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.



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