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Great Britain and Ieras.-A correspondent Of
the Journal of Commerce, at Washington, says
"a! cabinet meeting this subject, learn, was
considered, but not finally decided upon.


II appears that the administration have recev.
ed odvices from England which justify them in
the opinion that negotiation is on foot between
the government of Great Britain and that of Tex.
as, leading to commercial treaty. the acknowl
edgnnent by Mexico of Texan independence, and
OF course, to the abolition of slavery in Texas.


The admission Of Texan cotton, free of duty
into England, will! alone lead to consequences ve
ry much to be dreaded by the cotton growers Of
the Union. trf