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Vair and the furs of Siberian squirrels were prohibited at the middle of the 12th century.
In 1553 Russia founded several establishments in the northern steppes, and England lost no time in following her example. The trade in sables, ermines, and beavers, was carried on through the agency of the Samoiedes; but during the reign of Elizabeth, a royal decree restricted the use of costly furs to such an extent, that for several years this branch of industry was completely paralysed.
On the 2nd May, 1670, a licence to trade in furs in the Hudson’s Bay Territory was granted to the Company, which numbered several men of high rank amongst its shareholders : the Duke of York, the Duke of Albemarle, the Earl of Shaftesbury, &c. Its capital was then only £8420. Private companies were formidable rivals to its success; and French agents, making Canada their headquarters, ventured on hazardous but most lucrative expeditions. The active comp
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