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Partly-printed DS as president, one page, 8 x 9.75, March 2, 1864. President Lincoln authorizes and directs "the Secretary of States to affix the Seal of the United States to my ratification of a Treaty with Great Britain for the final settlement of the claims of the Hudson's Bay and Puget's Sound Agricultural Companies, signed on the first day of July last, which ratification is dated this day." Boldly and neatly signed at the conclusion in ink by President Abraham Lincoln. In very good to fine condition, with light stains to the top edge, and a small chip to the left edge.
The Hudson's Bay Company was formed in 1670 and at first enjoyed 'the sole trade and commerce of all those seas, straits, bays, rivers, lakes, and sounds…that lie within the entrance of the straits commonly called Hudson's straits' as well as title to vast areas of land. However, by the late 18th century the Hudson's Bay Company could no longer hold their monopoly against other trading interests.
In the year 1838 a decision was made to break off the agriculture branch in the Northwest. The 'Puget Sound Agriculture Company' was the resulting spinoff company even though the stockholders were also stockholders of the Hudson Bay Company. By the Treaty of 1818, which established the northern boundary of the United States, the national control of the area was shared by the United States and Great Britain. However, by the Treaty of 1846, the United States took over sole control of the area. To settle the claims of the Puget Sound Agriculture Company caused by the transfer of sovereignty, the United States concluded a treaty with Great Britain to pay a total of $325,000.00 to the stockholders of the companies.
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