New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-06-01
ANOTHER FAILURE OF PHENCB
P0I.lGH.

The disastrous news from Mexico viii reach
France at time when the whole country IL
in A ferinent because Of the apparent failure
Of another fnvortc scheme Of the Emperor.
On the completion OF the Suez Canal ~ san
gune hopes had been built M on tho proiec-
torate over the Latin race In America. Su
year. of hercuean labor have brcn spent on
an enterpri,e which many of the best au,hori.
ties on such matters pronounced imprnc.
tcable. II was but recently ann9Inccd all
the predictions Of British Jealousy 10 the con
trnry notwithstanding. that the work would
shortly be completed when suddenly an order
of the Sultan ID published which all England
halls e1utlpgiy as fatal blow to the whole
enterprise.
This order, however, does not directly in.
terfere with The continuation and completion Of
the work. II only is made dependent upon
three conditions: First That the Sucz Canal be
declared neutral like the Dsrdanelles; second
/ ly, that the system Of forced labor shall cease;
and thirdly, that the French Suez Canal Com
pany shall surrender the rights 10 the territory
on the banks Of the sub.canals. But these coDdi-
| tOns, the English organs of all parties agree in
predicting, Will prove fatal to the whole project.
No monetary inducements, they insist, could
ever have procured TO the Suez Company a
sufficient supply Of native labor The late
Pasha Of Egypt, Said Pasha stanch friend
of the French Company, and himself deeply en-.
gagged in Che enterprise, had to compel the ser
vices of over ~, 900 laborers; and this coercion
ceasiDg, it is thought to be absolutely impOSs-
Bile TO secure the required amount OF work
The revocation of the rights to the territory
which include tho fresh springs for the
settlers and the supplies OF water for the
canal and still more, the claim that
the canal shall be declared neutral, which
would require that no vessel of war shall ever
pass it without the permission Of the Porto,
would be most likely to prevent the French
Government from reaping from the scheme any
of those advantages, the hope of which induced
1t to take SO deep an interest in tho success OF
he Company.
The irritation Of the French press is the best
proof that the Sultan's order is felt m d
heavy blow to the French interest in the East.
The political Importance Of the scheme was
obvious. The Isthmus would soon have passed
under the control of the French company
which would have been willing or haze been
made willing, to sell out to the French Gov.
crnment. A claim Of France would thus have
been established, which would have furnished
at any time much reader pretext for n war
than the Jecker bonds did in Mexico. IT, ut
length, the canal, contrary to the sinister pre-.
dictions Of the English engineers, proved
success, France, IN case Of war with
England, could reach India with an army
within five weeks. or in about one-third of
the time which it would require for English re-
endorsements to reach there. And although the
French ut present show little aptness for mari.
time commerce. the possession Of coasts ~
valuable, and which would undoubtedly soon be
followed by the annexation Of others, might give
an impulse TO French trade, we'll calculated TO
provoke English Jealousy. However correct
or incorrect these anticipations might have
turned out to be, it is fact that no French
project YVES sWr regarded IN Epgla9a With