The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-24

v,sy sheses Of tie ssusd. 40 H. unSeve,opsa
esheric. q Ne wasess, must. = no distant day. ~
tract ssr s 3. S:ssss .os co OF q The AM
enferpfising sons OF New EnRisnd-those Of Nxa-
tucket, New Bedford. Ospe Cod &c.--snd then will
the true value Of Puget Sound to the western world
be properly felt and duly appreciated"
PRofosED REEDEzv0Us OF rnx WHALING FLEET
ON PuGET sOUkD.-Tbe Pion<cr Publishes foootbe
letter from Gov. Stevens to HOG. Jos. Grinnell and
oih rs, in New Bedford, engaged In the whale fshe-
~ urging ,hetn 70 select some port on the Sound as
the adjacent islands, Snd create pot for tue en-
tire business. He dweIis forcibIy upon the capacity.
safety and facility Of acce-s of she series Of harbors
upon Puget Sound their close neighborhood to the
best whaling grounds in the Pacific the splendid
timber suitable for the fuest soas for vessels the
fisheries OF cod, bslbut aui ether valuable species
the facility OF obtaining fresh PROVISIONS at moder-
ate prices; and concludes by predicting that such
depot once established, would speedily become Q
rendezvous for seamen, aud place at which pro
visioBs Of all kinds would seek market. Tho in
vestment would find on eb0rm rus return In the in.
creased vslue Of the property and the territory be
in proper ton benefited by the introduction Of this
De resource and BY the cation within herself OF
maritime class Of pcy ulaton.
THE HUDSON BAY COMPANY TO BE WOUND UP =
in accordance with instructions from the United
ed the Hudson Bay Company, taking the ground
that "heir nght to trace with the Indians in Wash
ingtcn Territory is not recognized, and will not
longer be allowed and gIanting them until the LIST
of July next to wind up their affairs.
IYDIAN ATTACK on THE BELLIEaHAM BAY SET
TLEMENT-ALARa OF THE SsTTLRRs--rhe settlers
in the Sound are much alxrfned at the reports re-
ceived Of the hostility and Outrages committed By
the Fort Simpson Indians upon the property and
persons Of the whites. The Pioneer has no positive
informal on on the subject, but says all the reports
that have reached there, however, seem to con.
cur and confirm each ether, that there have
borho, d Of Belngham Bay and Whidby's Island;
that hostile demonstrations made against
some OF the houses In the neigbborhood Of
the bay, and that some OF the settlers there
had applied to, and received from the citizens
Of the isiar d, arms and ammunition for defence in
case OF further assault Five large Northern war
canoes were seen some ten days ago abreast Of
Scaget Head, bound up the Sound, since which
time 10 tidiDgs have been received of their where
abouts. The Indians in them appeared to be well
armed. Secretary G. IT. Mason acting Governor
and Superintendent of Indian Afiirs, left Olympia
on Saturday last, Immediately on the reception of
intelligence Of Inoan difficulties on the Sound-in-
tending to proceed to Fort Steilacoom, and engage
the services of the military at that staonprocnre
arms, ammunition, provisions, &C., and repair at
once to the places where massaces were said to
baYe been committed The Fort Sitka Indians are
represented as having, within few weeks, made q
most horrible assault on party of the Fort Simpson
tribe, in the yic0ity Of vancouvers Establishing
some twenty five, and taking number Of prison
ers. We understand that it Is apprehended by the
British authorities on the island that this outrage
was committed at the instgation of the Russians,
growing out of the pending war between the two
governments, and fears entertained that the
Russian Inrians will come down in force with hos
tile intentions against Vancouver's Island.
DEPRESSION IN BUSINESS CIRcIEs-The Pioneer
says q sekening sensation is now felt In the money
market Of Washington Territory that IL fast tending
to parayze the business Of the country throughout
the length and breadth Of our borders from the ecu
ire to the utmost verge Of actual life and enterprise
II ascrbes this state of things the fact that too
much Of the business of the country ia transacted
under the credit system. Laborers are not paid for
their toll except in drafts on San Francisco or
worthless goods. No cash can be obtainf d and the
quence is, neither merchant farmer is do
ing anything. The Pioneer urges tine business men,
nDbeims n, &c, to take hereafter nothing butcash
on the delivery oil cargoes for expectation.
PROSPECTING IN THE COAST RANaE.-A party
who had been in the mountains for six weeks, pros
pectiDg the coast range for gold returned to Olym-
pia well satisfied with the result. Of their researches
finding abundant specimens Of gold bearing quartz,
and their prospe ,tings aording ample induce ments
for further expenditure Of time and labor, they
inteno to start again in August, fully prepared for
q more thorough and protiacted exploration and
satisfactory test of the gold resources of the Pac
size Of the coast range.
News from Oregon Territory.
The steamship Columbia arrived at San Francis
co on the 25th June, with Oregon dates to the Gath
ult
The Oregon Statesman OF June 90 gives the fol-