The Sun.
London, England, 1821-07-31 00:00:00

THE LONDON JOURNALS.

DAILY EXTRACTS FROM THE MORNING PAPERS.

Ja ig 31.

NIORNING CHRONICLE.]

The panic which seized the Stock Exchange-
last week continued yesterday. Immense sales
of stock took place, and prices fell at one time
full two per tent. The general conviction
seemed to be, that notwithstanding all the
pacific declarations of the Emperor Alexander,
an attack• on Constantinople was decided on, and
that we could not remain idle spectators of such
a war. Numerous stories were circulated of
orders being issued for the immediate equipment
of a squadron, but this we believe to be unfounded.
It is certain that we have strongly remonstrated
and that Lord Walpole is charged with a
mission to Vienna, to apply for the concurrence
of that Powei in a joint mediation. Perhaps the
pretended letter from Paris which we copy, may
have led those in the confidence of Ministers to
the belief that Lord Londonderry begins to feel
that he has been the dupe of Russian jesuitism :

"ODEt,SA, JUNE 20 (JULY 2), 1821.—Jassy was entered
some days ago by the Turks, who have pushed on to the very
banks of the Pruth, • where the Russian troops have, in conse-
quence, been obliged to establish their cantonments. Cantacuz en e
has fled to the Russia quarantine. Ypsilanti is entirely'cut off.
The Patriarch was buried with great ponip last Sunday. The
Jews were furiously attacked by the populace and Greeks ! !
The Synagogue was gutted, and some lives were lost.—lt is ge-
nerally believed that Ali Pacha is resolved to become a Chris-
tian, and to declare himself King of Albania."

Italy is now in the full enjoyment Of the bless-
ings of legitimacy, paternal Government, Aus-
trian bayonets, &c. The Constitutional System
has been put 'down for a time (we hope for a
short time only) in that ill-fated country, and
oppression has nothing to fear for, the present.
The friends of liberty, however, have the satis-
faction of seeing Spain and Portugal, assume
every day a more cheering aspect. Those who,
on the faith of support from the Holy Alliance,
attempted insurrections in Spain, have been every
where put down ; and little fear is now enter-
tained in that country of the possibility of a
counter-revolution. The hopes of the abettors of
the old system of abuses have been also frustrated
in Portugal. We can see very well from the
hints every now and then thrown out to the Sove-
reigns of Spain and Portugal, that there is no
want of persons in this country who would be
glad,to see these Sovereigns act the same perfi-
dious and perjured part towards their people,
which was acted by the Sovereign of Naples, and
to see the Peninsula involved in all the horrors
of civil war. We trust, however, that they will
be disappointed in their expectations. The Legis-
latures of Spain and Portugal seem to be taking
every day a deep6r hold of the affections of their
fellow-citizens.—(lbid.)

[MORNING POST.I
French Papers to the 28th inst. bring a va-
tiety of articles respecting the events in Turkey,
and many statements, or rather rumours, of what
it is supposed will be the course pursued by the
Emperors of Russia and Austria, on the occasion.
According to some of these, the Greeks are only
to change their masters : they are to be relieved
from the oppression of the Turks, in order to
become Austrian and Russian subjects. Ac-
-cording to others, the proposed interference will
be extended in a more generous manner, and
will not exceed the strict necessity of the case.
64 A treaty for the partition of European Tur-
key," says the one, " has already been signed ;"
whilst the other attributes the " tardiness of
the Russian Government, in disclosing its defi-
nitive intentions- respecting the affairs of Tur-
key to its negociations on this subject with
the other great Powers, the result of which will
decide its future conduct." In this_multiplicity
of statements it is difficult to discover which is
most entitled to credit. The last, however, ap-
pears to us to possess every ground of probability.
Beneficial as it might be to Russia to extend her
empire to the Bosphorus, it is not her interest to
do it, not only at the risk, but with the certainty
of bringing upon herself the hostility and the
arms of all the other great European Power S—
. acquisition, important as it might be, would
not be equal to the price at which it must be
paid. The Emperor Alexander has had too close
and too fearful a view of the danger of an all-
grasping ambition ; he has borne too active a
part in repressing its encroachments and effect-
ing- its downfall, not to feel that the same perils
must surround, and the same ruin overtake him,
if he follows the example of that man, who only
heaped up kingdoms on kingdoms, to see the
disjointed mass crumble at a touch and bury him
under its fragments. The true policy of Alex-
ander is to interfere, but to interfere in concert
with the rest of the European Powers. Let him
act as Austria has done in the case of Naples ;
not to add to his dominions, but to remove a tyran-
nical and atrocious Government, and afford the
means of erecting a proper one in its stead. No,
fears then need be entertained for the balance of
power : for what alteration has been occasioned in
that balance by the temporary occupation of
Naples and Sicily by the Austrian troops? Is
the Emperor Alexander less to be trusted than
the Emperor Francis ? The existence of a legi-
timate dynasty and of an independent kingdom
has been left entirely at the mercy of the one—
why should The interference of the other, to save
five millions of Christians from the daggers of in-
furiated Mussulmen, create nothing hut anxiety
arid alarm?

[MORNING HERALD.]
We are still without new or decisive intelli-
gence of the Greek insurrection, or of what is
more important, the movements of the Russian
army. The accounts that have come are little
better than unauthenticated affirmations ; that
(for instance) the Emperor has given orders
to his troops to march upon Turkey ; that
Russia and Austria have come to an under-
standing *respecting the course to be ob-
served towards Turkey : again, that there is a
backwardness on the part of Russia, which is to
be attributed to negociations entered upon with
certain Great Powers, the result of which once
known, the Emperor Alexander will take deci-