rhm (07/31/82)
No version of English, old, middle, or modern, ever used "y" for a "th" sound. Try again.
henry (08/01/82)
According to Webster's New Collegiate Dictionary, the use of "ye" for "the" was a consequence of printers using a "y" as the closest approximation to the obsolete "thorn" character (roughly, a vertical stroke with a semicircular loop on the right side), whose sound was that of modern unvoiced "th".
samm (08/11/82)
Despite ..alice!rhm's remark that 'y' was never pronounced 'th', I have a distinct impression that 'ye' WAS used as we use 'the'; this does not say that it was PRONOUNCED the same way, of course. Chanchal Samanta BTL-Neptune (...houxb!samm)