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
The remainder of this enormous sum of money was spent in purchasing
a change in the law of succession, and the new title of khedive; in
disastrous Abyssinian campaigns; in multiplying shoddy palaces, and in
personal extravagance, which combined Oriental profusion with the
worst taste of the Second Empire. Useless works engaged the corvee;
the fellaheen were evicted from vast tracts, which became ill-managed
estates; and their crops, cattle, and even seed were taken from them
by the tax-gatherers, so that they died by hundreds when a low Nile
afflicted the land. The only persons who flourished in Ismail's time
were foreign speculators and adventurers of the lowest type. As these
conditions became more serious, the khedive attempted to find some means
of protection against the concession-monger. He adopted a suggestion of
the wise Nubar Pasha, and instituted the mixed tribunals for adjudging
civil cases between natives and foreigners.
The Powers agreed to the establishment of these tribunals, and intended
to enforce the decisions of the courts, even in case that Ismail
himself were the delinquent. When later the khedive repudiated the mixed
tribunals, this action precipitated his fall. It became increasingly
difficult for the khedive to meet his accumulated obligations. The price
of cotton had fallen after the close of the American war, and there was
less response from the impoverished people to the Cour-bash, which in
1868 was still more strictly enforced; and soon this enforcement by the
mixed tribunal of debts due to foreigners by an agricultural population,
who lived by borrowing, and were accustomed to settle their debts
by haggling, aggravated the misery of the fellaheen, and led to that
universal despair which was to give strength and significance to
the Arabist revolt. It was no uncommon procedure for the Levantine
money-lender to accompany the tax-gatherer into the provinces with
a chest of money. He paid the taxes of the assembled and destitute
fellaheen, who in return were obliged to give mortgages on their crops
or holdings.
The desperate state of Egyptian finance, which led to the sale of the
precious Suez Canal shares, at last opened the eyes of the bondholders.
Mr. G. T. Goschen (Viscount Goschen) and M. Joubert were deputed to
Egypt on behalf of the foreign creditors. The accounts were found to be
in a state of wild confusion, with little or no chance of learning
the actual facts controlling the financial situation. The minister of
finance, or "Mufet-tish," Ismail Pasha Sadeck, was now arrested and
banished to Dongola.
Public-domain text, read in full here on John Shaqi.
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