ns; ten millions to be
devoted to the establishment of institutions for making loans on mortgage;
five millions to establish a retiring pension fund for the poorest
assistant clergy; and the remainder to be distributed among the Legion of
Honor and other military functionaries.--The promulgation of these decrees
excited great dissatisfaction, and led to the resignation of several
members of the Councils. M. Dupin, President of the late Assembly,
resigned his office as Procureur-general, in an indignant letter to the
President; and Montalembert also resigned his office as member of the
Consultative Commission.--The first great ball at the Tuileries on the 24th
was very numerously and brilliantly attended.--A decree has been issued
abrogating that of 1848 which abolished titles of nobility.--The President
fills column after column daily in the _Moniteur_ with announcements of
promotions in the army.--Measures of the utmost stringency have been
adopted to prevent public discussion in any form. The manufacturers of
printing presses, lithographic presses, copying machines, &c., have been
forbidden to sell them without sending the buyers' names to the Police
department.--It is rumored that two attempts have been made to assassinate
the President, but they are not sufficiently authentic to be deemed
reliable.

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,