12 JANUARY 1895, Page 3

The "Hungarian crisis" has advanced one short step. Count Khiin

Hedervary has failed to form a Government, and the only remaining alternatives are Count Banffy, who is a determined Liberal, a recall of Dr. Wekerle, or a Conserva- tive Administration. It is probable that the second will be the course ultimately adopted ; but the Emperor-King -evidently dreads some project which nobody reveals.