The discussion is a serious one, and much may be said on both sides; but it must be accorded at once in favor of the Porte, that the Viceroy of Egypt is not to be considered as an independent sovereign merely paying tribute to a superior power, but as an officer of the Empire. Certainly, he holds a distinguished position; and his case is an exceptional one; but very imprudent would be any who should advise him to take the same ground as Mohammed Ali, even after his defeat and expulsion from Syria, was allowed to assume. He has been levying troops, and is said even to have victualled his fleet to give more weight to his negotiations; but it is not probable he will draw the sword when, by giving way a little, he may establish a character for moderation, and be left undisturbed in a position sufficiently splendid to satisfy a very respectable ambition. On the other hand, it is hoped that no undue heat, no petty jealousy, no minor considerations of self-love--excited and encouraged by the numerous runagates from Egypt, as Artin Bey and his fellows--will finally govern the councils of Constantinople. Many missions have passed from this country to the Porte with the object of warding off the blows that are being aimed at the authority of Abbas Pasha. Probably they ask too much, as is always done in such cases; but, if reports speak true, they have been answered with an asperity which seems calculated rather to provoke a quarrel than to lead to a satisfactory settlement. The great question now is about the Tanzamat promulgated by the Porte, which may be briefly described as a well-intended attempt to introduce some kind of order into the administration of the empire, to substitute certain rules in place of arbitrary will, and generally to control the actions of what are called the great men in their relations with those who, we suppose, may be described as the little men. Such a scheme, even if imperfect in its details and difficult to be applied, must command our sympathies. The provinces of the Turkish empire--and Egypt is at least as great in degree as the remainder--have been too long the sport of caprice; and if it be the secret object of Abbas Pasha utterly to prevent the introduction of this new system--to refuse it even a fair trial--he will most certainly, whatever may be the effect of obstinate passive resistance, receive no countenance or support from England.