Capt. B.A Wake, formerly a post captain with the British Navy, but lately a settler on Valdez Island, a short distance from Dodd’s Narrows, arrived in this city a week ago last Monday in his sloop. He stayed around town for a few days, and about last Saturday started on his return home, which he has not reached. His son arrived in town last night to

  learn what had become of his father, and brings the unfortunate news of his non-arrival. It is feared that he has met with some mishap or has been blown out in the gulf. We are inclined to think that the old gentleman, who was possessed of indomitable courage and perseverance, has ventured too far this time. It is just