Note 5 — Chapter I · 1660-67.

"Several noblemen and other public-spirited Englishmen, not unmindful of the discovery and right of the Crown of England to those parts in America, designed at their own charge to adventure the establishing of a regular and constant trade in Hudson's Bay, and to settle forts and factories, whereby to invite the Indian nations (who live like savages, many hundred leagues up the country), down to their factories, for a constant and yearly intercourse of trade, which was never attempted by such settlements, and to reside in that inhospitable country, before the aforesaid English adventurers undertook the same."—Company's Memorial, 1699.