Alexander Henry The Elder - Montreal, The Chinese Fur Trade and The Cuyahoga Purchase

Montreal, The Chinese Fur Trade and The Cuyahoga Purchase

Henry had made a prominent name for himself, and from 1781 he settled in Montreal as a general merchant. He was still very much attached to the fur trade with occasional trips made to Detroit or Michilimackinac, and particularly the latter when he sustained heavy losses following the conclusion of the American Revolution. In 1785, Henry with seventeen of the other most prominent fur traders was a founding member of the Beaver Club at Montreal.

During the mid 1780s Henry encouraged a friend in New York, William Edgar (1736–1820), to enter the trade in furs with China. Fascinated by the prospects offered by the Pacific coast, Henry passed on his ideas, which he called "my favorite plan," to New York merchant John Jacob Astor. He introduced Astor into the Canadian trade and Astor was Henry's guest during his annual visits to Montreal. In the 1790s, Henry and Astor assisted Simon McTavish and the North West Company in organizing shipments of furs to China. In 1792, a fur trade partnership between John Forsyth, Jacob Jordan and Alexander Ellice attempted to entice Henry and Peter Pond to join them in opposition to the North West Company.

During the 1790s, Henry and another close friend, John Askin, were interested in land speculation in Ohio. One of their ventures, known as the Cuyahoga Purchase, came to naught when the Ohio Indians from whom the land had been acquired at the end of the Northwest Indian War refused to bring forth their land claims at the Treaty of Greenville. The deeds which had been obtained by Henry and his associates were considered invalid, causing Henry to moan, "We have lost a fortune of at least one million of dollars."