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f a figment of the imagination and no one knew that better than the Company itself. It still retained its monopoly nominally, but it made very little effort to restrain the half-breed and other "free traders" who opened up stores and bartered for furs with the Indians. In any case in one form or other all the trade of the country practically came, in the last analysis, through the Hudson's Bay Company, who controlled the money market by having their own bills in circulation. But the

f a figment of the imagination and no one knew that better than the Company itself. It still retained its monopoly nominally, but it made very little effort to restrain the half-breed and other "free traders" who opened up stores and bartered for furs with the Indians. In any case in one form or other all the trade of the country practically came, in the last analysis, through the Hudson's Bay Company, who controlled the money market by having their own bills in circulation. But the