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 considered 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 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.