The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-09-02

pitalists were, warned against taking our
national loan. We took it for ourselves Our
banks guaranteed the loan; the people bought
tin with their earnings, savings, hoardings and
surplus capital, and Wall street, apparently
without an effort, now supports the tremendous
expenditure ola million of dollars day.
No wonder that foreigners cannot understand
vitality and energy SO novel in the experience
of the world. With ears stuffed with bits of
cotton it will be some time after the echoes
have die. away before they can hear the joyful
shouts from all sections Of the country which
shall announce the Union restored and glorious
as Of old. 1t is sufficient for us that
we understand ourselves, for we have
been thrown upon our own resources
entirely during this war, and have to
thank foreign nations only for melting and
complicating it. If they will but get the dust
of centuries of prejudice out of their eyes, how
ever, we can show them an uprising here which
may teach them something of the capabilities Of
our people; an uprising of the North, emerg-
ing like phenix from the dust Of Bull run; an
uprising Of finance, which once seemed ruined
and disordered; an uprising of trade and COM
merce, recently almost broken up and destroy
ed; an uprising Of music, of the drama, of the
fine arts, which always languish with nations
adversely, and flourish, the accompaniment and
the indications Of nations prosperity; an up
rising of manufactures and of all sorts of bust
ness under the impetus of renewed trade; an
uprising of nation not yet shattered and dead,
rs croakers would fam have had us believe; an
uprising of public confidence in the strength
and perpetuity Of our government; an uprising
of q new age, more glorious and eventfui, and
pregnant with greater consequences and respon-
sibilities than any which has preceded ii.
Yes, the administration now begins to emu
late the energy Of the people and takes the van
| of the onward movement. Commercial men,
merchants bankers, tradesmen, manufacturers,
! Gnancers and capitalists feel the confidence of
the country, and hail the first bright CLEANS of
renewed prosperity. Artists, actors and sing
crs prepare themselves to afford us relaxation
and amusement from the tolls of business and
profit. The country begins to be itself once
more; and if within the next two weeks we give
the rebels tremendous thrashing along the
| Potomac-as we will If they will afford us the
opportunity-the coming winter will be one of
tho most busy, brilliant gay and prosperous
thatwe have ever seen. The signs of the times
are most hopeful. and with such country,
such people and such a cause as ours, there
can be no such thing as a disappointment.
A New LIGHT OF THE AGE.-Unless we are
greatly mistaken, the new Sultan of Turkey
Abdul-Aziz, is destined to prove himself one of
the master minds of the present generation.
Discriminating his real views up to the period
Of his accession, being always supposed to be
retrograte in his tendencies, he no sooner comes
| to the throne than he throws aside the mask
| and proves himself reformer more stern and
selfdenying than any Asiatic monarch of whom
we have record. Repudiating the polygamist
practices of his predecessors, one of his first
acts is to reject, with an emphatic rebuke, the
beautiful slave presented to him, in accordance
with the annual custom, by tho Sultana mother.
Gone wife has hitherto sufliced me-" nobly
answered Abdul, "and to her I will remain
faithful" We need not enlarge upon the effect
which such an example must have upon his
people
The greatest evil which has afflicted the
Turkish empire, and which has brought it to
the condition so pithiiy described by the En-
peror Nicholas in his contemptuous phrase of
the sick man." has been the corrup-
ton and prohigate expenditure which
&c AIo
ment from the ministers down to the
lowest employee. The last monarch, unhappily,
not only made no effort to check those evils,
but encouraged them by his own habits. The
expenses of his civil list were enormous, his
seraglio alone costing fabulous sums. His sue
cessor has commenced his reforms in signii-
cant manner, by dismissing and providing de-
Gently for all its fair inmates, contenting him
self with comparatively small allowance for
the maintenance of his own and his cOnsorts
households. But what more strongly marks
the character of the man is his sending, to be
disposed of at public auction in London, for
the purpose of helping to dcfray the debts ac-
cumulated by his predecessor, the jewels be-
longing to the seraglio. From monarch who
takes this stern view of the duties and realities
of his position, what may not be hoped?
In the obscurity in which he clothed his real
disposition and intentions, in his concealment
Of his son from public knowledge until the mo-
ment of his accession and in the decision and
energy Of his conduct, once he found himself
unfettered, we recognise many of the traits tlat
distinguish the French Emperor. In the virtues
of self-denial and a contempt for oaentation
he is, however, greatly his superior. What the
Mussulman prophet proved to the n"del ten
denotes of the Asiatic populations, Abdul-Aziz
is likely to prove to the political abuses through
| which the Turkish empire is crumbling to ruin
| God seems to have created him for the crisis of
| its fortunes
| THE PROGREss OF Our ARMs.--The late bril-
liant naval victory at Hattcras, the energy Of
Fremont in Missouri, as displayed in his procla-
nation, and the activity and discipline which
mark the career of Mcclellan on the Potomac,
all conspire to give new start to Our arms and