NEW ENTERPRISE. - FISHING EXPEDITION TO LAKE SUPERIOR. - Up to this period, the American Fur Company has principally monopolized the fisheries of the fresh water ocean of the north west, and that company, with the Hudson Bay Company, the trade of the bast region beyond Lake Huron, stretching away to the mouth of the Columbia River on the west, with Hudson's bay on the north.
As far as possible, they have hitherto kept the public in ignorance of their operations, particularly pertaining to the fisheries under their control. But the rapidly increasing demand for lake fish, together with the information obtained the past season in regard to the practicability of established fisheries on Lake Superior, as well as the exhaustless resources of that great fish pond, have induced several of our enterprising citizens to associate under the style of the 'Cleveland North Western Lake Company,' for the purpose of establishing fishing stations on Lake Superior, and embarking in the north western trade generally.
The principal members of the company, are Messrs. Mendenhall & Richardson and the Messrs. Converses. The Algonquin, a new schooner of 60 tons, purchased and fitted up expressly for the expedition, sailed from this port for Sault Ste. Marie last week. The company intend to take their vessel over land, and the Canada side of the Sault, this fall - launch it into the river above, and be ready for operations on Lake Superior with the opening of navigation next spring.
They will have to raise the schooner from the water below the Sault - place it on ways - and slide it something more than half a mile of before launching. Considering the climate, the difficulty of obtaining machinery and help, and the elevation of obstacles to be surmounted - the undertaking would seem herculean to most persons, and impracticable to many.
In connection with their business in this city, the company intend to establish a trading post at the Sault and erect a store house the coming winter, and in the spring establish a post at La Point, on Lake Superior. They apprehend no serious opposition from the companies that have so long monopolized the fisheries and trade of the north west, and enter upon the new enterprise with a zeal and determination characteristic of the universal Yankee nation, in seeking every avenue to the source of prosperity and wealth.
The services of a skillful captain and competent pilot have been secured, and should success crown the expedition, it will probably become the nucleus of extensive future operations. The single craft, with her bold and hardy adventurers from this port, will prove the pioneer in opening to honorable competition, the treasures of commerce of the father of lakes, and when the Ship Canal at St. Marie is completed, will be followed by hundreds of sail laden with products yet unappreciated, and just beginning to be known as important items in the trade of the lakes. Success to the new enterprise. - Cleveland Herald.