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II. HISTORY OF THE SUBJECT LOTS--1804-66 A. Jacob Bright and Company on the Arkansas To secure financial backing for his trading house on the Arkansas, Bright formed a partnership with Benjamin Morgan of New Orleans. Morgan was an important and wealthy member of the growing Anglo-Saxon community in New Orleans. In February 1804 he was one of the incorporators of the city's Bank of Discount, Deposit and Exchange, and on July 16, 1805, he was elected president of the Bank of the United States, of New Orleans. Morgan was also close to Governor Claiborne, and on September 1, 1807, he was appointed territorial secretary, an office he held until October 15. In addition to his banking interests, Morgan also owned several ships. A public-spirited individual, he took the lead in securing the paving of the New Orleans streets.[2] Jacob Bright, having secured a franchise and a wealthy partner, traveled to Post of Arkansas. There he bought out the trading house owned by Louis Jordella. Besides Jordella's good will, Bright and Company secured a one-acre lot. Located on the subject lot was a house and probably other improvements.[3] Undoubtedly, Bright and Company erected other structures on the subject lot, because it promptly became the largest and most important trading house on the Arkansas River. Jordella, having sold out, went to work for Bright and Company. 2. Bright and Company Dominate the Arkansas River Trade On reaching Post of Arkansas in September 1805, Treat found that the trade had been engrossed by nine or ten "persons resident at the post, and 2 or 3 Frenchmen who annually descend the Wabash, having obtained their goods at Detroit." He learned that the amount of capital employed by his rivals was nearly $50,000, "about the half of which is engaged by the House of Bright and Company (an establishment transferred from the Chickasaw Bluffs about two years ago) connected also with a House in New Orleans, and probably with another place in Philadelphia." His other competitors, Treat reported, could be divided into three classes: those who employed from $4,000 to 5,000 each; those in the $3,000 class; and finally those that annually did from $2,000 to $1,500 business.[4] b. Cutthroat Competition Shortly after his arrival at Post of Arkansas, Treat was distressed to learn that the Factory's only serious competitor, Bright and Company, had secured on September 27, 1805, from Secretary of War Dearborn, the right of "free trade throughout the whole extent of the Arkansas river for two years." Bright accordingly organized an expedition and prepared to start up the river to trade with the Osage. Such action on the part of the Secretary jeopardized the success of the Factory, because Bright and Company, certain that profits from their Osage venture would be great, had drastically cut prices at Post of Arkansas. Treat feared that Bright and Company would soon be underselling the Factory. Until October 1805, the Factory's prices had been one-third less than those demanded by Bright and Company.[6] In the spring of 1806, several vessels, including the barge Hope and the flatboat Necessity, left Post of Arkansas for New Orleans, with packs of peltries and furs. Sixty of these packs belonged to the United States Factory, which placed it fourth in quantity of packs forwarded. Bright and Company had shipped the lion's share, having loaded out 267 packs of deerskins, 1,500 pounds of beaver pelts, 930 pounds of bearskins, 12 packs of small furs, 72 packs of assorted hides, and a considerable quantity of oil and tallow. The next largest shipper had sent out about 100 packs. Treat warned his superiors in Washington and Philadelphia that Bright and Company was continuing to engross much of the trade at the Post, and aided by their franchise would monopolize the Osage trade.[7] Secretary of War Dearborn on April 29, 1806, assured Treat that the administration had not intended to give Bright and Company any advantages over competitors. Treat was authorized to notify the other traders that it was not proposed "to give anyone any exclusive privileges," and the "old trading settlers may have licenses to prosecute their trade up the Arkansas river." Moreover, the Secretary did not believe that Bright and Company should be permitted to keep a store at the Post to trade with the Indians. Treat was therefore authorized to grant licenses to "such of the inhabitants of Arkansas as you may judge suitable characters to trade with the Indians ... taking suitable bonds for their proper conduct, especially prohibiting the sale of any ardent spirits."[8] The Secretary's statement that Bright and Company should not be allowed to operate a store at Post of Arkansas perplexed Treat. If this were true, Treat wanted instructions how to proceed in this matter.[9] 3. Bright's Expedition to the Osage Village. By September 1 the recipient of the $3,000 credit returned to Post of Arkansas, with about 9,000 skins for Bright and Company. Having made his delivery, he returned to the woods with 115 hunters. [11] Meanwhile, Bright's party had ascended the Arkansas for a distance of several hundred miles. Finding a likely looking site in the country of the Osage, they landed and started to build a cabin for a trading post. On August 3, 1806, Bright and his companions stopped work when they heard two guns discharged. About one-half hour later, they sighted “a tall and soldierly looking man, with a coat faced with red" ride into view. He fired his musket into the air, and it was followed by other shots by those to his rear who could not be seen. This bold warrior followed by several hundred others approached to within 20 yards of the traders and dismounted. After the chiefs had assembled, they advanced with Clermont in front. Clermont took position on Bright's right, and gave orders for his people "to falloff right and left ...to give room for them all to come in. They then seated themselves on some skins which they had thrown on the ground for that purpose” to receive presents of tobacco and to smoke. Bright gave each Indian a dram of whiskey, which most of them drank.[12] On Monday, the 4th, Bright conferred at length with the Osage chiefs. By the 9th all the Osage except four had returned to their village. These warriors were to guide the traders to their village and to hunt for them as they ascended the Arkansas. The keelboat had been loaded by 1 p.m., and they cast off. Bright's party tied up and camped for the night at the head of a sand bar. At dawn on August 10, they were attacked by a war party, whom some of the traders believed were Choctaw. In the first volley one of the Osage hunters was killed and the other three fled. The Choctaw kept up their fire for about 15 minutes. They then ceased shooting and withdrew. When he mustered his force, Bright found that besides the Osage, the score of attackers had killed two of his men, Louis Jordella and Augustine Strong. Jordella, in attempting to escape by swimming the Arkansas, had been shot. The loss of Jordella was a severe blow. A native of Post of Arkansas, and an experienced trader and hunter, he had been placed by Bright in charge of the Osage trading house. Jordella was in the prime of life, and possessed of both modesty and integrity, and his loss would be a blow to the community, as well as the company.[13] Before returning to Arkansas Post in November 1806, Bright established a trading house near Clermont's village. In February 1807, when the Osage were absent, the trading house was besieged by Choctaw, angered because Bright and Company had been selling firearms and ammunition to the Osage.[14] 4. The Death of Jacob Bright b. Bright's Journal
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