New York Colonial Documents, Vol.

IX.]

After this date the English and the French frequently came into hostile collision in Hudson's Bay. In 1686 King James demanded satisfaction from France for losses inflicted upon the Company. Then the Jesuits procured neutrality for America, and knew by that time they were in possession of Fort Albany. In 1687 the French took the "Hayes" sloop, an infraction of the treaty. In 1688 they took three ships, valued, in all, at L. 15,000; L. 113,000 damage in time of peace. In 1692 the Company set out four ships to recover Fort Albany, taken in 1686. In 1694 the French took York, alias Fort Bourbon. In 1696 the English retook it from them. On the 4th September, 1697, the French retook it and kept it. The peace was made September 20, 1697. [Footnote: Minutes Relating to Hudson's Bay Company.] In 1680 the stock rose from L. 100 to near L. 1,000. Notwithstanding the losses sustained by the Company, amounting to L. 118,014 between 1682 and 1688, they were able to pay in 1684 the shareholders a dividend of fifty per cent. Radisson brought home in 1684 a cargo of 20,000 beaver skins. Oldmixon says, "10,000 Beavers, in all their factories, was one of the best years of Trade they ever had, besides other peltry." Again in 1688 a dividend of fifty per cent was made, and in 1689 one of twenty-five per cent. In 1690, without any call being made, the stock was trebled, while at the same time a dividend of twenty-five per cent was paid on the increased or newly created stock.

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