OREGON FREE P VOK THE AH, VOL. L) WEEK BIDDING SATURDAY, SEPTEMBER 30, 1848. (NO. 96, Here shall the Press the people's rights maintain, Unawed by Influence, and unbrlbed -by gain." TERMS OF THE "FREE PRESS." One copy, per annum, (in advance,) three dollars and fifty ccnls, cash for six months, (wo dollars. Advertising. Each square, (12 lines or less,) first insertion, two dollarseach subsequent insertion, one dollar. A reasonable deduction made on yearly advertisements. Currency and produce taken at their cash value. Fmportant NEWS. By a private letter from Honolulu, per brig Stirling, dated the 8th of last month, we learn that the Bremen brig Montezuma arrived at Honolulu on the 6th ult., 33 days from Mazatlan, with the news of the ratification of the Treaty between (tie United States and Mexico. 'This is glorious news war is at an end and peace prevails. The Montezuma brought not a letter from the United States, and only a feu; Mexican papers; therefore our budget is meagre. 'It is reported that Com. Jones has sailed for San Fraaclsco, in the Ohio, to take possession of the gold mlses on behalf of the United States. It is said that Com. Jones has ten regiments of the army, the forces at Mazatlan and other places, to sustain and carry out his plans. He may make those who dig pay a certain per centage of all they dig to the U. S. Government, or Ao may cut them ofT altogether, by blockading the coast ami depriving them of their provisions. 'Capt. Stout, the agent of the mail' steamers to run between Oregon and Panama spent a fortnight with as, and left for Oregon, via "Sah Francisco, in the ship Rhone on the 3ls ult. He goes to Oregon to prepare coal etc. for thestcamers, and expects to be at Panama, to meet the first steamer, in January, 1849. We shall have a packet running from Honolulu to the coast, to intersect the line. Capt. S. says that letters will reach Oregon City in thirty days from New York. The contractors are bound to carry the mail monthly etc. I would tell you much more, but you will soon have Capt. Stout in Oregon to speak for himself. GAUFOtKiA. The Polynesian of the Slh ult. says tM 'Sabine' arrived here on Sunday, the 30th ult., U dayflfrtKa San Francisco. She brings later news from the gold region. Nearly all the inhabitants of California are engaged in digging for gold. Immense quantities are found. Single pieces weighing five ounces have been taken from the inrlU. placera is believed to extend over a surface of 100 square miles. Many en gaged in digging have already amassed fortunes. A private letter states that one man with a company of Endians has procured upwards of 100,000 dollars worth or gold already. Another man who had been on the ground but three weeks 'calculates' he is worth 3,000 dollars. Valuable diamonds are reported to have been found. All these reports are not authentic, and are doubtless somewhat exaggerated, but that the placera yields immense profits, there can he no doubt Both newspapers have discontinued publication, and all branches of business except what is necessary to sup ply the wants of the people, are at a stand. Pro visions and clothes are exorbitantly high on the ground, owing to the few facilities for transportation lip the riv er. No foreign vessels are allowed to go up the river, although vessels of ordinary draught might go up to Sutter's fort. Prices of provisions have advanced at San Francisco, although not in proportion to those de manded in the interior. The merchants and those engaged in transportation on the river are reaping a rich harvest. The fever and ague prevailed to a great extent. People were flocking from all parts of the country. No disturbance had occured among the dig gers although trouble was anticipated. Oregon Mail Steamers.-The 'Polynesian of the 23d, of July, says Captain Stout has arrived by the Rhone, on business connected with the line of steam ers to run from Panama to Oregon. The contractors are the highly respectable firm of Howland and As pinwall of New York. Three steamers of 1000 tons each and 600 iiorse power are to commence plying every month from Panama to Oregon in January, 1849. They are to touch at the chief intermediate ports, but not at these Islands for the present. There will be a corresponding line of steamers to keep up the com munication between N. York and Chagres. The mail from New York is expected to be conveyed to Oregon in one month. A good practical cart road is to be made across the Isthmus of Panama, which for that purpose has been surveyed by Mr. Stevens of travel ing celedrity. The Polynesian says the discoveries in California have created quite a stir in the commercial world. Our trade with California is rapidly increasing. During the month of June 2 brigs and 2 schooners sailed for Cali fornia during July, 1 ship, 2 brigs and 2 schooners sailed since August 1st, 1 bark and 1 brig have sailed, and 2 brigs and 3 schooners are shortly to follow; making in all 15 departures in 2 months. Since the gold discoveries in California, 69 passports have been granted. Nearly as many more have gone from this port in capacities not requiring passports. Probably not less than 125 have left the islands up to this date, and a large number more will go soon. 4 That's nothing to Oregon 1300 have gone.