The Sun.
London, England, 1847-05-11 00:00:00

LON DON STOCK EXCHANGE, MAY 8.

Demerara, 21/2—Northern of France, ilrs—Paria and
Lyons, s—Rouen and Barre, 25—West Flanders, 4.

CAPE OF GOOD HOPE.
(From the Graham's Town Journal of March 6.)

His Excellency the Right Honourable Sir Henry
Pottinger arrived at Graham's Town about five o'clock
on the afternoon of this day se'nnight. lie was met a
few miles from Town by the Commander of the Forces,
Sir George Berkeley, by Colonel Somerset, by the
Civil Commissioner of the District, by all the other
civil and military authorities in Graham's Town, and by
a considerable number of the inhabitants. The recep-
tion of his Excellency was most cordial, all classes
appearing to vie in their endeavour to give expression to
their satisfaction at the arrival of his Excellency at the
scene of his future labours, and on which, we may con-
fidently assert, he enters with the fervent wishes of the
whole community for his speedy and complete success.
His Excellency alighted at Government House, which
hart been hastily prepared for his reception, but dined
s3on after his arrival with the Commander of the
Forces at Styles' Hotel.

CONFIDENCE AND NO CON-
FIDENCE.
TO THE EDITOR OF THE TIMES.

Sir,—The infatuation under which the public is la•
bouring at this moment of crisis as to the temporary
character of the causes producing it, it concerns the na-
tional weal to remove as quickly as possible. Want of
confidence is the cry of the merchants and bankers of
the cities of London, Liverpool, Manchester, &c ,
whereas want of property is the real evil. We have
stocks of nothing ; our large consumption has devoured
everything. Wheat, from scarcity—known long ago to
those who bad followed the subject, but just found out
by the confiding multitude,—is at 1003. a quarter. All
other articles of consumption are comparatively high,
also, from the same cause, money with the rest of them.
The most solid borrower in the country, the Govern.
ment, is obliged to pay 41. 11s. per annum interest on its
Exchequer-bills. Confidence and more paper is to be
the cure for a real deficiency,—so say the deputations of
the commercial interests of Liverpool and the loan in-
terests of London. Bank of England directors tell you
that affairs in the city are better, because more gold,
the result of a forced action on the exchanges and
denial of accommodation to customers, has come
into their own coffers. Why, Sir, one month's
supply of wheat alone at the present price
would carry off 5,000,0001. of gold. In such a state of
things, I say, that all these efforts to inspire confidence
are keeping up a fatal delusion. Assuming the coming
harvest to be as abundant as the most ardent friends of
their country's prosperity can desire, we cannot reach
the period of its arrival if we consume at the pace we
are going. Instead of wanting confidence, we have been
too confident all along. Had the price of all articles
been as high as they ought to have been, but far funded
and railway speculations, six months ago, the process of
'economy would have been going on from that time, and
the accumulations upon such a period of time would
have gone some way to assisting us through the three
to four months that must elapse before we can expect
any new return. As it is, we suddenly arrive at the
awful conviction that we are without stores at all, and
we are told to issue more paper and have confidence.
Rigid and universal economy, with as large a sale as we
can make of transferable securities, for the purpose of
procuring supplies from every quarter from which they
can come, is the only escape from our present dilemma.
If we get gold from other countries, we must get it with
the certain conviction that it will be required to pay for
our most urgent wants. Other countries in the same
predicament with ourselves, having spent too much, and
being short of supply, will be active competitors with us.
We must be prepared, therefore, for sacrifices, and enor-
mous ones.—Your obedient servant,
London, May 8. R.

ANTWERP, MAY B.—Lady French and family, and
Captain Story, were among the distinguished passengers that
arrived here yesterday, by the General Steam Navigation
Company's steam ship Venezuela, that left London the day
previous.
Sir David Cunningham arrived in London on
Saturday afternoon, by the General Steam Navigation Com-
pany's steam ship Sir Edward Banks, from Ostend.
THE THREE COUSINS.—A NOVEL. BY MRS.
TROLLOPE. —ln this novel Mrs. Trollope maintains, with
unabated spirit, her reputation for vigorous character draw-
ing. " The Three Cousins" represent the three states of
womanhood ; the first is a wife, the second a widow, the
third a maid. Their ages climb the scale in the same way.
Mrs. Cobhurst, the intriguing widow, is capital—a lady of
thirty-four and upwards, who claps her hands joyously like a
girl of sixteen, and looks. into gentlemen's eyes as if her
young soul within were inching with its first emotions. But
the most perfect characters in the book are the gentlemanly
dinner-giving Bi-hop of Solway and his wife, Mrs. Morrison.
They stand out from all the rest. " The constitutional good
nature of the lady showing itself through the conventions of
her position, the smoothness" of the Bishop, who loves to
live in good repute, and whose selfish pleasures take an out- i
ward shape of social enjoyment that might almost be mis-
taken for geniality, are bit off with a knowledge of human
nature which places them amongst the most successful of ,
the Thatched House Tavern is expected to be most nume-
rously attended. A
mined , great many of the members are deter-
:great supporters off it i ballot as a general measure, but
but its benefit, as one
in club; which tends to anything
candidate. There are a
g r
el aactkmbit ball enubtbloefm teenn
and is fatalg gentlemen
ttloe
mt
ehne
proposed for this meeting.