The Sun.
London, England, 1850-12-16 00:00:00

SPAIN.

Madrid journals of the 9th have arrived.
There was a rumour which, however, did not obtain
much credit, of the approaching retirement of
NARVAEZ. .

MADRID BOLSA, DEC. 9.—The
Cents. were at 12f to 124.

Five

PORTUGAL.

Accounts have been received from Lisbon to the
9th. The new Cardinal was enthroned on the sth
with much pomp. A grand banquet was given on the
occasion, to which the British Ambassador and the
officers of the squadron were invited, but they declined
the invitation.

GERMANY.
The following is the memoir addressed by Prussia
to the Princes of the League on the subject of the
Olmutz Convention :

" MEMOIR.

" Berlin, Dec. 3.
"The thought which formed the bases of the Olmutz
punctuation ' on the part of Prussia is, that Prussia's
political position demanded the acknowledgment that
' no German question can he decided without her par-
' ticipation ; and that, consequently, neither the Electoral
Hessian:or Holstein questions could be &ally determined
or parte (einseitey) by the Governments assembled at
Frankfort in the name of the Confederation. Pros-
' sia's military position demands that no foreign army
shall be established either between two portions of the
monarchy, or at the back of the same, without a cor-
responding deployment of her own military forces in
these very quarters. If both, or either of the two, re-
fused, war must ensue. The sacrifices for this war would
be justified by Vie country, and the war itself justified by
Europe.
" Oa the other hand, were both secured—were the
acknowle dment guaranteed, not only in principle, but
in fact—were the withdrawal of the Prussian troops not
demanded—then no concession is made on the tempo-
rary occupation of Hesee by foreign troops, called in by
the Sovereign, and no danger which might justify war in
the eyes of the country and of Europe.
" These radmissions] have been allowed by the Olmutz
punctuations.'
"The Ist section contains the recognition of the prin-
ciple. In this paragraph the said pi inciple receives prac-
tical application by the establishment of a joint commis-
sion, in which Prussia and her allies, on the one side,
and the Gevernment assembled at Frankfort on the other,
stand side by side in co-legal parity.
"By the 3d section, the passage of the march routes
is secured through explicit guarantees on the part of
Austria and her allies, and under the provision that the
march routes themselves shall be held henceforth by
Prussia, so long as the security of her military interests
demand it. To that must be added the joint occupation
of the capital, with the assent of the Sovereign, without
which such a measure would be a direct violation of his
sovereign rights.
"On the other hand, Prussia concedes that the forces
called in by the Sovereign shall, for the time being, and
without prejudice to future decisions, reinstate his au-
thority, which—it can with difficulty be denied on any
side—is de facto destroyed (vernichtet). That [authority]
will be, in fact, restored, whilst the legal decision
[thereon] will be reserved.
"This legal decision has hitherto been claimed by the
so-called Diet in Frankfort, and all participation on the
part of Prussia refused, unless under federal forms.
" The same may be said of the Holstein question, in
which the Diet desired to negotiate alone with Denmark,
and to decide on its propositions in the name of the
Diet of Frankfort.

" Prussia, however, demanded that in both cases de-
cisions should be elaborated by a commission, appointed
on the one side by Frankfort Governments, and on the
other by Prussia, and her allies, and legalised by the as-
sent r f all German Governments. Prussia already pro-
posed this mode in regard to Hesse in September, and
in regard to the duchies repeatedly; and lastly and for-
mally, upon the 17th of October. This demand was
formerly rejected. It is now admitted by the 2d section
of the Ohnutg punctuation.' Thus, that is now ob-
tained which was denied in September aad October.
"In opposition to this admission arises the question
of, whether war should ensue on account cf the tern-
pora:y advance of the troops called in by the Elector?
A war, the consequences of which Would be
incalcalable—a war carried on by Germans against
Germans--a war which certainly, under favourab!e
circumstances, wou'd place Prussia at the head of
Germany, but which in all cases would weaken and
split up Germany, which must be carried on open the
soil c f Germany—a war that would annihilate ail Lopes
of a peaceful solution to the German constitutional ques•
tion, whereas now this peaceful solution is kept in view.
The King's Government, after receiving every guarantee
for is political and military position, could trot assume