Austria And Hungary.
The Austrian Emperor issued on New Year's day three decrees, formally annulling the Constitution of March 4, 1849, and promulgating certain fundamental principles of the future organic institutions of the Austrian Empire. The first decree declares that, after thorough examination, the Constitution has been found neither to agree with the situation of the empire, nor to be capable of full execution. It is therefore annulled, but the equality of all subjects before the law, and the abolition of peasant service and bondage are expressly confirmed. The second decree annuls the specific political rights conferred upon the various provinces. The third decree abolishes open courts, and trials by jury, requires all town elections to be confirmed by the Government, forbids publication of governmental proceedings, and destroys every vestige of the Parliamentary system. These measures make the despotism of Austria much more absolute and severe than it was before 1848.—Proposals are in active preparation for a new Austrian loan. In consequence of this, Baron Krauss, the Minister of Finance, resigned, and is succeeded by M. von Baumgartner.—The members of the London Missionary and Bible Society, who have for many years resided at Pesth and other Hungarian towns, have been ordered out of the Austrian states.—In Prussia strenuous efforts are made by the reactionary party to secure the abolition of the Chambers and the restoration of absolutism.—It is said that the Austrian Government has received from Earl Granville, in reply to its demand for the suppression of revolutionary intrigues carried on in England against the Continental Governments, assurances that every thing should be done to meet its wishes so far as they were not incompatible with the laws and customs of England.—The Austrian Minister of the Interior has directed a committee to make a draft of new laws for Hungary on the basis of the decrees of the 1st of January.