Formation of The Canadian Pacific Navigation Company
By 1882, the Pioneer Line had vanquished most of its competitors on the run up the Fraser River from New Westminster. Irving's major rival at the time of the launch of Rithet was Captain William Moore, who ran Western Slope under contract with the Hudson's Bay Company ("HBC") across the Strait of Georgia from New Westminster to Victoria. Moore went into bankruptcy, and Irving and Rithet then joined with Alexandro Munro, HBC chief factor and other prominent businessmen to incorporate the Canadian Pacific Navigation Company ("C.P.N."). HBC contributed three of its vessels, and Irving contributed four, including R.P. Rithet.
Read more about this topic: R.P. Rithet (sternwheeler)
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