A Kiw VILLAGE nr era COCNTV.—Lambcr- ton, a thriving little place in tbe "Milwaukee Woods," on the lake shore, fifteen miles south of this city; so called in honor of its worthy founder and proprietor, G.H. Lamberton, Esq., is a place of considerable trade, chiefly con fined to wood and lumber, which articles are becoming becoming among the first in importance in our county. An individual can form no just conception conception of the demand, who has not travelled over the immense timberless prairies of Illinois. Illinois. _ Mr. Lamberton told ns, while in conversation conversation not long since, that at the time he purchased purchased the tract of timber at this point, (only three years since) he eould not sell wood in Chicago, or elsewhere, at a price that would net tbe cost of catting and freight. The past season season the timber has paid *nme tizty-five dollars per acre standing, and yet it is on the rise. In oar opinion, the time has bat inst arrived to begin begin to realize from timber lands. The Lake Shore Railroad has a station at this point, which U one of the most important on its teate, as it is one of their principal wooding wooding and watering places. A steam saw and grist mill is in process of erection, which will be in operation in a few weeks. Here, also, is found an abundance of clay for the manufacture of the justly celebrated Milwaukee Brick, on either side of the Pier, which is substantial and commodious and running running into deep water. The settlement is small because very new-but it has already some twelve or fourteen dwellings, a store, and one or two shops, &c.—Sentind.