Puget Sound Agricultural Company
The Puget Sound Agricultural Company (PSAC), with common variations of the name including Puget Sound or Puget's Sound, was a subsidiary
Because its monopoly license granted by the
The primary company operations were centered at
Background
The governing committee and its officers were as a practice in consistent contact with members of the British Government. This was a major advantage for the company and gave them important insights into political developments. Simpson and his cohorts knew the general position of the British Government for any potential negotiations with the United States to resolve the Oregon boundary question. The British would continue their previous stance of claiming all territory north of the Columbia River. This policy influenced the location of Fort Vancouver, placed on the northern bank of the Columbia.
On his second visit to Fort Vancouver in the 1828 through 1829, George Simpson found the area quite promising for further agricultural ventures. Simpson sent his cousin Lt. AEmilius Simpson on the Cadboro to the
If the Hudson's Bay Company could provide the Russians with the supplies they were accustomed to purchase from American ships, one of the supports for American competition in the coastal fur trade would be removed.[1]
"The Oragon Beef & Tallow Company"
The Alta Californian hide and tallow trade greatly influenced John McLoughlin. In 1832 he proposed that HBC officers and employees in the Columbia Department should create a new joint stock company to purchase several hundred cattle from Alta California. Called "The Oragon Beef & Tallow Company," as McLoughlin told his superiors, it was formed "with the view of opening from the Oragon Country an export trade with England and elsewhere in tallow, beef, hides, horns, &c."[1] If the cattle were gathered from Alta California in 1833, McLoughlin projected Fort Vancouver area to have a herd of over 5,000 by 1842. Additionally, he pointed out favorable locations to host these numerous bovines. The valleys of the Willamette, Cowlitz and Columbia were all deemed as appropriate to host upwards of half a million livestock.[1]
The proposal was immediately derided and denied by the HBC governing committee. They feared that if the Oragon Beef and Tallow Company were successful then HBC employees would quit the
Creation
While the proposed livestock project languished, the HBC pushed for a renewal of its
Throughout the summer and fall of 1838, the HBC held multiple conferences in London. Among those present were
RAC-HBC Agreement
Besides considerations about Americans, the company agreed to again pursue a supply contract with the
Created to bypass its license to only participate in the fur trade, the PSAC was overseen and staffed with HBC employees. In this way, the PSAC would protect HBC board members and shareholders from accusations and suits resulting from violations of the HBC charter. Besides meeting the new obligations with the Russians, the PSAC was conceived to support British claims in the
Labor recruitment
Starting with
The failure to get any Willamette farmers to relocate didn't deter the HBC administration. According to the plans established in September 1839, by 1841 the PSAC would have enough of a material basis to begin sending families from Scotland. The invited families would be each given a house and about 100 acres of land already cleared, but notably these families wouldn't be given legal ownership of the farmsteads. Additional terms offered each interested family "twenty cows, one bull, 500 sheep, eight oxen, six horses and a few hogs," in addition a year's supply of foodstuffs.[5] Despite these considerations, the company never received applicants due to a combination of no advertisement campaigns for the deal and successful farmers in Scotland not finding the offered deal worthwhile.
Red River colonists
The only successful source of early colonists for the PSAC would come from the
Finding many families unwilling to sign provisions, Finlayson felt pressure to get a number of willing emigrants as previously ordered. Without the approval of Simpson, Pelly or the Committee, he announced that the farmers could be able to purchase the farmlands they would work on around Cowlitz Farm. This new clause came with a major stipulation, as Finlayson later explained to his superiors. The sales would happen only if the Oregon Question was settled with British receiving the northern bank of the Columbia River, rather than a direct continuation of the 49th parallel.[6]
Overland to Fort Vancouver
While on a world tour of company assets, Simpson met the party near
Going through
Time with PSAC
Despite the far reaching and extensive plans of Simpson and Pelly, the Red River families didn't act as planned. At Fort Vancouver, fourteen families were relocated to
Operations
During its initial years the company had occasionally had to purchase wheat from other sources to meet the RAC demands. In 1840 John McLoughlin had to purchase 4,000 bushels of wheat from Alta California to supplement produce made by the PSAC.[9] During the 1840s pastoral and agricultural produce shipped to New Archangel annually consistently was 30,000 lbs of beef and from 40,000 to 80,000 lbs of wheat.[9] Governor Arvid Etholén praised wheat produced by the PSAC as "incomparably cheaper" than produced bought from American merchants and being of "the best quality."[10] Despite the PSAC's initial growth, its principal manager, John McLoughlin didn't hold a favorable view of the venture. In a letter written to Douglas prior to the 1838 London meetings, McLoughlin criticized what eventually became the PSAC:
"I will take this opportunity to state it is my opinion that, though I think individuals who would devote their attention to raising cattle in the Columbia might make a living at it still it is my opinion the Hudson's Bay Company will make nothing by it."[11]
The Oregon Treaty
The Oregon Treaty that was negotiated in between Great Britain and the United States and went into effect in July 1846 upon the exchange of ratifications settled the Oregon question.[12] This treaty had specific provisions regarding the Puget Sound Agricultural Company in Article IV, namely that the United States would respect PSAC property but had the right to purchase any of the properties.[12]
Later years
In 1863, Great Britain and the United States agreed to arbitrate the disposition of the PSAC properties in US territory.[4] The PSAC was awarded $200,000 in compensation in 1869 for all of its properties south of the Canadian-US border as spelled out in the Oregon Treaty.[4] Meanwhile, the company’s operations had shifted north, including agricultural ventures on Vancouver Island.[13] In 1934 the company ceased to be listed on the stock exchange.[13]
See also
Citations
- ^ a b c d Galbraith 1954, pp. 234–236.
- ^ Galbraith 1954, p. 238.
- ^ a b c Galbraith 1954, pp. 239–241.
- ^ a b c "The Puget Sound Agricultural Company". Hbc Heritage. Hudson’s Bay Company. Retrieved 2007-01-17.
- ^ a b c Galbraith 1954, pp. 247–249.
- ^ a b c d e f Galbraith 1954, pp. 252–255.
- ^ a b Simpson 1847, p. 62.
- ^ Jackson 1984, p. 280.
- ^ a b Gibson 1985, pp. 94–95.
- ^ Gibson 1985, p. 107.
- ^ Galbraith 1954, p. 241.
- ^ a b LexUM (1999). "Treaty between Her Majesty and the United States of America, for the Settlement of the Oregon Boundary". Canado-American Treaties. University of Montreal. Retrieved 2007-01-12.
- ^ a b "IV. Fort Vancouver: Vancouver Barracks, 1861-1918". Fort Vancouver. National Park Service. Retrieved 2007-01-17.
Bibliography
- Galbraith, John S. (1954), "The Early History of the Puget's Sound Agricultural Company, 1838-43", Oregon Historical Quarterly, 55 (3), Portland, OR: Oregon Historical Society: 234–259
- Gibson, James R. (1985), Farming the Frontier, the Agricultural Opening of the Oregon Country 1786-1846., Vancouver, B.C.: University of British Columbia Press
- Jackson, John C. (1984), "Red River Settlers vs. Puget Sound Agricultural Company, 1854-55", Oregon Historical Quarterly, 85 (3), Oregon Historical Society: 278–289
- Simpson, George (1847), An Overland Journey Round the World, during the Years 1841 and 1842., Philadelphia: Lea and Blanchard