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LATER FROM TExAs--Tho steamship New
York, Capt Wright, arrived yesterday, in 26
hours from Galveston, bringing US full files OF
Texas papers Our dates from Houston are as
late as the l7th, but the Texan journals are re-
markably barren OF interest. They are all earn.
es,ly engaged in discussing the question of " An
nexaton," and what is here very small mole
hill, is there transformed into mighty mountain.


The Galveston Gazette has an article on the
subject of which looks well on paper, and for the
amusement of those who Can appreviate the lofty,
we copy it entire. The editor says:


at is thrown out, IN some Of the papers OF the
q. States that the Annexation of Texas is to he
q measure effected bv compromise, a condition
being that the territory of Texas is to be divided
into three States in one Of which slavery is to be
tolerated while it is 10 be prohibited IN the others
This idea, VIC think, must have originated from
other than official sources and the measure pro
posed would, we believe, be far better calculated
to defeat than 10 secure the success OF the project
of Annexation. 1t might satisfy the North; but
it would displcase the South in the same proper
ton, and would, we feel confident, never receive
tho Sanction of the slave States. Editors in the
United States seem TO think that the question Of
Annexation is one which concerns the United
States only, and that the people OF Texas would
rush into the Union on any terms which that coun-
try might propose. This opiaion has no doub,
resulted from the whining OF certain disappointed
persons here. who have made it Il poin; 10 decfy
every thing in the present condition of The couu-
try, and who seem 10 think tha; peace, plenty and
and fair compensation for honest industry, are
not worth enjoying; and, in their "has,e to be
rch," are willing 10 hazard every tried and sub
stantial benefit which they possess for the uncer-
tain prospect of obtaining some such sudden and
abounding prosperity as once believed to cx.
let in the philosophers stone" n. o. Tropic.