Note 25 — Chapter XIII · 1689-1696.
Reading edition
Although by this action the French Court directly participated in and lent its support to the hostilities against the English, yet to all intents and purposes the war was between two commercial corporations.
The ruling spirits of the Northern Company were not unaware of the importance and power of the enemy they had to deal with. In a pamphlet published in France in 1692 there is amusing testimony to the consideration in which the London Company was held by the French.
"It is composed," says this authority, "of opulent merchants and noblemen of the first quality; and it is known that the King himself is part proprietor, having succeeded to that emolument with the other belongings to King James II. So great are its profits that each member is worth at least £5,000 English sterling above what he was before he embarked in the fur traffic. There can be no secrecy about its intention, which is to subvert and subjugate the whole northern Country to its sway."