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Updated: June 18, 2025
Now, however; that buffalo can no longer be procured in numbers, the Upper Saskatchewan becomes more than ever a burden to the Hudson Bay Company; still the abandonment of it by the Company might be attended by more serious loss to the trade than that which is incurred in its retention, Undoubtedly the Saskatchewan, if abandoned by the Hudson Bay Company, would be speedily occupied by traders from the Missouri, who would also tap the trade of the richer fur-producing districts of Lesser Slave Lake and the North.
For this reason, or the mere desire to have a proportion of this fur-producing country, the Emperor Paul, in 1799, created a Russian Chartered Company to occupy the Alaska and north Columbian coasts. The Russian Company was allowed to claim the north Columbian coast between Alaska proper and Queen Charlotte Islands.
By degrees before the end of the century almost every place of any importance, in the fur-producing country, saw the two rival forts built within a mile or two of each other. Shortly before the end of the 18th Century, the "Nor'-Westers" came into the Red River Valley and built one or two forts near the 49th parallel, N. lat. the U.S. boundary of to-day.
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