26 JANUARY 1861, Page 1

NEWS OF THE WEEK.

TEE event of the week has been the sudden change in the policy of the Court of Vienna. Up to Saturday night, it was under- stood that, in the midst of a reactionary Court, the Emperor at least stood firm, that he was aware of the necessity of concession, and unwilling to commit his House once more to a struggle with his people. Monday, however, brought orders which indicate a serious change in the "reactionary " direction. The Comitats of Hungary have been sternly commanded to desist from reorganiz- ing the bases of the old constitution, the elections of refugees have been cancelled, and Hungary menaced with " energetic measures " of repression. The Hungarians are wild with rage, and accuse the Vienna Cabinet of premeditated treachery. The Kaiser, they affirm, is no sooner relieved by the Italian elections of the dread of an attack upon Venetia, than he nullifies all his promises, and once more appeals to force. One Comitat, that of Month, has replied energetically, that it will re- spect the laws, but that all orders issued without the sanction of the Diet are illegal. The remaining Comitats will display equal spirit ; and the Hungarians, worn out with promises, are reported to be once more determined to appeal to arms. They are now masters of the situation. All Count Ca- your's moderation and Garibaldi's concessions, all the efforts of England to avert war, and all the unwillingness of the French Emperor to risk a general conflagration just yet, will be vain if Hungary appeals to arms. Neither Italy nor France are likely to lose so good an opportunity of carrying out their respective objects. With Italy on one flank and Hungary on the other, with a bankrupt treasury, and an ill-concealed feud with St. Petersburg, the Austrian empire stands in danger of actual dis- solution. That event would be a calamity for Europe so serious, that even the enemies of the House of Hapsburg may unite with its best friends in. urging it to moderation.