History of Egypt From 330 B.C. To the Present Time, Volume 12 (of 12)Rappoport, A. S. (Angelo Solomon)
History
History of Egypt From 330 B.C. To the Present Time, Volume 12 (of 12)
Rappoport, A. S. (Angelo Solomon)
Egypt -- History
In 1854 M. Ferdinand de Lesseps, whose father was the first
representative of France in Egypt after the occupation, and who was
chosen consul at Cairo (1831--1838), obtained a preliminary concession
from Said Pasha, authorising him to form a company for the purpose of
excavating a canal between the two seas, and laying down the connections
on which the concession was granted. This was followed by the drawing up
and revision of the project mentioned above, and by the renewal in
1856 of the first concession with certain modifications and additions.
Meanwhile the British government, under the influence of Lord
Palmerston, then foreign secretary, endeavoured for various political
reasons to place obstacles in the way of the enterprise, and so far
succeeded in this unworthy attempt as to prevent the sultan from giving
his assent to the concessions made by the viceroy of Egypt. Nothing,
however, could daunt the intrepid promoter, M. de Lesseps. He declared
his motto to be "Pour principe de commencer par avoir de la con-fiance."
Undeterred by intrigues, and finding that his project met with a
favourable reception throughout the Continent of Europe, he determined,
in 1858, to open a subscription which would secure funds for the
undertaking. The capital, according to the statistics of the company,
approved in the firman of the concession, was to consist of forty
million dollars in shares of one hundred dollars each. More than half
of this amount was subscribed for, and eventually, in 1860, Said Pasha
consented to take up the remaining unallotted shares, amounting to more
than twelve million dollars. Disregarding the opposition of the English
government, and ignoring the Sublime Porte, which was influenced by
England, M. de Lesseps began his work in 1859, and on the 25th of April
of that year the work was formally commenced, in the presence of M. de
Lesseps and four directors of the company, by the digging of a small
trench along the projected line of the canal, on the narrow strip of
land between Lake Menzaleh and the Mediterranean. This was followed
by the establishment of working encampments in different parts of the
isthmus.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account