A map of the world shows two narrow strips of land left by nature
almost as though with the design of stimulating men to pierce them,
the isthmus of Suez and the isthmus of Panama. A canal at either point
unites not countries or small seas, but continents and great oceans,
and saves thousands of miles in the routes of trade. The American
isthmus presents great difficulties to the construction of a canal,
but the Suez route runs through a district composed almost entirely of
sand, with no elevation above 50 or 60 feet and with considerable parts
actually below the level of the sea.
=363. The Suez Canal, and its services to commerce.=—The scheme of
reopening the route across the isthmus of Suez, which, as said in the
first chapter, had been made practicable for small vessels before the
time of Christ, and had been rendered useless in the Middle Ages, was
certain to rise as commerce between Europe and the East increased in
volume. It is said to have been entertained by Napoleon I among others,
but the credit for its accomplishment belongs to a French engineer
and promoter, Ferdinand Lesseps. After more than ten years spent in
preparation, work was finally begun in 1860, and the canal was ready
for use in 1869.
The success of the Suez Canal may be gaged, from the investor’s
standpoint, by the fact that dividends have risen to 20 per cent, from
the public standpoint by the fact that the tonnage accommodated by the
canal in 1891 exceeded ten million, in 1907 exceeded twenty million,
and in general has been roughly equal to the tonnage entering and
leaving any one of the great seaports of the world. The duration of
the voyage to India has been shortened by a third, and more than half
of the voyages to the East are now made through the canal rather than
around the Cape of Good Hope. The canal has been an important influence
in furthering the growth of the world’s steam tonnage, for it is
practically barred to sailing vessels by the difficulties of navigation
in the Red Sea; no sea-going sailing vessel has passed through it
for years. It has made possible the movement of bulky wares formerly
excluded from the trade with the East by the expense of transportation:
rice, wheat, petroleum, and coal. It has not, however, produced one
result which was expected, the diversion of trade to the countries of
southern Europe, as in the time before the passage around the Cape
had been discovered. Three quarters, in tonnage, of the ships using
the canal have been British, and ships from the countries of northern
Europe make up most of the remainder.
Public-domain text, read in full here on John Shaqi.
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