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At length a majority seemed satisfied that the traffic on the coast of Hudson's-bay could not be preserved without forts and settlements, which must be maintained either by an exclusive company, or at the public expense; and, as this was not judged a proper juncture to encumber the nation with any charge of that kind the design of dissolving the company was laid aside till a more favourable opportunity.
Petitions, that the trade of Hudson's-bay might be laid open, were presented to the house by the merchants of London, Great Yarmouth, and Wolverhampton; and a committee was appointed to deliberate upon this subject. On the other hand, the company exerted themselves in petitions and private applications for their own preservation.
On this occasion, Louis was charged with having ambitiously invaded the territories of the emperor, and denounced war against the allies of England, in violation of the treaties confirmed under the guarantee of the English crown; with having encroached upon the fishery of Newfoundland, invaded the Caribbee Islands, taken forcible possession of New-York and Hudson's-bay, made depredations on the English at sea, prohibited the importation of English manufactures, disputed the right of the flag, persecuted many English subjects on account of religion, contrary to express treaties and the law of nations, and sent an armament to Ireland, in support of the rebels of that kingdom.
The next regulation proposed in favour of trade, was that of laying open the commerce of Hudson's-bay, in the most northern parts of America, where a small monopoly maintained a few forts and settlements, and prosecuted a very advantageous fur trade with the Indians of that continent.
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