The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-12-31
THE suEZ CANAL.

That immense and all important work which tas,
tie time ths Pharaohs down present 4. oc,-
pied the attention of nations, FAR 1, be-
como In day accomplished fact. We ref.r 10 the
piercing the Isihmus sacz by ship sx,en ding
from suez the head of tho sea- an,ent ror.
orPclusium the Mediterranean. Tho two continents
Of bed together this point by mere rbbon 81
isnd-as In the msus--and which separates by a
strip ninety miles only the Of The Md.
and Of the Re- r,ousaads Of years ago
canal commenced from the Slc to ihe Rel sel, AMI
was finished i've before the Christian era: b.,
the sands u the desert have Oiled II up leaving only
Of here and 'horc attest the greatness n
human enterprise, even in the lar distant sg.s.
From the time Of LOUIS XIV that Louis Nspolcon
the French government has occasonaly turned a,nn.
ton 10 the piercing II tho lstmu by ship canal aud
thus rcunting the water which geop pgss say oac. s.
rated tho Of Africa AMI Asia. late yeass
owing the immnnsc of commerce 70 india
CHINA Austria both tn English and Frcn n govern
menis have bcssirred themselves in tho matter. The
English have already built a railroad from Alexandra 10
Sucz and now instead of sailing round the Cape -
Hre the vessels of the Australian and of tho Pennguar
and Oriental Steam Navigation companies ply 10 AsSan
IRA, tho Mediterranean, ami V sucz, 90 the let seq
asrdng thelr mals passenger and ntlght the
stlnus nut az our California steamers do the Panama
rortc. iy this means sou'e nine thousand niles q
navigation saved luriug The hrst months
OF lA0a the average VMlHU ~ Australian Cxrtrta
tons sent 70 England hy sach steamer ths
route s37a $50 while for tho slx m0nths-s1
RAPID The growth q commerce py tbs route aud
immense 10 advanag over Tho long roIt.-sho
average value ~ the cargo 81 each steamer Ansrn.
VI 3S e9showng increase &c nearly three fo'd
While tho revolution Ell ted by this route between
FuroIc aud Asia and Australia was Of - important a
character, with tie great drawback of donb'e
uanshiIm'nt, a may b. imagined how ircaislnby
greater would b. The effect III nlcng snip canal rOCrh
The lsihmus Not mcfels proportion ,hc com
mcrco y thc last = tow Mould las nrousa (, bat
wtuld rass through this canal making Alexandra one
more what shc vas ~ ases lo-ihe great eaeTo 81 tie
within thc lat lcw years practical steps have been
akcu carry this grand prise ho orig nator or
the movement being ircnch engineer, named Ferdinand
de lssstla Hc procured gtant from Mohlmmed sad.
the vic,Foy ~ Egypt The .uh November. lSsA the
namc Of the CpmIagnie TfsrtsNs du Canal kd1tHs n
Ss,s tuniycfsal Company tle ship Canai ior
cf ninety nine years from the time q Tie completion
of The work The other European governments % oper
aisd with that q Franc IL vcry ng the casby oftbe
cnerpf and International committee composed Of
a the most eminent engineers II - N cun'ry met
At Paris June, 1856 70 examine hc data prepared BY
Mr. d. irssers aud thu engine a tho Egyptian Nrrrov
1hc sittngs and examinations ths comnice wsre "a
yorable 10 the cn,crprse snd nothing rcfuars but
10 givc apractsal solution 70 thc problem.
During The month oi November last the s1Nstr rton
tooks n The COMPANY opened At Pafs rhc capital
stock fNcd - forty mNcu. = dollars ofths SIN tho
Nceruy himself suhcribcd Els millions The .taes di.
vdcd nto 10000 shares o sioO caoh q which t,n
~ be paid a thn tine II ub,rhnr ami three tcnths
NOE "A socn - the subscftton .t was flno rlrher
advsncc bc made for two Tho gubs rptuu i to
~ thus divided among tia ad natous--Te ottoman
Fiuiire, Sio.cuoo00. England, 5000. 900. france
- 0oO0O0 Austfs, fJnUO00 TIN balance ~ ~ dstri
butcd b,tween Russia, Germany, Holland. ltay Span,
Portugal tle HsuFcatc towns. the United Statns 81 n
IS culsed that VI tht annual tonnage passing
through Tho cana will reach three millions of tons and
that thc W TIC cata viii to sS Ov 600
yeaI--estmaes which 10 not appear too large.
u y calculated that THIS great enterprise can com
rlctcd within SIX years, uy the employment ol 5000
hAorcrs and work n"u Of all classes AMI that ha entire
cust ~ tht taral With locks an an complete will not cx
hn est mn - uufy
much aiGcr tho marx thc ltohts the Cana Company
cannot la ~ D. enormous