Washington, March 8.- The administration is considering the formation of a flying squadron. Nava! officers have p'.anned suoh, and the matter is befare the president. Such a squadron wJH assemble either at New York or Hampton Roads in ten days' time. As planned, the flying squadron will be composed of the fleetest and most powerful of warshipg ever commanded by an American ofBoer. The armored cruiser Brooklyn, 21 knots, is to be flagship. The Minneapolis, 23 knots; the Columbia, 21 knots, and the St. Paul and St. Louis of the American line, 21 knots each, will compose the remainder of the fleet. Oomodore Winfield Scott Sihley of arctic fame will be in command.