Page 26 - Merchants and Mandarins China Trade Era
P. 26

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
                                                                         12
                      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.
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