The Sun.
London, England, 1851-01-18 00:00:00

GERMAN Y.

It is an accepted fact that a full understanding has
been come to by Austria and Prussia as to the basis
of the new executive power for Germany.
The Voss's Zeitung of this morning contains the
following article :
" The differences said to have arisen in Dresden, are,
we believe, arranged. With respect to the constitution
of the supreme executive organ, an understanding has
been effected, and thus the secondary States will be pre-
vented from continuing to play the part they acted
throughout the last summer with some degree of success.
It is already known that Austria favoured the scheme of
Bavaria—that of having a third Power in the Executive
beside Austria and Prussia—a third element that was to
represent the rest of Germany. Bavaria thought to
secure the influence of this third elenient, and thus to
smuggle itself into the council of the two great States.
Perhaps Austria had, in Bregenz, promised to support
this scheme, which would be damaging to Prussia, but
could not injure itself, for Prussia in the Bund having
only a German territory would have been on an equal
footing with Bavaria, whilst Austria entering it
with its large non-German States would remain the
great Power that it is. Austria would be the prepon-
deraring Power in Germany, which Bavaria and Prussia
would necessarily have to follow. Prussia opposed this
plan, and was fully supported in its opposition by the
small States, which are ready to accept the supremacy of
Prussia, but will not recognize Bavaria as a great
Power. Prussia proposed either that an Executive
should be organized containinz a Dualism (itself and
Austria) as iu the Provisional Commission of the Bund,
or that all the German States should take a share in it.

" After a long and warm debate, it is understood that
the Dualism is rejected, as well as the Executive with a
third element, and the system chosen by which the Ex-
ecutive power will be shared by all the States. It will
consist of a Directory and a Supreme Executive, in
which each State, according to its influence and ability
of performing fixed Federative obligations will have
a voice or a share of a voice. Te details cannot
yet be given, as some modifications may yet be
made in them; but thus much may be stated with
certainty, that the Directory will include eleven votes,
cf whic Prussia and Austria will have two each, and
that to enable it to act with effect against external and
internal enemies, it will have an army of 135,000 men
at its disposition, to maintain which all the states will
be bound, and each state will preserve its voice in the
Directory only by the performance of the obligation
thus imposed on it."

The Prince of Prussia will return to Coblentz im
mediately after the 18th.

DENMARK AND THE DUCHIES.
After the submission of the Lieutenancy-General
of the Duchies of Schleswig-Holstein to the federal
Commissioners, a sort of diplomatic congress was
opened at Hamburgh, consisting of those Commis-
sioners, of a representative of the Lieutenancy-
General, of the Government of Lauenburg, and of
the two Danish Commissioners, for the definitive ar-
rangement of the affairs of the Duchies. " The two
representatives of Dennmark (says the I:dependance of
Brussels) raised pretensions to which the federal
commissioners did not seem disposed to subscribe, and
grave difficulties were foreseen. Denmark, in the
first place, protests against the occupation of Rends-
burg by the Hoolstein troops. On this point, bow-
ever, it is thought that satisfaction will be given to
it." The Danish troops bad left their positions on the
frontier of Schleswig and Holstein, to return to those
of Dannervirke.

A letter from Copenhagen of the 12th mentions
the departure of the Danish Minister of Finances for
Dresden and Vienna on a diplomatic mission.

SPORTING INTELLIGENCE.
BETTING AT MANCHESTER.-FRIDAY.

LIVERPOOL STEEPLECHASE.—AII the horses quoted
have been backed during the week, although the weights
have not yet been publizhed.
CHESTER CllP.—Rhesus has been in very great force
at 15 to 1 ever since the weights appeared to-day, when
those odds were currently ofllred. Cossack, Wallflower,
Lady Evelyn, Knight of Avenal, Raby. Italian, Flying
Gout, Haricot, Peep•o'-day Boy, and Woolwich, have all
been in great force, and there is every appearance of a
large amount of business being done upon the race.
Cossack was backed once at 22 to 1.

LIVERPOOL STEEPLECHASE.-12 to 1 agst Sir John
(t), 12 to 1 agst Vainhope (t), 15 to 1 agst Peter Simple
(t), 100 to 6 agst Sir Peter Laurie (t), 100 to 6 agst
The Young-un (t), 100 to 5 agst Lord Geeorge (t), 100
to 4 apt Maria Day (t).

CHESTER CIIP.--15 to 1 agst Rhesus, 25 to 1 agst
Cossack (9, 27 to 1 agst Wallflower (t), 25 to 1 agst
Lady Evelyn (t), 30 to 1 agst The Italian (t), 35 to 1
agst Knight of Avenel (t), 40 to 1 sgst Ruby (t), 40 to
1 agtt Flying Gout (t), 40 to 1 agst Haricot (t), 50 to 1
agst Peep-o'•day Boy (offers to take), .50 to 1 agst
Woolwich (offers to take).

RACING FIXTURES FOR 1851.
The following are the present fixtures as nearly as
we can aecertain:—

Lincoln