From the Pen2asulranian.

INDIAN AFFAIRS.
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Annexed is the extract of q very interest," ing letter on Indian affairs, addressed to Col. Stambaugh, now in this city, the Se- cretary to the Board of Commissioners for settling Indian boundaries west of the Mis- slssippl. In conversation with our old friend, we have been furnished with seyer- al particulars explanatory of the general situation of Indian affairs.

 Col. Chouteau, the writer of this letter, is. a respectable and wealthy trader, occu- pying several trading posts in the new. lli- dian territory. His trading house at "Wes- tern Creek Agency,'' whence he writes, IS four miles from Fort Gibson, on the Ver- digris river. The long intercourse of Col c. with the tribes of that region has made him familiar with their temper and habits; and he possesses more influence over the Indians generally, within. new Territory, than any other individual init. He IS not one of those who give exaggerated ac- counts of Indian depredations, for the pur- pose of subserying their own interests; and the greatest reliance can be placed on hls judgment and opinions.

 Moses, or Captain Smith, who is repre- sented as leading the Cherokee war party, resides Tn a comfortable cabin, within three miles of Fort Gibson, and is what is call ed a. .eivqlised IlsIian. He is a shrewd, de- ieliines and active ,vs,rrit;i, esteemed among the Cherolsees as one of thelf best Captains. If Smith and Captain Dutch, who also resides in the same part oi the Cherokee country west, unite their warriors, there doubtless will be Ca bloody war. - Dutch is looked upon as the most sagacIous and daring war Captain in the Cherokee nation west of the Mississippi. They are both in the prime of life-atbletic, power ful, and fine looking men. Dutch may .ee known, fry asiight description among thousand warriors, by his remarkable blaek' keen, restless eye.

 The sAar Eagle" leading the osases the Pawneos, Is T giant ii size and