The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-08-05


WASHINGTON, Aug. 8, ls4S
Highly ACKNOWLEDGEMENTS Of the Hudso~'s Bay
Companys Property South Of the i'~e of Forty
~,ne, by The Umiied States.
Under the third article of the Oregon treaty, the
sspossessory rights of the Hudson's Bay Compa-
ny south of the latitude of 40 deg, guaranteed
by the United States as also the property
of the Prgets Sound Agricultural Company South
of sun line or within the boundaries Of the nited
Stsfss
We understand from official sources that the afore
said companies anxious to sell out to the nited
States. But what is this property, the 'possessory
rights to which are guaranteed by the treaty. IL
consists Of twelve thirteen forts with farms
and trading houses attached thereto the most eli
gble points in the territory including large tracts of
timber, pasture or wheat lands, mills, grst
mills, horses, focks herds, &c. &c The Puget's
sound Company lisa large agrlcat1 tl establish
they have already stocked with the most improved
breeds of cattle and sheep from England, at great
and greatly to the advantage of the
Now, we understand that Sir George Simpson, the
acting Governor Of the Hudson's Bay Company and
Sir John Pelly the resident governor in London and
MIR Champion the British minister, ad inf at wash
ipgton all agree that according the Oregon treaty
which provides for the sale Of said property the
United States 1t is polite to all parties to make such
transfer In fact, they DESTROYS to sell all the
property OF the British companies included within the
are sefevdent Jeaousies have already been crested
against the Hudson's Bay Company locations within
the United States territory the part of the Ameri
can settlers. As the American population increases
crowding upon the posessory rights" Of the British
companies there jealeusies will increase and the fact
that tad companies occupy the most eligible localities
IN The territory for commerce, trade with the Indians
stock raising and agricultural purposes will only
20 augment this feeling of jealousy between the sub
1ects of Her Majesty and the citizens Of the United
States, who may go out there to locate themselves.
Anxious to avoid the animosities which likely to
grow out of this state of things and which, unless
rested, may ultimately embroil the two nations in
war; the British companies deere to dispose of their
property to the United States to the extent that it is
comprehe nded within the United States boundary.
They have proposed to the Secretary of State to dis
pose of the whole Of the said perty Of the two
panes aforesaid to the United States for million
Of dollars, less than the minimum value said pro-
perry for the indicated They DESTROYS of
maintaining certainly thei policy to do
for in war they would lose all they have the
tnent and they know it for it is manifest that
foothold of H. B. Nj. in North America depends upon
the preservation of peace with the United States.
We understand the President will lay the ubject be-
fore the Senate to morrow and simply for the sake
peace the million Of dollars will be profitable invest
ment, though, doubt not the government may dis
pose Of the property to large profit to American
tiers in Oregon. THE DOCTOR