Mr. Barens professed that the Company had at all times been
willing to entertain any proposal that might be made to them for the
surrender of any of their rights or of any portion of their territory;
but he regarded it as one thing to consent for a consideration to be
agreed upon to the surrender of admitted rights, and quite another to
volunteer a consent to an inquiry which should call those rights in
question.
A result of this correspondence has been the definite refusal of the
Crown to renew the exclusive license to trade in Indian territory.
The license had been twice granted to the Company, under an act of
Parliament authorizing it, for periods of twenty-one years,--once
in 1821, and again in 1838. It expired on the 30th of May, 1859. In
consequence of this refusal, the Company must depend exclusively upon
the terms of their charter for their special privileges in British
America. The charter dates from 1670,--a grant by Charles II. to Prince
Rupert and his associates, "adventurers of England, trading into
Hudson's Bay,"--and is claimed to give the right of exclusive trade and
of territorial dominion to Hudson's Bay and tributary rivers.
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