The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-09-05

Inc TURKISH quesuon mas ..hat,x ,lauaa |
ts part on the worlds 81 90. ~ 1s5s while
We write it may be mo <,n, 10 ev;t amid the
of G ,,. -, A., h0,,,. 90
ambassadors The
- most angelic good nature,
" 'D' telegraphic dispatches, has re-
49, ~ ), It surly jealousy and strife in the
"e''' Ae contending Powers. Nicholas is
ea1'' :" II asserted to withdraw his troops
iom le Principalities; France and England to
W taefr fleets; Austria to resume its position
o. apconcerned spectator; and all four to give
utsesance to the most charming mutual compli-
anehts The telegraph from CoHstantinople
anticipates the decision Of the Divan on the
propositions agreed to by the four Powers, and
promises safely enough. for what else could
he dop-that Abdul Nedjid will ratify the COM
promise which his allies have arranged. Lord
Palmssston assures the country that Parliament
may safely be prorogued. The organs Of Louis
Napoleon treat with scorn the idea of the rejec-
tion-of the proposals Of the allied Powers by
Turkey Finally. the Queen congratalates her
subjects on the prospects Of peace, and cotton
is'steady.
So vanishes The spectre Of war for the pre-
cent. He has strutted long enough before as,
frightening quiet people, appalling the mer-
+ chants and delighting the hearts of American
wheat growers and British soldiers. The ter
rors Of the one and the hopes of the others have
alike disappeared. Money will be allowed to
fluctuate according to the known laws which
regulate its price in time Of peace Specula-
ton viii thrive, unchecked by fears Of sudden
contraction. A fair market, as times go, will
continue to offer for manufactures and raw pro-
duce. Exporters win cease to calculate the
chances of war being declared before their yes
sells reach port and some ugly privateer run
ming across their bows in retired spot on
the ocean Fortunately. these pleasing pros
poets are not even married by the chance
of loss to those who would have profted
most by European war. Providence mas at
tanned the end they desired by other means.
Flour is steadily rising in the European mar
kets, and the gloomy accounts which reach as
from France and the East hold cut every pros
pect Of the rise being permanent one. Tie
only losers. in fact, by this last turn OF Fortunes
/ wheel. will be the lazy, good-for-nothing fell
lows who eat royal beef wear royal livery.
and carry large skewers of steel wherewith to
stick the foes of their royal master or mistress
These who, like the lilies, neither SOW nor spin.
and are yet arrayed in gorgeous colors, had
risen into sort Of consideration when war
overhung the horizon. Peace has restored
them to their natural level, and the only wish
that a reasonable man can entertain is that
they may ever remain there.
There can be no question that the settlement
Of the difficulty and the probability Of peace
continuing ought to be matters of sincere re-
joicing here If the quarrel. hes produced no
other fruit it has at least taught US to examine
the relation in which we stand towards Europe,
and led us TO see that, Independently of politi-
cal considerations our interests are to a very
large degree interviewer with hers. People
saw plainly enough, when war. seemed incvita-
bic, that one of its earliest effects would be to
check speculations in Wall street to contract
| money here as well as in London, and to para
lyze many Of the important enterprises which are
on foot in this country. Previously, we had been
so accustomed to regard ourselves as uncon-
cerned spectators Of the imbrog,io of European
politics, that we felt scarcely mere interest in
orders Of foreign nations, than we do IN histo-
res Of the past. Barren sympathy with the
oppressed. and a halfconcealed leaning to-
wards foreign democrats, were all that accounts
Of European connections could excite among
the respectable portion Of the community.
The reflections which the events Of the last few
weeks have suggested have led we>velieve to
very different frame Of mind. It IS now toler
ably well understood that we should necessa-
rily participate in the injuries that European
war would infict. And though we cannot be
called upon in such an event to bear STARE of
the actual toll and heat of the day, 1t is quite
probable that our indirect interest would lie as
great as if we were bound to preserve the Enro-
pean balance Of power.
To link ourselves with any other nation so
as to render ourselves liable to be called upon
to defend Prince This against King That. or to
vindicate the private honor Of one monarch
against the aspersions of his neighbors, would
obviously be a most foolish proceeding. It is
one, happily, against which the wise admonition
of Washington has warned us in time. But we
must be careful how we interpret entangling
alliances" We must not extend il beyond the
cases above mentioned. Practically, we are at
this moment entangled in alliances Of the
closest description with every nation with
which we trade. The alliance is not written
on paper. and signed by plenipotentsries,
but--what is much more binding-it il daily
ratified and approved by almost every indi-
vidual in the country. Collectively, as peo-
pie we have the same interest In the soIvency
and prosperity of England that merchant has
those Of his correspondent from whom he
buys and to whom be opens a credit. What
alliance can be closer than this!
We repeat it, we have reason to be grateful
to the Gar for having been the means Of
spreading this conviction among us. For the
hnlk OF the thinking community NO snch event