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 We are gratiied in observing the rapid ad- vancement and growing importance of this Territory. Lands are increasing in value, and tide of emigration is pouring in upon us, bidding fair to entitle US soon to tic rank of State. The unfavorable impressions which our brethren of the States have enter tained concerning the country and it's inhab- itants are rapidly wearing away; and tho great resources eg the Territory are becom- ing known. It Is certain that there is not State or Territory in our whole land which can compete with Arkansas, in the extent and value of it's mineral productions. Zinc is abundant in many parts of it-Cobalt is found at the Hot Springs-and there is no doubt that Gold is to be found in the mountainous regions of the Territory. Tin will probably become the most valuable min eral export-of which there is a mine on the Cossitot. It is a metal which is found in but few places, and will be much mora valuable than Q mine of gold or silver.

 We were highly gratided, short time since, during hasty trip to the Hot Springs, sixty miles to tho south of this place. The road to that place is we'll settled, and the eountrJy much more improved than we had imagined. The Hot Springs will hereafter be the most valuable watering place in the United States--and the great place of fash ionable resort for the South and West. The place which bears that name is narrow val ley between two ridges~-and the Hot Springs break out. from under the eastern ridge--in some twenty small rills and springs --close to clear running branch of cold and pleasant water. The water of the Hot Springs is hot enough to boil an egg-and whether hot or when cooled, 1t Is pleasant to the Understanding lime water. It de- posits a sediment, composed probably in part though we are no geologst) of lime--which soon hardens into kind of rock, resembling scoria, spongy and light In all chronic diseases and bilious attacks, these waters are of great use. Bath houses and sweat houses are already built-and experience is daily showing the value of these waters. Fifteen miles this side of the spring, in what is cal led the Magnet Cove, arc number of fine sulphur and chalybeate springs-which are found to be very elficacious.

 The only cause which prevents the improve ment of the Hot Springs, is the fact that the place and the country whereabouts has not been surveyed---owing to large quanti. ty of the natural magnet in Magnet Cove which affected the conpass--and to the fur. ther fact that the pre-emption right to the Hot Springs is ia dispute and unsettles.-- Great quantities of fine white quartz (or rock chrystaD are found on the heads of the Washita and brought to the Hot springs-- 