History of merchant shipping and ancient commerce, Volume 4 (of 4)Lindsay, W. S. (William Schaw)
History
History of merchant shipping and ancient commerce, Volume 4 (of 4)
Lindsay, W. S. (William Schaw)
Commerce -- History; Shipping -- History; Steam navigation -- History
These lakes are 16 and 9 miles in length, respectively: the first
descending from the heights of Serapeum, being 34 feet below sea-level,
and the second 24 feet. In both, isolated water lines of high and low
tides are easily discerned, with remains of gravel, and of a horizontal
bank of agglomerated fossil shells about 7 feet thick. M. de Lesseps
found them completely dried up, with the exception of the lowest
portion, which still retained enough humidity to make the earth moist
and in some parts swampy. To fill these deep basins, water was drawn,
by means of sluices from the Red Sea and from the Mediterranean; and,
on the 18th of April, 1869, when these were opened in the presence of
the Khedive of Egypt, the waters of the two seas, for the first time
embraced each other, though it was not till the 15th of August that the
great maritime canal was open throughout. The inauguration of their
complete union was celebrated at Suez, and, on the 28th September,
M. de Lesseps steamed from sea to sea in fifteen hours, having
accomplished by his genius and unwearied industry one of the greatest
engineering works the world has ever seen, and given to posterity, as a
great benefactor of the human race, another imperishable name.
[Sidenote: Finally opened by Empress Eugénie, November 17th, 1869.]
On the 17th of November, this important maritime canal was formally
opened for ships of all nations with much state by the Empress Eugénie
of France, in the presence of numerous distinguished men from all
countries.
The cost complete, was somewhat about 20,000,000_l._ sterling,
consisting of 8,000,000_l._ subscribed capital, 4,000,000_l._ debenture
stock, and 8,000,000_l._, in further loans and indemnities paid by the
Khedive for retrocession of lands, &c.
To the traffic now engaged upon it I shall hereafter refer. In the
meantime, I must trace the rise and progress of the first mercantile
steam-ship company which developed the trade of England with her Indian
possessions by way of the Isthmus of Suez.
FOOTNOTES:
Public-domain text, read in full here on John Shaqi.
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