did she leave behind? did she not, by virtue of Astor's private instructions to her captain, carry everything off that was worth carrying off? Has not the same line of policy been pursued in the case of the Beaver? And this year there is no ship at all! Has it not been obvious from the beginning, that under Astor's policy we can never prosper? and, besides, there are other untoward matters over which Mr. Astor had no control, such as the delay of the Beaver, the absence of Mr. Hunt, our formidable rivals the North-West Company, and, to crown all, the declaration of war.
"Now, gentlemen, all these inauspicious circumstances taken together point out, in my opinion, the absolute necessity of abandoning the enterprize as soon as possible. We owe it to Astor—we owe it to ourselves; and our authority for adopting such a course is based on the 15th and 16th articles of the copartnership, which authorize us at any time within the period of five years to abandon the undertaking, should it prove impracticable or unprofitable. Not, gentlemen, that there is any fault in the country—no country, as to valuable furs, can hold out better prospects; but Astor's policy, and a chain of misfortunes, have ruined all. Astor, with all his sagacity, either does not or will not understand the business. The system we were bound to follow was {246} bad, and that system we cannot alter; so that we are bound in honour to deliver the whole back into the hands from which we received it—and the sooner the better." These representations, stamped with the authority of experience, had the desired effect; the resolution to abandon the country was adopted, and Messrs. Stuart and Clarke gave it their cordial consent: as it was now too late to carry it into execution this year, it was postponed till the next;
