ESSE 156 Sir ALEXANDER MACKENZIE and could make use of the Chinese market; the North West Company had been offered tempt- ing terms by Astor to join with him, to accept the sovereignty of the United States, and to get rid in this way of the disabilities attending trade by British subjects. It was fair that the Company, crippled by old monopolies, should in return receive special privileges. The application was several times repeated, and a pamphlet lauding the achievements of the Company was printed in its support. No charter, however, resulted; the government baulked at the grant of a monopoly, and the proposal dropped. For some time Mackenzie had been fol- lowing another line of approach. Even failing a charter, the union of the North West Com- pany with the Hudson’s Bay Company would create such a strong combination that his aims might be realized. The Hudson’s Bay Com- pany’s shares were purchasable, and it was not flourishing. Mackenzie’s new plan was to get control by buying a majority of the stock, and so to bring about a peaceful union. In 1804 Ellice, one of Mackenzie’s partners,