Castorologia, Or the History And Traditions of the Canadian Beaver

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At some points the entire collection of furs is at once assumed by the company, for which they give beaver tokens, and these in their turn are soon transferred to the company, for the various wants of the trapper.
CASTOROLOGIA. IO7 The exact details of this method of trading, form part of the re- cords of an enquiry instituted many years ago, to ascertain how the Hudson's Bay Company could do justice to the Indian, and still pay dividends of over fifty per cent, per annum. It was explained that
... the Company put only a fair advance on the cost laid down in each " Post," " Fort" or " Factory" of all such goods as came under the heading of necessaries ; but for luxuries they felt justified in charging all the Indian could afford to pay, so that they did him no injustice by taking a beaver skin, worth twelve shillings in ex- change for a colored cotton handkerchief, which originally only cost a couple of pennies. The records describe the mode of trading as follows : "An Indian arriving at one of the Company's establishments with a bundle of furs, which he intends to trade, proceeds, in the first instance, to the trading room ; there the trader separates the furs into lots, and, after adding up the amount, delivers to the In- dian a number of little pieces of wood indicating the number of made-beaver to which his hunt amounts.

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