ANNEXATION OF TENAS.
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In relation to this al-absorbing question, We have received from the Hon. F. CRoss a letter. under date of 18th April, 1s4l, from which we extract the following:

 :. I can now speak with confidence in rcla- ton to the treaty for the annexation of Texas. IL was~no doubt signed by the President on yesterday, and you will perceive, from the enclosed slip, that as soon as the documents deemed necessary to communicate with il can be prepared, will be submitted to the Senate Various opinions prevail as to its fate before that body. The impression is, gaining ground, however, that t will be acted upon promptly, and encounter but little op- position In case of rejection, the subject will, come before the House in the shape of an application for admission into the Union as a State, under that clause of the Constitu- ton of the United States which authorizes Congress to admit new States. The danger is that Mr. Clay7s friends in the Senate will, in order to avoid the consequences of q direct avoWal either for, or against annexation, defer action upon the treaty until the next session of Congress, when the contest for the Presi- dencv cannot be affected by it. NIT. Clay himself will, t IS understood, be here in a few days, and can, if he chooses, decide the fate of this momentous question:"

 Concerning the effect which the annexation will have upon our State policy he has the following most excellent and sensible remarks

 "1o my mind, it is difficult to account for any opposition in Arkansas 10 this measure The depreciation in property, as some seem to apprehend, is all objection sustained neither by reason or experience. That emigration would take that direction is doubtless true, but our State will become its great thorough laie, and could not fail to profit by it, as she will be brought more prominently into notice A certain consequence of annexation would be an increase in the price of Texas lands the cheapncss of which has hitherto operated so seriously in checking the settlement o Arkansas. Another, would be all enhanced value of out slave property, by adding to its security to the extent, at least, of twenty-five per cent The demand for the surplus flour pork, horses, Sc, produced m the northern part of the State, would be greatly augmented and the Santa Fe and Chihuahua trade facili- tated. Many other direct advantages to the State might be enumerated, but have noi leisure 10 pursue the subject. Our people