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The New York Herald's comments on Seward's letter — Apprehensions of a War with England.[from the New York Herald of the 1861.] From all quarters we have received intelligence of the sensation and excitement produced by Mr. Seward's circular letter to the Governors of the loyal States on the seaboard and lakes. [For letter, see our Northern news column.--Eds. Dis. ] It was prepared on Monday, and on Wednesday it was telegraphed simultaneously to the loyal press of the North. On its appearance here yesterday, Wall street was thrown into a terrible commotion. Federal stocks went down two and a half to three per cent, the bears were in high glee, and the bulls uttered curses deep, if not loud, against the author.--It was urged, in condemnation of the policy of the letter, first, that there was no necessity for the fortifications recommended; and, secondly, if there was, that the best way to accomplish the object was by means of private letters to the Governors, which would not