Waterways and Water Transport in Different Countries: With a description of the Panama, Suez, Manchester, Nicaraguan, and other canals.Jeans, J. Stephen (James Stephen)
History
Waterways and Water Transport in Different Countries: With a description of the Panama, Suez, Manchester, Nicaraguan, and other canals.
Jeans, J. Stephen (James Stephen)
Canals
But, although a great deal had been done in the direction of
facilitating navigation between different waters by getting rid of the
“hyphen” by which they were separated anterior to the date of the Suez
Canal, this grand enterprise undoubtedly marked a notable advance in
the progress of the world from this point of view. The work was at once
more original and more gigantic than any that had preceded it—so much
so that in this country, as we have elsewhere shown, it was generally
discredited. Probably no other canal previously constructed had cost
anything like the same large sum that was set aside for that of Suez.
The canal of Languedoc, constructed in the seventeenth century, is
stated to have cost fourteen millions of livres. The Erie Canal had
cost five million seven hundred thousand dollars (1,140,000_l._).
The Caledonian Canal cost 1,035,460_l._ The Amsterdam Canal cost
about the same amount. The Suez Canal, however, was estimated to cost
8,000,000_l._ to 10,000,000_l._, or nearly ten times as much as the
largest canals constructed up to that time. Nowadays this would not be
regarded as a large sum for such a purpose. We have got accustomed to
big figures. A hundred millions sterling is not an uncommon capital for
a railway company. The Manchester Canal, only some thirty miles long,
is estimated to cost about eight millions sterling, and more than sixty
millions have been sunk at Panama. But so little faith was felt in the
success of the Suez Canal, with such a large expenditure, that it was
seriously maintained in the “Edinburgh Review” that, “were it to become
the great highway of nations between the West and the East—even the
Gates of the East, as it has been the fashion to call it—and were all
the local advantages predicted for Egypt to be derived from it, still,
on account of the enormous expense of construction and maintenance, it
would not pay.”
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.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account