sieElss.eaa.lsnesllal lll, ihs Journal Of commsres.
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LONDON, Oct. 20.

 We have ieeg in state of singular excitement ev- CT since the adyices, via IIayre, brought ns tle pro- clamaion of President Tyler, apd au sccpanl of the spacuIators became paralysed; Change crowd- ed the newspapers were sought for with extraordi- mary ayidty; aBd rinlors the most absurd, ridicu- Iuus and terrific to be heard m all socetes.- or sich food for the creduious it wond be idle 10 speak further than to gay that the Sunday newspa- pers in tber pIaeards, announced that rcpri sais hnl commenced, and war inevitable. This, Of course added to the rritated state of public feel Ing, and, as we had no intelligence of the Caledonia, n began generally 10 be feared that she had necessa- rily been detained bring he result of the Mcleod ria O, even the British envoy. Others were ready to assert that an embargo bad been laid upon her and this idea began to be pretty generally believed hy the ihoughtess when an order went down from the authorities 10 deiain the Britannia for forty eight hours. The arrival, however, of the London and Lii yerpooI packets of the first. settled this question, and the subsequent appearance of the steam ship, qnetcd down the lerturhsd spirits The effect of the intel lgence thus received was evident in the disappoint- neni visible in every counienanee. The " statu a,,o seemed far from agreeable 10 many, and they talked as if disastrous would have been better than none at all. In the mean time, the government have not been idle, particularly in the army and w departments. in ite later, nothing like the ac tiyty now displayed has been visible since the late war-eyery dockyard and arsenal is teeming with busy lifelhe greatest possible exeTiions are making to get A large number of new ships ready, to place those in ordinary into commission immediately, and to ,oan all ships aaoat with full eomplemenis of men. The steamers that have recently been laid down have increased gangs of workmen upon them day and night; and the newly contracted for West India Mail steam ships have been ordered te be ex- pedited with all despatch. :.

 The recruiting for the army is also beiaeparsued with restless energy, and there is some talk of form ing couple more rife regiments for spech service. There have been nc orders from Head Charters for any particular regiments to hold themselves in n'ae-

 ite readiness or foreign service, thaush the oit- cers at Chatham and Wooiwici look forwatd daily for their arrival need not disguise from you the real truth that among the masses in this country war with the Uplsd States just now would be very