16 DECEMBER 1865, Page 2

The Emperor of Austria opened the Hungarian Diet at Pesth

on the 14th inst., in a speech unexpectedlyliberal in tone. He attributed the difference between Austria and Hungary to be the maintenance on one side that rights had been forfeited, and on the other, that they had uninterruptedly continued. For himself, he took his stand on the Pragmatic Sanction, which guarantees the autonomy of Hungary and its possession of its dependencies. He would lay before them the Imperial Patents of October and February, and truste I that any modifications to be made would be in accord- ance with the vital necessities of the realm. Some of the laws, too, of 1818 must be revised —not as illegal, but as inexpedient. The speech was exceedingly- well received, the Hungarians being delighted with the acknowledgment of their nationality,—which, by the way, is a real victory. The calm resistance of sixteen years has shattered the power of the Hapsburgs, and Hungary, isolated and conquered, has regained its free Parliament and right to remodel its own laws. It is moderation rather than a show of strength which is now required.