X Y Company
Founded at Montreal in 1795 by several partners of the
North West Company, who had become dissatisfied with the administration
of the old company, and particularly resented the autocratic ways of its
chief, Simon McTavish, popularly known among the fur traders, because of
his domineering manner, as "Le Premier," and "Le Marquis." The backbone
of the new concern was the powerful Montreal firm of Forsyth, Richardson
& Co
Alexander Mackenzie was almost persuaded to join the new company
in 1795, but did not actually do so until 1801. Meanwhile the X Y
Company had built a post at Grand Portage in 1797, and followed their
rivals to the Assiniboine, the Saskatchewan, the Athabaska, and even
into the remote Peace River country. On the death of McTavish, in 1804,
the two companies were united as the North West Company. =Index=: (Mackenzie / Selkirk / Simpson era)
Organized by malcontents from North West Company, 6, 92; builds rival
post at Grand Portage, 93; Mackenzie becomes the head of, 98; absorbed
by North-West Company, 1804, 99. =Bib.=: Masson, Bourgeois de la
Compagnie du Nord-Ouest; Bryce, Hudson's Bay Company.