, 1873-05-08

mens was created this THURSDAY morn
inl, on learning that the office of the
Puget Sound Banking Company was
closed. Mr.. White, the Attorney of the
Company, has put us in possession of
all the facts, including the correspond
ence, connected with this suspension.
The New York correspondent and de-
pository of this Company was the old
established house of Lockwood & Co.
On the 23d. the following dispatch was
received from that house:
I've were obliged to suspend pay.
ment on the 18th Remittance of 4th
applied to payments of your drafts.
LOCKWOOD & Co."
On receiving this dispatch, Major S.
P. Warren, the Cashier of the P. S. B.
Co., started Immediately for Portland,
and San Francisco. to arrange with his
correspondents in those cities for any
drafts of his on Lockwood & Co. which
might be returned to them protested
Three days after Major Warren left here
a dispatch was received from his father
in New York, who is President of this
Co., saying that he had deposited with
the Hide and Leather Bank, and di-
recting that future drafts be made on
that Bank.
! Matters were further complicated here
by contested demand of the Govern
ment against Major Warren for S2,212.
in the hands of Mr. Wingard, which he
entered into stipulation with the latter
to deposi.e to his credit with Horton &
Co., to be held subject to the decision
of the Department, allowing six months
for the decision before suit would be
commenced. Major Warren by letter
from Portland, directed that this money
be paid over to Mr.. White, to be depos
tied in the name of Mr.. Wingard, in
Horton & Co. s Bank, according to stip-
ulation. 1t was the transfer of this
money to another bank, by Mr.. War
ren's Attorney, which caused panic
that so disturbed the nerves Of the Tel
Ter in charge as to constrain him to
close the Office until the return of the
Cashier.
There is nothing in these circumstau.
ces, as explained by the facts, to excite
alarm as to the solvency of the institu-
ton. 1t has been doing a safe, legiti-
mste exchange business. 1t was not
creditor, to ruinous extent, of the
bankrupt house of Lockwood & Co.,
and could only be affected by tn, fail
ure by the temporary Inconvenience of
he wing some OF its drafts returned pro-
tested for non payment. There is no
thing in the circumstances of the case
which indicate fraudulent design, and
upon no other Hypothesis can a failure
to meet all just Liabilities be explained.
| Frcm what we know of the matter, We
fully believe the business will be resnm-
ed and all obligations promptly met
Immediately on Major Warren's return.
INDIAN TIouBLEs.-Mr. Vanasselt, an
intellige 1T man who has lived upon the
Duwamish river, in this county, for the
last twenty-one years, passed through
one Indian war and had abundant OPP
portunity of studying Indian character,
informs US of many recent incidents
which fully convince him that widely
extended outbreak of the Indians against
the whites is seriously contemplated by
the Indians. Th.re are now a band of
Klikitat Indians, from the other side of
the Cascade mountains, camped near
the head of White river, holding frequent
councils with the Indians in that neigh
borhood. A neighbor Of MIR Vanass it,
who hes an Indian wife, informs him
from positive knowledge. that the sub
iect of these consultations is war upon
the whites--not on account of any i'm
mediate grievances. but for purposes of
rapine. The Klikitat delegation repre-
sent to the other Indians that such
depradatory war would give them great
plunder with little danger; that during
the last war they did not lose man in
battle, and that the Government pur-
chased peace with them by large boun-
ties, after they had had good time In
burning, plunderlng and numbering. and
the sane result was sure to follow this
contemplated outbreak. The Klikitats
.pose to the Indians on this side to
join them III killing and plundering the
whites on the o,her side of the noun
tains, when they think they will have
collected sufficient force to return
to this side and reap rich harvest
of plumber by attacking the larger pop
ulations upon the Sound. and then
compromise with the Government upon
their own terms. Many other persons
living in the neighborhood of Indians,
have for some time past observed indi-
cations confrmatory of the truth of
these statements. They are offering
everything they have to sell or exchange
for good horses, rifles and ammunition.
We do not wish to create unnecessary
alarm, but seriously think there is
enough in the circumstances to justify
the public authorities in disarming all
the Indians in the Territory.
CIVIL SERVICE REFoRM.-T The Phila-
delphia Dispatch of April 4, says;
Hon Richard Yates of Illinois, ex-
l kIxvo m