During the mid-1780s Henry encouraged a friend in New York, William Edgar (1736–1820), to enter the trade in furs with China. Fascinated by the prospects offered by the Pacific coast, Henry passed on his ideas, which he called "my favorite plan," to New York merchant John Jacob Astor. He introduced Astor into the Canadian trade and Astor was Henry's guest during his annual visits to Montreal. In the 1790s, Henry and Astor assisted Simon McTavish and the North West Company in organizing shipments of furs to China. In 1792, a fur trade partnership between John Forsyth, Jacob Jordan and Alexander Ellice attempted to entice Henry and Peter Pond to join them in opposition to the North West Company.