soil, dispose of it to the colonists in any manner they think best. A portion of the land in the colony is held from Lord Selkirk, who first founded the settlement.

"Now, however, the company drew up a new land deed, which all were compelled to sign who wished to hold any land in the settlement."

This new land deed, above referred to, is too lengthy and verbose to be given entire; therefore we will only copy such parts as bind the settlers not to infringe upon the supposed chartered rights of the Hudson's Bay Company.

The first obligation of the person receiving this deed was to settle upon the land within forty days, and, within five years, cause onetenth part of the land to be brought under cultivation.

The second: "He, his executors, administrators, and assigns, shall not, directly or indirectly, mediately or immediately, violate or evade any of the chartered or licensed privileges of the said governor and company, or any restrictions on trading or dealing with Indians or others, which have been or may be imposed by the said governor and company, or by any other competent authority, or in any way enable any person or persons to violate or evade, or to persevere in violating or evading the same; and, in short, shall obey all such laws and regulations as within the said settlement now are, or hereafter may be in force." * Here are enumerated a long list of political duties pertaining to the citizen.

* * *

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The deed in its third condition says: "And also that he [the said receiver of the deed], his executors, administrators, and assigns, shall not nor will, without the license or consent of the said governor and company for that purpose first obtained, carry on or establish, in any part of North America, any trade or traffic in, or relating to, any kind of skins, furs, peltry, or dressed leather, nor in any manner, directly or indirectly, aid or abet any person or persons in carrying on such trade or traffic." Here follows a long lingo, forbidding the settler to buy, make, or sell liquors in any shape on his lands, and requiring him, under pain of forfeiture of his title, to prevent others from doing so, and binding the settler, under all the supposed and unsupposed cond:tions of obligation, not to supply or allow to be supplied any articles of trade to any unauthorized (by the company) person supposed to violate their trade, including companies "corporate or incorporate, prince, power, potentate, or state whatsoever, who shall infringe or violate, or who shall set about to infringe or violate the exclusive rights, powers, privileges and immunities of commerce, trade, or traffic, or all or any other of the exclusive rights, powers, privileges, and im

munities of, or belonging, or in any wise appertaining to, or held, used, or enjoyed by the said governor and company, and their successors, under their charter or charters, without the license or consent of the said governor and company and their successors, for the time being, first had and obtained.

"And, lastly," here follows a particular statement asserting that for the violation of any one of the thousand and one conditions of that deed, the settler forfeits to the company his right to the land, which reverts back to the company.

Our country delights to honor the sailor and soldier who performs a good, great, or noble act to save its territory from becoming the abode. of despotism, or its honor from the taunt of surrounding nations. In what light shall we regard the early American missionaries and pioneers of Oregon ?

It is true they heard the call of the oppressed savage for Christian light and civilization. They came in good faith, and labored faithfully, though, perhaps, mistaking many of the strict duties of the Christian missionary; and some, being led astray by the wiles and cunning of an unscrupulous fur monopoly, failed to benefit the Indians to the extent anticipated; yet they formed the nucleus around which the American pioneer with his family gathered, and from which he drew his encouragement and protection; and a part of these missionaries were the leaders and sustainers of those influences which ultimately secured this country to freedom and the great Republic.

The extracts from the deed above quoted show what Oregon would have been, had the early American missionaries failed to answer the call of the Indians, or had been driven from the country; or even had not Whitman and his associates separated, the one to go to Washington to ask for delay in the settlement of the boundary question, the others to the Wallamet Valley to aid and urge on the organization of the provisional government.

CHAPTER IX.

Puget Sound Agricultural Company.—Its original stock.—A correspondence.-No law to punish fraud.—A supposed trial of the case.-Article four of the treaty.-The witnesses.-Who is to receive the Puget Sound money.-Dr. Tolmie, agent of the company. The country hunted up.-Difficult to trace a fictitious object.-Statement of their claim.-Result of the investigation.

THE Puget Sound Agricultural Company, now claiming of our government the sum of $1,168,000, was first talked of and brought into existence at Vancouver in the winter of 1837, in consequence of, and in opposition to, the Wallamet Cattle Company, which was got up and successfully carried through by the influence and perseverance of Rev. Jason Lee, superintendent of the Methodist Mission. This Nasqualla and Puget Sound Company was an opposing influence to Mr. Lee and his mission settlement, and was also to form the nucleus for two other British settlements in Oregon, to be under the exclusive control of the Hudson's Bay Company.

The original stock of the company was nominally £200,000. The paid-up capital upon this amount was supposed to be ten per cent., which would give £20,000, or $96,800, at $4.84 per pound. From the most reliable information we can get, this amount was taken from a sinking fund, or a fund set apart for the purpose of opposing any opposition in the fur trade. About the time this Puget Sound Company came into existence, the American fur companies had been driven from the country, and the fund was considéred as idle or useless stock; and as the question of settlement of the country would in all probability soon come up, Rev. Mr. Lee having taken the first step to the independence of his missionary settlement in the Wallamet, this Puget Sound Company was gotten up to control the agricultural and cattle or stock interests of the country. It was in existence in name some two years before its definite arrangements were fixed by the Hudson's Bay Company, through the agency of Dr. W. F. Tolmie, who went to to London for that purpose, and by whom they were concluded, "with the consent of the Hudson's Bay Company, who stipulated that an officer connected with the fur-trade branch of the Hudson's Bay Company should have supreme direction of the affairs of the Puget Sound Company in this country. It was also stipulated that the

Puget Sound Company should be under bonds not to permit any of its employés to be in any way concerned in the fur trade, in opposition to the Hudson's Bay Company."

It is easy to be seen by the above-stated condition, that the Hudson's Bay Company were not willing to allow the least interference with their fur trade by any one over whom they had any control or influence; that their design and object was to control the trade of the whole country, and that they had no intention in any way to encourage any American settlement in it, as shown by the arrangements made as early as 1837.

There had been a correspondence with the managing directors of the company in London previous to Dr. Tolmie's visit. The directors had discouraged the proposed enlargement of their business, but it seems from the statement of Dr. Tolmie, and the arrangements he made, that they acceded to his plans, and constituted him their special agent. There was at the time a question as to a separate charter for that branch of their business. It was finally conceded that a separate charter would enable this agricultural and cattle company to become independent of the fur branch, and thus be the means of establishing an opposition by the use of the funds appropriated to prevent any thing of this kind, and decided that as the company had stipulated that they were to have the "supreme direction of the Puget Sound Agricultural Company," no charter was necessary, and hence any arrangements to that effect were withdrawn. It was from a knowledge of the fact that that company had not even the Parliamentary acknowledgment of its separate existence from the Hudson's Bay Company, that all their land claims were at once taken; and upon that ground they have not dared to prosecute their claims, only under the wording of the treaty with the United States, which is the only shadow of a legal existence they have, and which, there is no question, would have been stricken from the treaty, except through the fur influence of the company to increase the plausibility of their claims against our govern

ment.

If there was any law to punish a fraud attempted to be committed by a foreign company upon a friendly nation, this would be a plain case; as the Hudson's Bay Company, they claim $3,822,036.37; as the Puget Sound Company, $1,168,000. The original stock of the Hudson's Bay Company was £10,500, or $50,820. In 1690 the dividends upon this capital invested were so enormous that the company voted to treble their stock, which was declared to be £31,500, or $152,460. In 1720 the capital was again declared trebled, and to be £94,500, or $457,380, while the only amount paid was £10,500, or $50,820. It was

THE COMPANY NO BENEFIT TO A COUNTRY.

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then proposed to add three times as much to its capital stock by subscription; each subscriber paying £100 was to receive £300 of stock, so that the nominal stock should amount to £378,000, or $1,820,520— the real additional sum subscribed being £94,500, and the amount of real stock added or paid but £3,150. In 1821, the Hudson's Bay Company and Northwest Company, of Montreal, were united. The Hudson's Bay Company called £100 on each share of its stock, thus raising it nominally to £200,000, or $958,000. The Northwest Company called theirs the same. The two companies combined held a nominal joint stock of £400,000, or $1,916,000, while we have reason to suppose that the original stock of the two companies, admitting that the Northwest French Company had an equal amount of original capital invested, would give £37,300, or $135,134, as the capital upon which they have drawn from our country never less than ten per cent. per annum, even when counted at £400,000, or $1,916,000; and what, we would ask, has America received in return. for this enormous drain of her wealth and substance?

Have the Indians in any part of the vast country occupied by that company been civilized or bettered in their condition? Have the settlements under their fostering care been successful and prosperous? Have they done any thing to improve any portion of the country they have occupied, any further than such improvements were necessary to increase the profits of their fur trade?

To every one of these questions we say, emphatically, No, not in a single instance. On the contrary, they have used their privileges solely to draw all the wealth they could from the country, and leave as little as was possible in return.

The British author, from whose book we have drawn our figures of that company's stock, says of them: "To say, then, that the trade of this country (England) has been fostered and extended by the monopoly enjoyed by the company, is exactly contrary to the truth."

We come now to learn all we can of a something that has assumed the name of Puget Sound Agricultural Company, and under that name, through the paternal influence of a bastard corporation, presumes to ask an immense sum of the American government, whose country they have used all their power and influence to secure to themselves, by acting falsely to their own. We do not claim to be learned in the law of nations, therefore we can only express such an opinion in this case as we would were the case argued before a learned court and we one of the jurors, giving our opinion as to the amount the parties were entitled to receive. We will suppose that the lawyers have made their pleas, which would, when printed, with the testimony on both sides,