The value of the land used by the company, at Fort Vancouver, in 1846, say containing a frontage of twenty-five miles on the Columbia, by ten miles in depth, in all two hundred and fifty square miles, or about 160,000 acres, I should calculate as being worth then, on an average, from $2.50 to $3 an acre (at $2.50 would give us $400,000); this, with the improvements, say $500,000, gives us, at this witness's lowest estimate, $900,000 for the company's possessory rights. This witness goes into an argument stating surrounding and probable events, and concludes in these words: "I am clearly of opinion that had the company entire control to deal with it as their own, without any question as to their title, from the year 1846 and up to 1858, when I left there, taking the fort as a center point, the land above and below it, to the extent of three square miles, or 1,920 acres, with frontage on the Columbia River, could have been easily disposed of for $250 per acre ($480,000). The remainder of the land claim of the company at Vancouver is more or less valuable, according to its locality; thus, I consider the land on the lower plain, having frontage on the river for a distance of five miles, or 3,200 acres, as worth $100 per acre ($320,000). Below that, again, to the Cathlapootl, a distance of probably ten miles, with a depth of two miles, or 12,800 acres, is worth $25 an acre ($320,000). Going above the fort plain, and so on to the commencement of the claim, two miles above the saw-mill on the Columbia River, say a distance of six or seven miles and back three miles, or about 13,500 acres, should be worth from $10 to $15 per acre" ($135,000, at $10, his lowest estimate). "The remainder of the claim is worth from $1.50 to $3 per acre." It being 128,580 acres, at $1.50 per acre, $192,580. This would make for the Vancouver property, as claimed, and several witnesses have sworn the value to amount, as per summary of a chief factor's testimony-- For the fort, buildings, farm and mill improvements $500,000 " 1,920 acres of land about the fort at $250 per acre 480,000 " 3,200 " below the fort, at $100 " " 320,000 " 12,800 " on lower plain, at $25 " " 320,000 " 13,500 " above the saw-mill, at $10 " " 135,000 " 128,580 " balance of claim, at $1.50 " " 192,580 This gives us the sum of $1,947,580 in gold coin, as the value of the possessory rights of the honorable the Hudson's Bay Company to Fort Vancouver and its immediate surroundings.