It is fully shared by many important members of the Cabinet--nor are the men in high office exempt from the overweening idea of the naval power of the United States, which reconciles the people to the notion of a war with England.

Mr.Seward for a certain time fanned the flame in order to recover his lost popularity.

He is now, I believe, seriously anxious to avoid going farther.

But if strong measures against England were taken up as a Party cry by the Republicans, Mr.Seward would oppose very feeble resistance to them.

If no military success be obtained within a short time, it may become a Party necessity to resort to some means of producing an excitement in the country sufficient to enable the Government to enforce the Conscription Act, and to exercise the extra-legal powers conferred by the late Congress, To produce such an excitement the more ardent of the party would not hesitate to go, to the verge of a war with England.