It is needless to go into a detail of the variety of accidents and cross-purposes, which caused the failure of his scheme.  They were such as all undertakings of the kind, involving combined operations by sea and land, are liable to.  What he most wanted, was sufficient capital to enable him to endure incipient obstacles and losses; and to hold on until success had time to spring up from the midst of disastrous experiments.

It is with extreme regret we learn that he has recently been compelled to dispose of his establishment at Wappatoo Island, to the Hudson’s Bay Company; who, it is but justice to say, have, according to his own account, treated him throughout the whole of his enterprise, with great fairness, friendship, and liberality.  That company, therefore, still maintains an unrivalled sway over the whole country washed by the Columbia and its tributaries.  It has, in fact, as far as its chartered powers permit, followed out the splendid scheme contemplated by Mr. Astor, when he founded his establishment at the mouth of the Columbia.  From their emporium of Vancouver, companies are sent forth in every direction, to supply the interior posts, to trade with the natives, and to trap upon the various streams.  These thread the rivers, traverse the plains, penetrate to the heart of the mountains, extend their enterprises northward, to the Russian possessions, and southward, to the confines of California.  Their yearly supplies are received by sea, at Vancouver; and thence their furs and peltries are shipped to London.  They likewise maintain a considerable commerce, in wheat and lumber, with the Pacific islands, and to the north, with the Russian settlements.

Though the company, by treaty, have a right to a participation only, in the trade of these regions, and are, in fact, but tenants on sufferance; yet have they quietly availed themselves of the original oversight, and subsequent supineness of the American government, to establish a monopoly of the trade of the river and its dependencies; and are adroitly proceeding to fortify themselves in their usurpation, by securing all the strong points of the country.

Fort George, originally Astoria, which was abandoned on the removal of the main factory to Vancouver, was renewed in 1830; and is now kept up as a fortified post and trading house.  All the places accessible to shipping have been taken possession of, and posts recently established at them by the company.

The great capital of this association; their long established system; their hereditary influence over the Indian tribes; their internal organization, which makes every thing go on with the regularity of a machine; and the low wages of their people, who are mostly Canadians, give them great advantages over the American traders:  nor is it likely the latter will ever be able to maintain any footing in the land, until the question of territorial right is adjusted between the two countries.  The sooner that takes place, the better.  It is a question too serious to national pride, if not to national interests, to be slurred over; and every year is adding to the difficulties which environ it.