Tue Younc Fur-TRADER 21 been proved by his two years’ experience in the Churchill district. His enterprise and foresight soon made him easily the chief among all the wintering partners, although his experience was short and his age not yet thirty. The New Company had won its battle; three out of its four remaining partners became partners in the North West Com- pany. Mackenzie had, by a successful short- cut, reached a position which might have taken him eight or ten years to gain if he had started in the service of the North West Com- pany. ‘The price, however, had been heavy; he and his associates had been plunged deep in debt; but, as usual, the Indians were the chief sufferers. In the reallotment of posts which followed the union he was given the most important and difficult department of all, Athabaska. It was a position which required tact as well as enterprise, for Pond was still in the district and still a partner in the company. Mackenzie’s first task was to get his canoes to their destination before the ice closed the rivers. He followed the regular route of the a eee