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Chapter 3
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WHILE the various companies we have noticed were pushing their enterprises far and wide in the wilds of Canada, and along the course of the great western waters, other adventurers, intent on the same objects, were traversing the watery wastes of the Pacific and skirting the northwest coast of America. The last voyage of that renowned but unfortunate discoverer, Captain Cook, had made known the vast quantities of the sea-otter to be found along that coast, and the immense prices to be obtained for its fur in China. It was as if a new gold coast had been discovered. Individuals from various countries dashed into this lucrative traffic, so that in the year 1792, there were twenty-one vessels under different flags, plying along the coast and trading with the natives. The greater part of them were American, and owned by Boston merchants. They generally remained on the coast and about the adjacent seas, for two years, carrying on as wandering and adventurous a commerce on the water as did the traders and trappers on land. Their trade extended along the whole coast from California to the high northern latitudes. They would run in near shore, anchor, and wait for the natives to come off in their canoes with peltries. The trade exhausted at one place, they would up anchor and off to another. In this way they would consume the summer, and when autumn came on, would run down to the Sandwich Islands and winter in some friendly and plentiful harbor. In the following year they would resume their summer trade, commencing at California and proceeding north: and, having in the course of the two seasons collected a sufficient cargo of peltries, would make the best of their way to China. Here they would sell their furs, take in teas, nankeens, and other merchandise, and return to Boston, after an absence of two or three years.
The people, however, who entered most extensively and effectively in the fur trade of the Pacific, were the Russians. Instead of making casual voyages, in transient ships, they established regular trading houses in the high latitudes, along the northwest coast of America, and upon the chain of the Aleutian Islands between Kamtschatka and the promontory of Alaska.
To promote and protect these enterprises, a company was incorporated by the Russian government with exclusive privileges, and a capital of two hundred and sixty thousand pounds sterling; and the sovereignty of that part of the American continent, along the coast of which the posts had been established, was claimed by the Russian crown, on
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