Finally, during the last two years, passage may be afforded, as was done
on the Caledonian Canal to all ships of small tonnage, and to all steam
boats that may choose to take advantage of the cutting, and in this
manner a return of several millions will be obtained.
We might have brought these sums forward as a deduction from the
interest payable to the shareholders, but we have preferred leaving them
disposable.
ESTIMATE OF THE REVENUES.
It is impossible not to recognise _à priori_, the immense advantages
offered to commerce by the new route that we present, and it appears from
thence quite natural to assume, that the navigation formerly carried
on in the Red Sea, and which continued to prosper, notwithstanding the
discovery of the Cape, will resume yet more propitiously the ancient
route; since there will no longer be any trans-shipment, no longer any
transport across the desert, no longer any obstacle whatever. Steam
and sailing vessels will find, on the contrary, an opportunity of
revictualling in Egypt with fresh provisions, which are found there in
abundance at the lowest prices. Steam vessels will take in coals there,
which will cost less by half than at present. Finally, travellers who
now prefer the route by the Cape, on account of the inconvenience of
trans-shipment, the fatigues of the desert of Suez, and the high price of
the passage, will no longer hesitate to adopt the shortest line, when it
shall be more easy, more certain, and more economical than the other.
There are, however, timorous minds from which has emanated the opinion,
that the Maritime Canal at the best, could only serve for steam
navigation, for sailing vessels would find, according to them, no
advantage from the moment they should be subjected to passage dues; and
the proof they say, is, that the rate of freightage has sunk so low
_viâ_ the Cape, that it could bear no deduction arising from any passage
dues whatever.
Let us therefore examine the facts attentively, in order to resolve this
question in a manner at once clear and practical that shall remove all
doubts.
In treating of the navigation on the Red Sea, as compared to that
on the ocean, to reach India, we think we have demonstrated that at
present, with the means of steam-towing, with the aid of lighthouses,
and the knowledge acquired of the winds, the currents, and the coasts
of the Red Sea, a sailing vessel will meet with more facilities on this
latter, than on the Ocean in the passage of the Cape; but let us admit
the circumstances to be equal on either side, by way of the Canal 2000
leagues at least are economised in the passage between Europe and the
regions of the extreme East. This saving is equal to a saving of two
months out of five. For, in making the passage of 480 leagues from
Marseilles to Alexandria, the ships consume ten days on the average at
the favourable season.
Public-domain text, read in full here on John Shaqi.
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