Page 26 - Merchants and Mandarins China Trade Era
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12.
sailed from New York, Boston merchants quickly ventured into
the East India trade. These entrepreneurs possessed large
capital reserves, great resources, and the advantages of an
excellent harbor. Instead of looking eastward, they despatched
their vessels southward along the coast of Spanish America,
around Cape Horn, and on to Canton through the Pacific Ocean.
The merchants of Boston developed the trade to China with fur
from the South Seas and the Northwest Pacific Coast of North
America.
American vessels first arrived to trade for furs on
1
the Northwest Coast in the 1780 s. This fur trade developed as
a corollary to the American China trade. In 1781 the British
explorer Capt. James Cook had published journals of his voyage
to the Pacific Ocean. In the early years of the China trade
Boston merchants began searching for articles besides ginseng
to trade at Canton. Aware of a market for furs in China from
the reports of returning Americans, an association of Boston
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merchants headed by Joseph Barrell, in 1787 despatched two
11
vessels, Capt. John Kendrick on the ship Columbia 11 and Capt.
Robert Gray on the sloop "Lady Washington," around Cape Horn
to trade for furs on the Northwest Coast. Because of bad
weather conditions both at Cape Horn and on the Northwest Coast,
the two vessels were not able to collect enough pelts to fill
12
The six merchants includPd J. Barrell, S. Brown, C.
Bullfinch, J. Derby, C. Hatch and J.M. Pintard. A cormnemorative
11
medal was struck for the occasion and put aboard the "Columbia to
be carried around the world. The origins of this voyage and an
illustration of the medal are in Robert Greenhow, A History of
Oregon and California and Other Territories of the Northwest.
(Boston, 1844), pp. 179-81, and Hubert Howe Bancroft, History of
the Northwest Coast (2 vols.; New York, 1884), I, 185-87.