26 DECEMBER 1863, Page 1

The Army of Execution has entered Holstein. The Saxon advance-guard

entered Altona at 8 a.m. on the 24th, the Danes retiring as they advanced., As the Danish soldiers quitted each street, it was instantly dressed with German flags, and at a meet- ing in the evening the principal inhabitants proclaimed Prince Frederick legitimate ruler of the Duchy. The magistrates pro- nounced for him, and, as far as German accounts can be trusted, there is every sign that the population is unanimously with the invaders. The point now remaining to be decided is, whether the Germans, feeling themselves unopposed in Holstein, will insist on seizing Schleswig, or whether the Danes, seeing that the succession question is being settled under cover of the federal execution, will not prefer, at all hazards, to declare war. The situation is fright- fully serious, as one shot from an angry Danish soldier would now open a European war.