MORMON SETTLEMENT, TEXAS.—The Mormons have lately been negotiating for the purchase of a large tract of land on the Pierdenales, above Fredericksburg, and intend to form a new settlement there. The anxiety they manifest to purchase this land has excited some suspicions that they have discovered some valuable mines upon it. This opinion may be strengthened by the fact that several of them emigrated from the mine-ral regions of Illinois and Missouri, and are conse-quently acquainted with the minerals that indicate the presence of valuable ores. That the minerals at the sources of the Pierdenales and San Saba, are similar to those in the mineral region of Missouri and Illinois, we have no doubt; and we are confident that lead-mines will be found on the San Saba, as valuable as those of Galena; but we do not think the Mormons are influ-enced in this instance by any desire to obtain mines.—They have probably discovered that the soil of the Pierdenales Valley is admirably adapted to the culture of wheat and other grains, which they have been accus-tomed to raise in Missouri and Illinois, and will afford them all the facilities they desire for a new and exten-sive settlement. They have also a pretended prophecy that the New Jerusalem of their great Prophet is to be found in Texas.
This opinion has long been prevalent among them, and we have been informed by an English gentleman that the Presiding Elder of the Mormon Society of London has often said that the Mormons will, ultimate-ly, all congregate in Texas. The party which has settled near Fredericksburg may have been sent out as an exploring expedition to discover the promised land. We should be sorry to learn that they had located the New Jerusalem on the Pierdenales or the San Saba, for our frontier settlements will soon be pushed beyond these streams, and then wars might arise between "the saints" and new settlers. If the Mormons, however, should find the New Jerusalem on the Puerco, many years would probably elapse before the frontier settle-ments would reach them, and they might build up their city, and fortify it with seven walls, if they desired, long before the advancing limits of the frontier settle-ments would be pushed even to the sources of the Col-orado. [Houston (Texas) Telegraph, Sept. 7.
