from Canada. As Mr. Astor's means increased, he made annual visits to
Montreal, where he purchased furs from the houses at that place engaged
in the trade. These he shipped from Canada to London, no direct trade
being allowed from that colony to any but the mother country.

In 1794 or '95, a treaty with Great Britain removed the restrictions
imposed upon the trade with the colonies, and opened a direct commercial
intercourse between Canada and the United States. Mr. Astor was in
London at the time, and immediately made a contract with the agents of
the Northwest Company for furs. He was now enabled to import them from
Montreal into the United States for the home supply, and to be shipped
thence to different parts of Europe, as well as to China, which has ever
been the best market for the richest and finest kinds of peltry.

The treaty in question provided, likewise, that the military posts
occupied by the British within the territorial limits of the United
States, should be surrendered. Accordingly, Oswego, Niagara, Detroit,
Michilimackinac, and other posts on the American side of the lakes, were
given up. An opening was thus made for the American merchant to trade on
the confines of Canada, and within the territories of the United States.
After an interval of some years, about 1807, Mr. Astor embarked in this
trade on his own account. His capital and resources had by this time
greatly augmented, and he had risen from small beginnings to take his
place among the first merchants and financiers of the country. His
genius had ever been in advance of his circumstances, prompting him
to new and wide fields of enterprise beyond the scope of ordinary
merchants. With all his enterprise and resources however, he soon found
the power and influence of the Michilimackinac (or Mackinaw) Company too
great for him, having engrossed most of the trade within the American
borders.