That A North-
West Wind Made The Highest Tides." Captain Carruthers Said, "That He
Don't Apprehend There Is Any Such
Passage; but if there is, he thinks
it impracticable to navigate it on account of the ice; that he would
Rather choose to go round by Cape Horn; and that it will be impossible
to go and return through such passage in one year; and he thinks 'tis
the general opinion of seamen that there is no such passage." Mr. John
Tomlinson, merchant, of London, said, "He was a subscriber to the
undertaking for finding a North-west Passage; which undertaking was
dropped for want of money: that he should not choose to subscribe again
upon the same terms; that he cannot pretend to say whether there is
such a passage or not, or whether, if found, it could be ever rendered
useful to navigation."
The merchant witnesses were in favour of throwing open the trade of
Hudson's Bay; and this Mr. Tomlinson said more ships would be sent, and
more people brought down to trade. "This is confirmed," he said, "by
the experience of the Guinea trade, which, when confined to a company,
employed not above ten ships, and now employs 150;" and "that the case
of the Guinea trade was exactly similar (to the Hudson's Bay), where
the ships near one another, and each endeavours to get the trade; and
the more ships lie there, the higher the price of negroes."
The capital of the Hudson's Bay Company, increased by doublings and
treblings of its nominal amount, was, in 1748, 103,950l., held
by eighty-six proprietors.
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