NOVEMBER 13, 1952

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The presence at Oharlottetown or John Maloney oi the Hudson's Bay company, Montreal. as judge -or me Filth Annual Liye Mink Show me past week brings to mind that it is the oldest incorporated com- pany in the world, being formed on me 2nd or may, 1670, under char- m given them by King Charles Znd, They were known as the Go- wrnor and Company of Adventures Trading into Hudsonis Bay. These men, pooling a, certain -portion of their resources, fitted out two ships which intrepid navigators sailed to the remote iastnesses oi the far north of Canada and the lollowing year brought back a cargo of mail- mhcrnt peltries which we sold at .uction in London. the proceeds Komg to the company. That was the start and eventually its trad- mg posts stretched from the At- lanlic to the Pacific. in fact one trading post was in Washington Territory. then claimed by Great Britain. The Treaty of 1949 set the houlidry line north oi it and the H1lClS0l'l'S Bay host was abandoned.

o . .

The Company met wth a. great deal of opposition from the North- wits! Fur Company of Canada and

limited States. It was an em of Eat adventures and it was these fur traders who opened pathways in me west and from the north to the south. No pazcs oi hLstory can be read than -more dealing with the exploits of

:i:r.1tt.ically took their lives in their lmnds to bring back to civilization the wanted furs that are now so

Sompany with its posts throughout ahe west. also did a great deal to- wards passing out information re- zardlng fertility of the lrtnd and its admiitage for settlement. were practically the owners of a :;.;-ge past of the west until it deal ms made with the Canadian go-

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miter fur traders fitted out in the.

llli'5i? wonderful hardy men who

easily obtained. The Hudson's Bov

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vrrnment and great territories there reverted to that government. the

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H"d50n'-3 BOY Company getting a sum or money but retaining a, car. tain amount oi the land which Wen today L! of considerable pm- portion and we understand oil and minerals have been found within its confines. C U 0

Due probably to this met, and also because of the rar-seeing pro- gram inaugurated during the go- Vemorshlp oi! Charles V. Sale, new stores were built in Winnipeg, Van- couver and other places and new life infused into the company, the stock of the company has become very active on the London Ex- change and has steadily increased in value and recently it was ru- moured that Canadians were buy- ipg it in large quantities and that eventually the headquarters of the Company would be shifted to Canada. However, it has been den- ied in London and in rt way we think it would be a pity it such a. thing happened. In London are the famous officers or the Com- pany et 84 Bishop's Gate, and Bea- ver llouse. Great Trinity Lane. which is without doubt the finest fur emporium in the world, In its sales room which is constructed in theatre fashion, hundreds of buy- etrs are comfortably seated and from its rostrum the auctioneer can be heard perfectly in every sec- tion oi it.

more interesting . o o

W. Chester S. McLure, M. P. and the writer were connected with the Hudson's Bay Company as pur'- chasers of silver iox from 1926 to 1934 and we made several trips to London to see the results of our purchases sold there. It was most interesting and it was also a re- velation thal: so many pounds worth (the pound was then worth 54.86 2l'.l) could be disposed of in such a short time and that the auctioneer and his helpers could

the nod or winlc or other signal which indlcatedl a buyer and re- member who he was. Then it was also a pleasure to go through the warerooms and see the furs trom all part oi the fur-bearing world -red foxes rmm Kamchatka. nus- sla, that were the last word in that type or i'ur. Russian smiles, that

l then commanded a price ni up to

E100 for a single skin. and the al- most extinct Pcruvian chinchilla The wants of kings and queens were bought there, in fact we were consulted about silver iox peltries that were for royalty. The voyage across in January was not rlways a pleasant one and it look a. good sailor sometimes to make it without an attack of seasickness. Those were the days when silver iox. while not king, was very close to it. It was king in the days of Char- les Dalton. when 24 pelts sent by him in 1910 to London averaged the astonishing price of over 331850.00, with one of them bring-' ing i540, over 32.500 net. 0 O 0

After the war of 1914-1918 when sliver iox began to be purchased in great quantities the price drop- ped. but not so much as to make it unprofitable until the Norweg- ians and Swedes, who had purchas- ed their breeding stock mainly irom Prince Edward Island and the United States had built up tre- mendous fur farms such as the Nieman's and Frokmls. increased the world's production to hundreds or thousands. The decline in price in 1939 on the advent of World War 2. found the industry with n

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recovery and good prices were ob- tained throughout 1942 1M5. Then the slump started again and now the production on Canadian farms has reached a low point of nbout 35.000 siver fox and mutation pelts for 1952. 0 rl O

The present show at the Ex- hibition ground: has demonstrated the fact that the breeders here who have held on have not sacri- fled quality as all classes have ben- utiful nnimals exhibited. Most of them have turned to mink as a. sideline and that is helping out in absorbing the deficit from silver iox. As we mentioned, that is the reason why Mr. Maloney or Hud- son's Bay company is here. He is an expert ofi mink. having been thoroughly trained in the ware- houses in London. and having pric- ed and marketed hundreds or thou- sands of dollars worth of mink and its mutations. It was really I plea.- sure and an education to watch him pick up a. mini: cage and look at the mink, size it up, turn it around to get the light to play on it and then place it in its proper prize-winning order. Everything was done with intense concentra- tion and very quickly. That the Company could spare him and send him here shows that the interest they take in lostering the product- ion of mink which is only one or the iurs that they are actively engaged in handlir-2 Mr. Maloney is 9. man .with a. great personality. one who speaks easily an fluently on any subject connected with furs.

U C O

The 22nd annual Live Fox Show and 5th Live Mink show, was con- cluded at the Provincial Exhibi- tion Fur Pavilion on Thursday at one o'clock. Upwards of 250 foxes of various types and over 200 mink were shown by Prince Edward Is- land and some Nova Scotia ex- hibitors. The foxes were up to the usual standard with the Pearl Plat.-

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inums the best ever exhibited. shown. That was the opinion or That strain is making good pr0- Judge John Maloney when he com- gress and really beautiful types of pleted his work.

blue grey silver pearls were shown ' ' '

in plenty. They are bringing a A nice feature of the closing was price that will just about pay the remarks by President, B. B. Jones, cost of production while other types thanking Mr. Maloney for coming

loss. The mini: were more varieriiw-as also given to Parvin Cass, who

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01 foxes are being produced at u down here and oiflciatlng. Credit-is the best man that can be found

classified the foxes and mink, and to Walter R. Show, secretary. and Miss Eleanor Toombs for her excell- ent clerical work. Full results of the above show have been publish- ed in this paper daily. The foxes were judged the previous days by George A. Callbeck, who or course

son's Bay Company blankets were brought down by Mr. Maloney and presented with the compliments of the Hudson's Bay Company to Er- nest Mill, Kensington, for winning the grand aggregate prize in foxes and to B. B. Jonw. Bunbury, for grand aggregate in points for ' k.

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