Fanning & Coles
Encyclopedia
Fanning & Coles engaged in the China
trade from 1798 to 1815. The firm owned large sailing ships and acted as commission merchants importing $40,000 of Tea per year to New York
from Canton, China. The firm also traded seal skins gathered from South America
and the Pacific ocean while sailing to China. On the 1798 voyage of the Betsey they caught 100,000 seals which were sold in China. On several voyages they discovered new uncharted islands such as Fanning Island and Palmyra Atoll
. The firm built the 290 ton Tonquin
. The firm sold the Tonquin to John Jacob Astor
's Northwest Trading Company for $37,000 in 1810. The Tonquin was sent to the Northwest to trade furs. The Indians burned the ship and killed the crew.
The partners were Edmund Coles famous sea captain and Willet Coles ran the shipping office. Willet Coles was also a NY Distiller, listed in 1811 as a founding member of a group that chartered the original Bank of America in NY.
Sources are the books written by Edmund Fanning
on the voyages of the Betsey, national archives of the usa, presidential documents of Jefferson, Monroe and Madison.
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
trade from 1798 to 1815. The firm owned large sailing ships and acted as commission merchants importing $40,000 of Tea per year to New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
from Canton, China. The firm also traded seal skins gathered from South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...
and the Pacific ocean while sailing to China. On the 1798 voyage of the Betsey they caught 100,000 seals which were sold in China. On several voyages they discovered new uncharted islands such as Fanning Island and Palmyra Atoll
Palmyra Atoll
Palmyra Atoll is an essentially unoccupied equatorial Northern Pacific atoll administered as an unorganized incorporated territory by the United States federal government...
. The firm built the 290 ton Tonquin
Tonquin
The Tonquin was an American merchant ship involved with the Maritime Fur Trade of the early 19th Century. The ship was used by John Jacob Astor's Pacific Fur Company to establish fur trading outposts on the Northwest Coast of North America, including Fort Astoria at the mouth of the Columbia River...
. The firm sold the Tonquin to John Jacob Astor
John Jacob Astor
John Jacob Astor , born Johann Jakob Astor, was a German-American business magnate and investor who was the first prominent member of the Astor family and the first multi-millionaire in the United States...
's Northwest Trading Company for $37,000 in 1810. The Tonquin was sent to the Northwest to trade furs. The Indians burned the ship and killed the crew.
The partners were Edmund Coles famous sea captain and Willet Coles ran the shipping office. Willet Coles was also a NY Distiller, listed in 1811 as a founding member of a group that chartered the original Bank of America in NY.
Sources are the books written by Edmund Fanning
Edmund Fanning
Edmund Fanning was an American explorer and sea captain, known as the "Pathfinder of the Pacific."-Life:...
on the voyages of the Betsey, national archives of the usa, presidential documents of Jefferson, Monroe and Madison.