The Sun.
London, England, 1848-10-11 00:00:00

they have no reprisals to fear." This last allusion is
most severe, and in any other case would be unfair;
but in the case of M. EMILE DE GIRAIIDIN it is richly
deserved.

The Corsaire says that M. GUIZOT is expected in
Paris next week.

M. VVoLowsKI has presented to the Assembly the
following project for the establishment of a system of
paper currency founded on territorial credit :
" Art. 1. Each proprietor of landed property may
demand from the Treasury the delivery of a certain
amount of obligations hypothecaires equivalent to the
principal of the land-tax capitalised on the footing of
five per cent.
" Art. 2. No privileges nor legal mortgages can
take precedence of these obligations, which will enjoy
all the rights accorded to the tax, and the int2rest of
which, in addition to the sinking fund and the ex-
penses, shall be placed on the footing of five per cent.,
and become payable by twelfths at the same time as
the tax.

" Art. 3. These five per cents. shall be divided as
follows :-1. The obligations hypothecaires will enjoy
for each 100 f. an interest of one centime per day, or
3t. 65c. per annum, payable half yearly to bearer.
2. One per cent. to be devoted to a sinkicg fund. 3.
Thirty-five centimes are to be paid to the Treasury
for administrative expenses, and to take the place of
the duties levied on loans and on mortgage inscriptions.
" Art. 4. There shall be every six mon:Ls a drawing
of the obligations issued ; those designated by this draw-
ing shall be immediately reimbursed at par as far as
there are sums disposable for that purpose. The sink-
ing fund shall be augmented every six months by the
interests on the liquidated obligation.
"Art 5. The debtor may at any time pay cff the
whole or part of the debt not yet sunk, by paying into
the Treasury an equal sum in obligations, which shall be
immediately cancelled. In all cases the sinking fund of
one per cent. will completely liberate the debtor in 42
years.
" Art 6. The obligations hypcthecaires will be detached
from the Grand livre of the Dette fonciere opened at the
Treasury. They will be for 100 f., 200 f., 500 f., 1,000 f.,
5,000 f., and 10,000 f."

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, Ocr. 10.

Namur and Liege, 4% —Northern of France, 6—Paris
and Lyons, 4X.

GERMANY

AND

THE NORTHERN STATES.

AUSTRIA.

VIENNA, Ocr. s.—His MAJESTY has issued the
following resolutions, in consequence of recent events
in Hungary

" ROYAL ORDINANCE.

" I hereby appoint my General of the Ordnance,
and Lieut.-Captain of the Body Guard, Baron RESCEY
VON RICSE, my llungarian Ministerial President,
with the commission to form a new Cabinet.
" FE RDINAN D.
" RESCEY.

" Schoenbrunn, Oct. 3, 1848."
" ROYAL ORDINANCE.
" To the Governors of all the llungarian Juris-
dictions.
" Seeing by virtue of our Royal rescript, hereunto
appended and addressed to the Diet, the kingdom of
Hungary, until such time as the disturbed order and
peace be restored, is placed under martial law, 1 com-
mand you, by these presents, to make public our said
rescript in the dialects spoken in your respective
Jurisdictions, and to regulate your official proceedings
according to it under the extended responsibility.
" FERDINAND.
" RESCEY.

" Schoenbrunn, Oct. 1848."
" ROYAL RESCRIPT.

" We, FRANCIS 1., Constitutional Emperor of
Austria, King of Hungary and Bohemia, tLo fifth
of this named, King of Lombardy and Venice, of
Dalmatia and Croatia, Slavonia, Galicia, Lodomeria,
and Illyria, Archduke of Austria, Duke of Loth-
ringia,: Salzburg, Styria, Carinthia, Carniola, Upper
and Lower Silesia, Grand Duke of Transylvania,
Margrave of Moravia, Prince Palatine of Hapsburg,
Tyrol, &c. &c. &c.
"To the Ecclesiastical and Lay Dignitaries,
Magnates, and Representatives of Hungary, the
Grand Duchy of Transylvania, and all the neigh
bouring Imperial Baronies, now assembled in the
Royal free city of Peath, in the Diet convoked by us,
we hereby send greeting.
" To our deep sorrow and indignation the House
of Representatives has been seduced into very illegal
acts by LUDWIG KO3SUTH and his adherents. It has
even executed several illegal resolutions, contrary to
our Royal will, and has recently, on the 27th
September, formed a resolution, against the mission
of the Royal Commissioner nominated by us, for the
restoration, viz., our Field-Marshal Lieutenant
Count LAMBEBG, before the same could exhibit our
full powers, in consequence of which resolution the
said, our Royal Commissioner, vv as cruelly attacked
by an infuriated mob in the public streets, and most
barbarously murdered. Under these circumstances,
we are compelled, conformably with our Royal duty,
for the maintenance of public security and of the
laws, to make the following decrees, and to command
their execution.

" 1. We hereby dissolve the Diet, which, immedi-
ately after the publication of this our Royal rescript
is to close its sitting.

" 2. All resolutions and ordinances of the present
Diet, not sanctioned by us, we hereby declare illegal;
invalid, and void of all efficacy.
"3. We hereby subject to the command-in-chief
Sclavonia, and Dalmatia,
Baron JOSEPH JELLACICU,
ati'llfl field
troops ash
andal Lu
fCti
armedierota. a
bodies H
of men whatsoever,
whether consisting of National Guards or free corps,
in Hungary and the neighbouring countries, as well
as in Transylvania.

"4. Till such time as the broken peace and order
of the country shall be restored the kingdom of Hun-
gary is laid under martial law ; and therefore all the
authorities are commanded to suspend the holding of
all county, civic, or district congregations.
"5. Our Ban of Croatia, Sclavonia, and Dal-
matia, JosErn:BaronJELLACIIICII, is deputed by these
presents as Commissioner Plenipotentiary of our
Royal Majesty, and we hereby convey to him full
powers and authority, in order that in the jurisdiction
of the executive he may carry out those privileges
with which, under the present extraordinary circum •
stances, as the representative of his MAJESTY, he is
invested.
" By virtue of our Royal full powers, we hereby
declare that all which the Ban of Crotia orders, con-
stitutes, resolves, and commands is to be regarded as
instituted, resolved, and commanded by our royal
authority ; and we hereby graciously command all
ecclesiastical, civil and military authorities, ambas-
sadors, dignataries, and inhabitants Of whatever state
or rank, of our kingdoms of Hungary, Transylvania,
and all the neighbouring counties, that they execute
and obey in all things commands signed by Baron
JosErll JELLACIIICII, as one of the Royal Commis-
sioners Plenipotentiary, like as they are duly bound
to obey our Royal MarEsTY.
"6. We especially charge our Royal Commis-
sioner to take heed that the assailants and murderers
of our late Royal Commissioner Count FRANZ LAM-
BERG, as well as all the movers and participators in
this atrocious deed, be proceeded against with all the
rigour of the law.
"1. The general current business of the civil
administration is to be carried on for the present by
the appointed officers of the several Ministerial
departments as commanded by the laws.
" As soon as the security and conduct of the
common interests of the whole monarchy shall be
permanently re-estr.blished, the equal title of all
subjects be for ever guaranteed, and on this
foundation the mutual relations of all the counties
and people united under our Crown, be regulated,
whatever is most conformable will be deb thal and
legally consolidated by a Council of Representatives
from all parts. _ _

" Given at Sehonebrunn, 3d Oct., 1848.
" FERDINAND.
" ADAM ItESCEY, 11.I.inisterial President."
Weiner Zeitung, Cct. 5.
The news of the defeat of the left wing of the army
of JELLACRICII is confirmed. On the afternoon of
the 3d a division of 8,000 Croats took possession of
the city of Raab and levied a contribution, as the
city was not in a state of defence ; but the whole of
the surrounding country was in arms, and the Land-
strum was assembling at \Veissenburg and at all the
neighbouring towns.
Letters from the Archduchess SOPHIA to the Bin
of CROATIA having been found upon Counts OEDEN
and Evorsz.Zicur, they have been hanged as spies