The Sun.
London, England, 1839-07-29 00:00:00

I❑ another part of The Sun will be found some
suggestions for improving our present very imper-
fect system of currency, which deserve the attention
of the Government and the Directors of the Bank
of England. Our intelligent correspondent pro-
poses the admission of silver, under certain regula-
tions, as a legal tender, in order to widen the basis
of our metallic circulation, and thus enable
the Bank to supply itself with the precious
metals without having recourse to those ex-
pedients for procuring gold to which, under the
existing system, it is compelled to resort, and which
are attended with consequences so ruinous to the
commercial interests of the country. It is obvious
that something must be done, and that speedily, to
remedy the evils arising from a too contracted
standard, for as the products of industry are, from
various causes, increasing rapidly, and the supply Gf
gold is not increasing at all, those evils must be-
come more and inure formidable every day.

The critical state of affairs ia the East has created
an extraordinary sensation in Paris. No other subject
' is talked of in that capital ; and, to add to the general
perplexity, the most contradictory rumours are in circu-
lation respecting the occurrences reported to have taken
place in Constantinople. Even the " three glorious
days" have been all but overlooked by politicians, intent
only on the solution of the question of the integrity of
the Ottoman Empire. In our Evening- Edition of
The Sun of Saturday, we published the telegraphic
dispatch which appeared in Friday's 411oniteur, an-
nouncing the betrayal of the Turkish fleet to MEHEMET
Au by the Capitan Pacha. We have since received,
with the remainder of Friday's Papers, the whole of
the Paris Journals of Saturday, but we are sorry to say
that the information they bring consists of rumours
which, for the most part, need authentication. The
Journal des Debats has the following correspondence
from the East :

PERA, JULY 7.—The Turkish Fleet, which left the Dar-
danelles on the sth, was divided into two squadrons, com-
posed of eight ships of the line, twelve frigates, five cor-
vettes, four brigs, two schooners, one cutter, and five
steamers. It is stated that some serious troubles have
taken place at Constantinople ; the old Turks, the Janis-
saries who escaped from the massacre, and the enemies of
European reform, believed that the death of Mahmoud
was the signal of a.letutit to ancient ideas, but their ene-
mies, the advisers (if young Sultan, have been too
strong for them. ThevAtave been numerous executions
at Constantinople, Smyr!se,.and other towns of the empire.
Juel B.—The accounts to-day are favourable to the
maintenance of peace. It is said that the Government,
without doubt terrified at the movements in Constantinople
and other places, has recalled its army to the interior of the
empire, and sent a vessa tv order the return of the fleet to
the Dardanelles. The Russians have not yet appeared in
the Bosphorus.
The Semaphore of 11Jarseilles of the 23d instant,
publishes the following letter from Constantinople, dated
the Bth instant, being but one day later than the letters
received in London on Friday night :
The Semaphore of the 23d instant gives the following
of the Bth from the Turkish capital:—'` It has been at-
firmed that an extensive conspiracy has been discoved_
that Sultan Mabmoud fell a victim to poison, and that
a faction formed in the harem intended, with the assis.
sistance of some of the ministers, to place his youngest son,
Abdul Hamid, on the throne. Some have asserted that
Riza Bey has been strangled, Bekim Bachi exiled, and
several ladies of the harem drowned. Mahmoud, it is
maintained positively, died on the 28th of June, and
was embalmed, but the Divan did not venture to publish
the event till the succession was secure. These rumours,
however, have fallen into discredit. Although public
tranquillity has not been disturbed, some dissatisfied per-
sons hoped to restore a popular despotism, and manifested
a desire to re-establish the old order of things, investing
themselves with a costume which betrayed their intentions,
but banishment and strangling have extinguished these
sparks of revolution. All this has taken place with-
out any disturbance, and almost without being
known to the public. Some troops, destined to
reinforce the army of Hafiz Pacha, have been
detained here, and we have also, at the head of a corps
of 2,000 men, Hussein Pacha, the great agent in the abo-
lition of the Janissaries. We shall shortly have 10,000
men, who, added to the ordinary garrison of the capital,
will be sufficient to keep the -mutineers in subjection. The
young Sultan, though labouring to preserve the reforms '
made by his father, appears to be inclined to respect an-
cient customs, and thereby secure the affections of the
people." Another letter states that the Prince de Join-
ville was on board the Pepin steamer, when it ran up to
Constantinople from the Dardanelles.
In commenting upon this intelligence, some of the Paris
journals suggest that France and England ought to
unite to place Mehemet Ali On the Ottoman throne, as
the only sure means of maintaining the integrity of the
English empire, and frustrating the designs of Rus-
sia. Such a proposal is not likely to meet
with the attention it really deserves ; for after all
it is the integrity of Turkey, not the support of
an enfeebled dynasty that mainly interests Western
Europe.

The following extracts from the Augsburg Gazette
supply the latest accounts from the East, published in
the German Journals received last night and this morn-
ing. It will be observed that they they as conflicting as
the intelligence communicated by the French Journals:—

VIENNA, JULY 19.—News from Constantinople of the
Bth of July has just been received here by express, that
the Turkish fleet had sailed from the Dardanelles. Shortly
afterwards it had a dreadful conflict with the Egyptian
fleet, by which it was totally destroyed.
VIENNA, JULY I9.—(From another Correspondent).—
A letter of the Bth from Constantinople has just brought
the following intelligencq :—The Capitan Pacha has sailed
with the whole Turkish fleet, contrary to the orders of his
Government, to offer his services to Mehemet Ali, and
then, with the Egyptian and Turkish fleets united, to
return to Constantinople, and overthrow the new Ministry,
which is composed of his adversaries. News has just been
received from Syria that the Turkish army, before it could
receive orders to suspend all hostilities, had attacked
Ibrahim Pacha, and been totally defeated. Tranquillity,
however, prevailed at Constantinople.
AUGSBURG, JULY 23.—8 y the Vienna mail to-day, we
have received a letter of the Bth, direct from Constanti-
nople, which confirms the contents of the second letter in
our yesterday's Number, viz., the treachery of the Turkish
Admiral, and the defeat of the Ottoman army on the
Euphrates. The manner in which the revolt of the
Capitan Pacha seems to have been more than suffered and
almost openly favoured by the French squadron, is worthy
of notice in regard to the position of the Powers for and
against Mehemet Ali. The letters do not clearly point
out the day on which the battle took place, but it must
have been on the 21st or 24th of June. We may expect
to-morrow news from Alexandria, brought by the last
steam-boat to Trieste, which will doubtless bring parti.

culars.