independent traders have to live, and a fair margin of profit has to be found for the shareholders of two trading companies, after paying the salaries of their local employés. In 1899, however, the export of copra reached the unusual figure of seven hundred tons, and the island was passing rich.
The first trader to settle in the island was the late Mr. H. W. Patterson, who came from Samoa in 1866 as agent for Messrs. Godefroy and Son, of Hamburg. For some years this famous firm had almost a monopoly of the trade of the Pacific. In 1866, owing to the American civil war, kidney cotton fetched 20 cents a pound. The export from Niué increased year by year until 1880, when it fell to 7 cents. For a brief period it advanced to 10 cents, and then it fell so low that it is not worth growing. Mr. R. H. Head, who landed in January, 1867, began to trade as agent for the notorious Bully Hayes, pirate and blackbirder. He was the first to buy fungus, which reached its highest export about 1880. Copra, which was not manufactured until 1877, is now almost the only export.
At present the cocoanuts planted on Niué consist of a strip along the western coast that widens into patches on the sites of the villages.
