The Sun.
London, England, 1828-09-25 00:00:00

month—the checks they have received on so many
points—joined to many other circumstances, have
made that a problem which lately appeared to be
considered by the world as a certainty, and in
some measure lead the way .to the intelligence that
Nicholas has retreated towards Varna -to 'direct in
person the final operations of the siege there. It is
added, that after the capture of that place the Em-
peror intends closing the campaign, and returning to
St. Petersburgh ; his army will take up itsiposition
on the banks of the Danube, at the principal passes
to those provinces which they have evacuated, and
in such strong holds as have yielded to their power.
These reports arc repeated in most of the German
Papers, which appear to have received them through
various channels ; they wear a pretty authentic cha-
racter, and accord with the advanced period of the
season; the-time approaches when the coasts of the
Black Sea will no longer be navigable, and before
long the pass of the Balkan, which at present pro-
tects an army of more than 100,000 men, will have
for their protection those torrents and snow storms
which in winter render the defiles of those moun-
tains almost inaccessible to the movements of an
army.
It is needless to remark on the importance of this
news, if it should be confirmed. If it is true that
Nicholas no longer intends pursuing his present ope-
rations, it is more than likely that the Porte has es-
caped from the dangers which tliteatened it. One
of two things must be true—either Russia is appre-
hensive of consequences, in which case European
,illiptalacy will intercede with the pacific intentions
of the Emperor; or she has come to this pause to
4alse breath—she is desirous of re-assembling her
troops to re2ermence the strife with greater, vigour.
But: next *fear the war will be ten times. more in
favour of the Turks. If, taken by surprise, they
have acquitted themselves thus creditably, what may
not be expected after six months' preparation ?,
The European Powers will also be differently
situated. From being mere spectators at present,
they will then become actors on the- scene, and we
shall not be surprised if they finally become the firm
supporters of Turkey.
Other consequences may also be expected.- Our
situation in the Mores will become more complicated
than ever, if the Porte be delivered from the.Rusa
sians ; and from what we know of the character er
the Sultan Mahmoud, can it be doubted that he
hasten to take the advantage of his situation ? He
will hurry his troops from the Russian frontier to
the Grecian scene of action, and what sacrifice can
be made to prevent the irruption of 40,000 barbarilbs
in the Peloponnesus, where there are but 16,000
soldiers to withstand them ?
The mere possibility of such a danger ought tete
sufficient to awaken the concern and vigilance Sf the-
French Government. Its duty requires it to fore-
run such events as may happen—to foresee all—
and to adopt such measures as may tend to support
the national dignity, at the same time that proper
care is taken of the preservation of the public money.
and of the blood of our soldiers.
FaeNcu FUNDS.—.-PARIS, SEM 22.—Five per,Cents.
103 f. 83c. 90c. 95c. ; Three per Cents., '73f. 95c. 74f.
74f. 5e.; Bank Stock, 1,793 f.; Naples, 79f. 45e.; Royal
Spanish Loan, 77f.; Ila.ytian Loan, 665 f. Exchange on
Loudon—One Month, 23f. 30e. ; Three Months, 25f.
1 sc. —Cours Authenlique.