After the Hudson’s Bay Company’s monopolistic property lease expired in 1842, Peter McLeod, Jr. and his partner William Price decided to build a flour and saw mill in Secteur du Bassin at the terminus of the Chicoutimi River. Employees were paid in “pitons” redeemable for goods at Price’s store. This doubled as his office. In 2009, the historic property of the William Price Company was restored and became Maison Price (Price House). Today, it operates as a youth hostel named L’Auberge Jeunesse de Saguenay.