Mr. Bowles (Conservative member from King’s Lynn, 1892–1906, and
Liberal from the same constituency, 1910–1916) was a frank defender
of the interests of the stockholders of the Smyrna-Aidin Railway.
He believed that investors were entitled to governmental protection
of their investments, whether at home or abroad. He left no doubt,
however, that he took his stand on high grounds of patriotism as well.
He informed the House that “he did not object to the railway, because
all railways were good feeders of ships. But this was not a railway;
it was a financial fraud and a political conspiracy—a fraud whereby
English trade would suffer and a conspiracy whereby the political
interests of England would be threatened. It amounted to a military and
commercial occupation by Germany of the whole of Asia Minor.”[14]
Comparable to the interests of the Smyrna-Aidin Railway were those
of the Euphrates and Tigris Navigation Company, Ltd. Under this name
the Lynch Brothers had been operating steamers on the Tigris and the
Shatt-el-Arab since the middle of the nineteenth century. In the trade
between Bagdad and Basra they enjoyed a practical monopoly. In the
absence of competition they were able to render indifferent service at
exorbitant rates, and there was nothing to disturb their tranquillity
except an occasional complaint from a British merchant. But the old
order was about to change. The Bagdad Railway concession of 1903
(articles 9 and 23) destroyed the monopoly of the Lynch Brothers by
granting to the Railway Company limited rights of navigation on the
Tigris. Construction of the Mesopotamian sections of the Railway,
furthermore, would be almost certain to kill, by competition,
profitable navigation between Bagdad and Basra. The course of the
Tigris is shallow and winding, subject to heavy rises and falls, and
constantly changing with the formation and disappearance of sand
shoals. The river journey from Bagdad to Basra is about five hundred
miles and takes from four to five days by steamer, under favorable
conditions. The distance by land is about three hundred miles and
could be traversed by railway in a single day’s journey, regardless
of weather conditions. For passengers and most classes of freight the
Bagdad Railway promised more economical transportation. The Lynch
Brothers were determined, however, to resist such rude encroachment on
their profitable preserves. In defence of their interests they wrapped
themselves in the Union Jack and called upon their home government
for protection; they were patriotic to the last degree and were
determined “that the custody of a privilege highly important to British
commerce would never pass to Germany except over the dead bodies of
the principal partners.”[15] Overcharge their countrymen they might;
surrender this prerogative to a German railway they would not!
Public-domain text, read in full here on John Shaqi.
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