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"Nh,i write, rhe edey of the President of the un'I'si States is hanging en galows upon the public squar 2, clad in sable suit, with badge raund is hat, on winch is inscribed ''Netu.'

 We publish this evening from the Philalelrha In qu'rer an interesting article touchins the opnions of the English press on the Mcleod case

 Since the termination of the recent elections in that country the pagers have taken up the subject with great deal of spirit and aecrmony. The I.on- don Times, which is the most influential of lhe tory press, accuses the whig administration of great nrl hciency and insists that Lord rahnersion dsgraeed both himself and his country, by submitting o what II calls the insnlcnce of lhe Uniled States. The London Herald follows in the wake of the Times and proposes more decided measures.

 This latter paper is in the interest of the Duke of Buckingham, who w probably be the most power iul member of the new tory cabinet He is the lar sest landed proprietor in England, and as war would divert the attention of the people from the corn law question, his dpositon is decidedl, beg, geIant.

 The London Times some ten years ago was hitter ly opposed to Peel. Ii is now his warmest advocate. From this fact, an inference may be drawn of what feeling the new cabinet entertains on the question

 What is particularly ominous at the present june ture IS the silence of the leaders the question: while the popular mind seems to be decidedly disposed to- wards immediate war

 "In vain," (says very intelligent London Cor res ondent of the New York Journal of Com merce,) the eye gazes over column after column of 1 election harIangues or dinner oraiions, eInanatng from such personages, for the purpose of solving the problem. Nothing is to be found ialing from the lips | of n Peel, Stanley or Graham, which will enable any one to trace the drift of the nRnd, or the disposition of the individual. But though the great mei among the Conservatives are discreell silent upon such toe pics their mere followers hangers on, and particular friends, both political and private, display no such delicacy ol mind, or resolution, They boldly avOw that blow will be struck retrieve the outraged honor of Great Britain-that twill be left for the strong, vigorous, Tory Guvernmeat to vindicate the rights and liberty 0l an ncarcerated British subject and that, if Mcleod shall fall victim to the surine. ness and indifference of the Melbourne Cabupt, the Foreign Secretary will at be dragged to the ba, of the House of Lords and there undergo charges ol impeachment. am giving you the opinions and sen. timents of men of wealth, and rank and character who feel themselves indignant at what has taken place aud wish to lnfse the feeling into the breasts of all who will listen to their furious outcries and vengeful aspirations. These persons find any thing

 

 see who you may, Tory, Whig, Radical or Uhartlsi all appear uneasy, annoyed, outraged and enyenomed and am perfectly certain that il the Tories were to follow up the Mcleod question with declaration ot war, they would soon become excessively popular and could then point t0 their decision of character determination of action, and patriotic preparations as safe and secure grounds for demanding long con tlnuance of public support, appropriation and conf denoe."

 It is we'll known that Peel, drng the recent can vass, expressed opinions which were supposed to bt favorable to the preservation of peace. At that time however, the decision of Justice Cowan was not giv en, and it was pretty extensively believed in England from the concary tone of Mir. Webster's letter, anl his yielding the whole question in his instructions the Attorney General some weeks beore that Mcleod might possibly be acquitted without a trial. Since then the determination of New York has shown tht people of England, that all the buster of Mir. Fox and the dying ebulliton of the Palmerston minis try, have had no effect whatsoever.

 In this view of the case, think the silence O the new leaders to intimate that they have not yet made up their minds to which Is the pro per to be pursued The interests of the mi nistry, both individually and party, would nc doubt be promoted by war, and probably the onl, check on its immediate declaration, is the presen disposition of the continental governments.

 At all events, preparations raridly going ou on the largest scale for such issue, as the follow ing extract from ministerial paper shows.

 "A very large contract is announced by the com missioners for executing the office of Lord High Ad nira of the Navy It is for noi less than 15 O00 nav, terces ofpork. The last contract was much below these quantities, and it shows that it is the intention of government 10 have in the most efficient state tn, naval department oftne Kingdom. Whilst doubt ex lsts on the adjustment of the Boundary Question: il IS probably the desire of the Ministers to show to the American Executive, that eff the worst come to the worst, the tight little isand'' is prepared to yind cate her right to the disputed land"

 At Halifax various expensive lurtresses are re pairing and rebuilding, and upon them five hundred men are now al work. At Louisburg, the old Frencl forts are being placed in fighting order. The Jour nal oi Commerce says, they learn by a gentleman from Halifax, that the feeling there, concerning tn, detention of Mcleod, is active and loyal. Should ht be condemned, they ready to sustain the Brtisl Government in any action they shall deem it just anc polite to pursue. sea captain in New York re gently from Halifax, says that he has never knowr such formidable array of battle ships and muntion: ofwar in that port at the presenl hour.

 In view of these formidable preparations our go vernment has done nothing, and the interests of the country are entirely lost forgotten in the struggle at Washington among men who seem to have no O ther purpose in view than the supremacy of theiI impotent party.

 SOUTH AMERICA, VIA HAvANA-By papers re- ceived at New Orleans from Havana, late adyices have come from South America The following we extract from the Bee

 NEW GRENADA-The nsurrections in the south ern part of the republic still contnue and have occa- stoned much consternaton among the nhabants.- The commander in chief of the Ihird