In the beginning the merchants themselves would join the party; later, becoming richer, they entrusted it to an agent. On the return they brought down the pelts to Montreal, whence they were transferred by river sloops to Quebec for London, with which there was a close connection. The “Mdse.” carried was for Indian trade and contained scalping knives, hatchets, paints, blankets, hosiery, beads, etc.
We have spoken of the Montreal merchants after the capitulation of the city engaging in the fur trade.[1] As early as 1765 yearly attempts were made by the first adventurers to trade with the northwest beyond Michillimackinac, but with little success. In 1768 other adventurers joined, but in 1769 Benjamin and Joseph Frobisher formed a connection with Messrs. Todd and McGill. Gradually others were added. At first their canoes had difficulty in getting beyond Lake La Pluye, for the natives plundered their goods, but later they reached Lake Bourbon. This encouraged the traders to persevere and by 1774 new ports were discovered, hitherto unknown to the French. New adventurers followed in their wake, independently, and, without regard to the management of the Indians and the common good of the trade, soon caused disorder, so that many of the substantial traders retired, there only remaining at the latter end of 1782 twelve who persevered. These, convinced by long experience of the advantage that would arise from a general connection, not only calculated to secure and promote their mutual interests but also to guard against any encroachments of the United States on the line of boundary as ceded them by treaty from Lake Superior to Lake du Bois, entered upon and concluded articles of agreement under the title of the North West Company, dividing it into sixteen shares. These were arranged as follows: Todd & McGill, two shares; Benjamin and Joseph Frobisher, two shares; McGill & Paterson, two shares; McTavish & Company, two shares; Holmes & Grant, two shares; Walker & Company, two shares; McBeath & Company, two shares; Ross & Company, one share; Oakes & Company, one share. The above seemed to have been bound together about 1779, but the North West Company, as such, seems to date from about 1782 and for a “term of five years” as first promoted. (Benjamin Frobisher to Doctor McBane, April 1, 1784.)