded | 1798 |
Defunct | 1804 |
Fate | Merger |
Successor | North West Company |
Headquarters | |
Area served | Assiniboine Country, Athabasca Country |
The XY Company, also known as the New North West Company, was a joint-stock fur trading enterprise based in Montreal that conducted business chiefly in the Canadian Northwest between 1798 and 1804. [1] It was established in opposition to the North West Company, whose employees called it the Little Company and the Potties. [2]
In 1795 some partners withdrew from the North West Company and began to trade on their own through the firm of Forsyth, Richardson & Company which already was engaged in the trade around Lake Superior. At the same time, an agreement was made between on the one hand McTavish, Frobisher & Company and on the other hand Alexander Mackenzie as agent and attorney of Angus Shaw, Roderick McKenzie, Cuthbert Grant, Alexander McLeod and William Thornburn, to begin independent trading operations in 1799 and continue with these until 1805. Due to the animosity that arose between Simon McTavish and Alexander McKenzie this agreement was superseded in 1798 when new partners were admitted and others retired. [3]
After the Jay Treaty of 1794, Britain evacuated its military posts at Michilimackinac and Detroit which meant that Canadian firms operating on United States territory had to leave, either to dissolved or to compete with the North West Company north of the international border, west of Lake Superior. The XY Company was founded in 1798 when the Forsyth, Richardson & Company (which was a subsidiary of the London firm of Phyn, Ellis & Company) and Leith, Jamieson & Company of Detroit united in order to increase its competitive advantage against the North West Company. It was invigorated when John Ogilvy and John Mure entered the company in 1800 and Alexander Mackenzie joined in 1802. [1] [4]
From its beginning, the XY Company contested the North West Company dominance in the Canadian Northwest. Its robust financial support made it possible to open competing fur trading posts on the Red River, at Rainy Lake and Bas de la Rivière Winnipic and many other sites in close vicinity to already existing North West Company posts. [1]
In 1801 the XY Company had posts on the Saskatchewan, in 1803 on the Great Bear Lake, and the same year posts were established on the Peace and the Swan rivers. When the North West Company in 1802 moved its rendezvous from Grand Portage to Kaministiquia, the XY Company followed in 1804. The company then also had a trading fort at Qu'Appelle River and a winter post at Fishing Lake. [5] The XY Company also had a post at Fort Charlotte, by the Pigeon River at the upper end of the portage from Lake Superior. [6] In the North-Western Territory, the XY Company built posts in the immediate vicinity of those of the North West Company; depots near Fort Chipewyan, the posts at the Great Slave Lake, Fort Liard on the Mackenzie River, and at Great Bear Lake. In the Peace River are the XY Company estqablished four posts. It also had depots at Île-à-la-Crosse and Green Lake. [7]
The rivalry between North West Company and XY Company led to an increased use of hard liquor as a competitive means. North West Company increased its use of rum and other spirits from 10,000 gallons in 1799 to 16,000 in 1803. North West Company's average use of hard liquor 1802-1804 was 14,400 gallons, while the average for the XY Company during the same period was 5,000 gallons. [8] Soon both companies were losing money, important fur trading areas became depleted and relations with the First Nations were impaired. [9]
The often close proximity of North West Company's and XY Company's post led to violent interactions between clerks and servants of the companies. In August 1802, a clerk of the XY Company shot and killed a clerk of the North West Company after the latter attempted to steal his furs. The killer was indicted for murder in Montreal, but he was set free as the court had doubt about its jurisdiction; the act having taken place at Fort de l'Isle on the North Saskatchewan River. [10]
In 1803, Alexander Mackenzie reorganized the company as a partnership under the name Sir Alexander Mackenzie & Company, but it was nevertheless mostly called the XY Company. The vehement contest with the North West Company for market shares caused instability in the fur-producing regions and decreased revenue for both companies. In order to end the competition, thereby increasing profit, the two companies merged in 1804 with the North West Company absorbing the XY Company. [1] The XY Company becoming a part owner receiving 25 of the reconstructed North West Company's 100 shares. [11] Yet, McTavish, Frobisher & Company continued as the only agent of the North West Company, and Alexander McKenzie was barred from any engagement in the fur trade. [12] Increased profitability after the merger was reached, among other measures, by lowering the salaries of the clerks. [13]
The North West Company was a fur trading business headquartered in Montreal from 1779 to 1821. It competed with increasing success against the Hudson's Bay Company in the regions that later became Western Canada and Northwestern Ontario. With great wealth at stake, tensions between the companies increased to the point where several minor armed skirmishes broke out, and the two companies were forced by the British government to merge.
Simon Fraser was a Canadian explorer and fur trader who charted much of what is now the Canadian province of British Columbia. He also built the first European settlement in British Columbia.
The Kaministiquia River is a river which flows into western Lake Superior at the city of Thunder Bay, Ontario. Kaministiquia is an Ojibwe word meaning "where a stream flows in island" due to two large islands at the mouth of the river. The delta has three branches or outlets, reflected on early North American maps in French as "les trois rivières" : the southernmost is known as the Mission River, the central branch as the McKellar River, and the northernmost branch as the Kaministiquia. Residents of the region commonly refer to the river as the Kam River.
Peter Pond was an American explorer, cartographer, merchant and soldier who was a founding member of the North West Company and the Beaver Club. Though he was born and died in Milford, Connecticut, most of his life was spent in northwestern North America, on the upper Mississippi and in western Canada.
Simon McTavish, of Montreal was a Scottish-born fur trader and the chief founding partner of the North West Company. He was a member of the Beaver Club and was known as the Marquis for his pre-eminent position in the fur trade and his refined style of living.
Cumberland House is a community in Census Division No. 18 in northeast Saskatchewan, Canada on the Saskatchewan River. It is the oldest community in Saskatchewan and has a population of about 2,000 people. Cumberland House Provincial Park, which provides tours of an 1890s powder house built by the Hudson's Bay Company, is located nearby.
Grand Portage National Monument is a United States National Monument located on the north shore of Lake Superior in northeastern Minnesota that preserves a vital center of fur trade activity and Anishinaabeg Ojibwe heritage. The area became one of the British Empire's four main fur trading centers in North America, along with Fort Niagara, Fort Detroit, and Michilimackinac.
Samuel Black was a Scottish fur trader and explorer, a clerk in the New North Nest Company (XYC) and Wintering Partner in the North West Company (NWC), and later clerk, chief trader, and chief factor in the Hudson's Bay Company (HBC) for the Columbia District. In 1824, he explored the Finlay River and its tributaries in present-day north-central British Columbia, Canada, including the Muskwa, Omineca and Stikine for the HBC. His journals were published by the Hudson's Bay Record Society in 1955.
Lt.-Colonel The Hon. William McGillivray, of Chateau St. Antoine, Montreal, was a Scottish-born fur trader who succeeded his uncle Simon McTavish as the last chief partner of the North West Company until a merger between the NWC and her chief rival - the Hudson Bay Company. He was elected a member of the Legislative Assembly of Lower Canada and afterwards was appointed to the Legislative Council of Lower Canada. In 1795, he was inducted as a member into the Beaver Club. During the War of 1812 he was given the rank of lieutenant colonel in the Corps of Canadian Voyageurs as he was the highest up in the NWC's business hierarchy; the ranks of the Corps reflected one's position within the NWC as the Company had created the Corps under their own volition, and using employees as soldiers. He owned substantial estates in Scotland, Lower and Upper Canada. His home in Montreal was one of the early estates of the Golden Square Mile. McGillivray Ridge in British Columbia is named for him, as well as a handful of elementary schools in Ontario, Quebec, or British Columbia.
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.
The Snake River Trading Post is a reconstructed fur trade post on the Snake River west of Pine City, Minnesota, United States. The post was established in the fall of 1804 by John Sayer, a partner in the North West Company, and built by his crew of voyageurs. The site operated for several years, although its exact period of operation is unknown. It was later destroyed by fire.
Sturgeon-Weir River is a river in east-central Saskatchewan, Canada. It flows about 130 kilometres (81 mi) south-southeast to join the Saskatchewan River at Cumberland House, Saskatchewan. It was on the main voyageur route from eastern Canada northeast to the Mackenzie River basin. The river is a popular wilderness canoe route in Canada.
Bas de la Rivière is a geographical area on both sides of the Winnipeg River at and near the mouth where it empties into Lake Winnipeg. It had a storied historical period in the opening of the west and the subsequent fur trade and settlement.
Fort Sturgeon (1776–1780) was the first trading post on the North Saskatchewan River. It was located about 4 miles west of Prince Albert, Saskatchewan. It and was also called Peter Pond Fort, Fort Pond, Fort la Prairie, Fort des Prairies, Lower Settlement and Fort Sturgeon River.
The Beaver Club was a gentleman's dining club founded in 1785 by the predominantly English-speaking men who had gained control of the fur trade of Montreal. According to the club's rules, the object of their meeting was "to bring together, at stated periods during the winter season, a set of men highly respectable in society, who had passed their best days in a savage country and had encountered the difficulties and dangers incident to a pursuit of the fur trade of Canada". Only fragmentary records remain of their meetings, but from these it is clear that the Beaver Club was "an animated expression of the esprit de corps of the North West Company". The men of the Beaver Club were the predecessors of Montreal's Square Milers.
Brandon House was the first fur-trading post or posts of the Hudson's Bay Company on the southern prairies, operating from 1793 to 1824 during the Assiniboine River fur trade.
Lt.-Colonel The Hon. Roderick Mackenzie of Terrebonne was a Canadian fur trader, landowner and politician. He was a partner in the North West Company and a member of the Beaver Club at Montreal. He was a lifelong friend and the private confidant of his first cousin, Sir Alexander Mackenzie. He was an intellectual who established a library at Fort Chipewyan and both wrote and published works on the fur trade. In 1801 he made his home at Terrebonne, Quebec, purchasing the Seigneury in 1814, although he was forced by a court action to relinquish his title to the property in 1824. He continued to live there until his death. He held many public appointments, most notably as a member of the Legislative Council of Lower Canada.
Matooskie, also known as Anne "Nancy" McKenzie, was a First Nations woman of the Chipewyan nation in Canada. The daughter of Scottish-Canadian fur trader Roderick Mackenzie, Matooskie was abandoned by her father as a young girl, and was left in the care of North West Company trader John Stuart. She was later abandoned by her first husband, John George McTavish. Supported by the Hudson's Bay Company, Matooskie and her family moved to various Hudson's Bay outposts across Western Canada, before settling at Fort Vancouver in the Columbia District following the death of her second husband. In the later years before her death in 1851, she accompanied her daughter and son-in-law.
John George McTavish was a Scottish-born fur trader who played a significant role in the North West Company's activities in North America during the early 19th century. He entered the North American fur trade in 1798 with the North West Company, wherein he challenged the monopoly of the Hudson's Bay Company. Personal controversies arose from his marriages, notably abandoning his common-law wife Matooskie, an Indigenous Canadian woman, for Catherine Aitken Turner, sparking condemnation and rumours.