Item FC 3212 K44 030.032 - 1830 Assignment of stock, McGillivray to Ellice

• Textual record

Folio measuring 16.5" x 10", folded to 8.5" x 4", made of twelve sheets of paper watermarked "Weatherley 1829" and stitched together.

This is Edward Ellice's copy of an indenture between John Richardson, George Gregory and Samuel Gerrard of the First Part, Simon McGillivray of the Second Part, and Edward Ellice of the Third Part.

Docket reads: "Dated 29 Sept 1830, The trustees of Simon McGillivray Esq & the said Simon McGillivray to Edwd Ellice Esq, Copy Assignment of Hudsons Bay Stock and other Trust Effects in consideration of £110,000 [line] 1700. Norman Bethune Tutor Pltf vs. The Right Honourable Edward Ellice Defdt., Defendants Exhibit No.4 Filed Feb. 20th 1839 [signature illegible]."

From notes provided by the donor: "This indenture between John Richardson and George Gregory (formerly of the XY Company and North West Company), Simon McGillivray (formerly of the North West Company), and Edward Ellice (formerly of Phyn, Ellices and Inglis of Schenectady and the North West Company, and later of the Hudson's Bay Company) details the arrangements made regarding the financial interests of those holding title in the consolidated fur trade concern (formerly that of the North West Company and the Hudson's Bay Company).

Throughout the document, many details are given with respect to share and stock allocations to individual traders and trading groups. The docket states that this document was used as "Defendant's Exhibit No. 4" in a litigation filed 20 Feb. 1839, naming Norman Bethune as plaintiff and Edward Ellice as defendant. Edward Ellice stands out as one of the main players in bringing about the union between the North West Company and the Hudson's Bay Company. Upon the failure of McTavish, McGillivrays and Company in 1825, he became the only one who stood between the Hudson's Bay Company and the claims of discontented members of the North West Company. As a result, Ellice became involved in the series of litigations which lasted for 25 years. Norman Bethune was among the many people seeking financial compensation through Ellice."