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Getting alarmed.

--See the circular of Seward, in another column. There can be no mistake in the matter. The Yankee Government is thoroughly alarmed at something it has heard relative to the disposition of foreign powers. It is true, Seward says, that the chances in favor of our succeeding abroad in our attempt to secure the co-operation of foreign powers are less than they ever have been. But nobody can be deceived by this declaration. He has heard something, and he is frightened. At first he said nothing to the Yankee Governors. The insurrection was a small affair — he could put it out so easily, it was hardly worth thinking about. Now, however, his torie is altered. He calls on all the Governors to fortify their harbors! Why do i now rather than at an earlier period? Depend upon it, he has heard something which has greatly alarmed the Government.

The effect of this circular in New York was tremendous. Stocks of every description tumbled at once into the very dirt, and thousands upon thousands were ruined. Some are uncharitable enough to believe the reports about Seward's habits, and think he was drunk when he wrote the circular. It has been said that he has not drawn a sober breath since Manassas.

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William H. Seward (3)
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