The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-08-19

CUlilsC 'tu Will uS IthlSulAC
Ismaila. is half way between Said anc
Suez. There the mails and express are
transferred to the craft navigating the figol'
or ditch of Fifty by ten feet, and conveyed
to Stiez.
Thus half the main canal is finished ant
in operation. Onefourth more is nearly
completed, and the whole will be ready By
October, 1869, for the great ocean ships t.
pass Promises tosea. ;e.F
Many English engineers raised objection
and doubts of it's maintenance by assuming
that when steam navigation should be in
troduced that the agitation of the watel
would quickly destroy the banks, because
they were formed of sand, which would fl
up the channel. 70 guard against this pro
liability they, have adopted slopes, two or
the base line to one in height, which is {
very gradual rise. So far this has an
swcred, but NJ. dc Lcsseps is prepared
should it prove necessary, to sink stones
along its whole course.
On the slopes and in the vicinity of the
canal they have set out the pine and al
other trees that will live there, so that the
desert will be made smiling in more ways
than one.
PORT OF sUEZ.
Suez City will have an unequalled (arti
fcialA harbor. Two thousands vessels anC
more can ride in the roadstead, and from
the roadstead to the docks has been com.
pleted channel half q mile wide, twenty.
six feet deep, with three miles of o sub
stantial quay, walled up with the artificial
stone already described. There is dry
dock 442 feet long by ninety-one broad and
twenty three feet deep. s..a-..s
Three miles south of old Suez the French
company have built a new Suez, and have
nearly completed an harbor which in its
beauty and admirable perfection has no ar
tifcial equal. s.@" -.'ss p. a2@>. z. p --e ....
There were on July II ten large steam
ers in. Suez port, together with large num-
Der of little craft. ...,-.,.a.- II
$685. THE VALUE OF THE WORK. '''
England, France, Holland, Sweden, Prus-
sia, Italy, and Russia will reap tremcn-
dous advantages from this canal, and the
United States viii also derive large share
of it's benefits: England's route to her In
dian possessions will be abridged by $500
miles, which will increase her commerce
and bestow great political boons. Our route
to Bombay, Madras, Hong Kong, and Ja-
pan, will also be shortened-7to Bombay,
from New York, 5000 miles. .r....
The American merchant will be able to
sell cargo in the isthmuB of Suez ut Sed-
iah and Mocha and Alden, in Arabia, and
up the Persian Gulf, and in return buy the
ivory of Nlassowah, Abyssinia, Sonakin, and
Berbera. Pearls, mother Of pearls, tortoise
she'll, sponges, and coral of the Red sea ;
silk and tea from Hong Kong, indigo from
Ceylon, gum and coffee from Yemen, 1edgaz,
and Abyssinia, and dates from Egypt, and
completes his voyage in two-thirds the time
formerly occupied.
France will be drawn thousands of miles
nearer to her possessions in Cochin China
and the Indian ocean. In short, the bene-
fits will accrue largely to the whole world
Turkey and Egypt essentially. The 500, 900
900 Musgulmens now reposing in the igno-
rance and sloth of by-gone centuries will
not be the smallest gamers by this great
project to be realized in less than eighteen
months. -.. .....;..f.,. ...-...
o.. THE RESOURCES OF THE COMPANY
for building the canal across the lsthmus
of Suez have been, in brief, as follows:
Capital 400 900 shares at lOo each. $40 OoO, ooO
Indemnity paid by the Niccroy of Egypt, -,
rs awarded by Napoleon III. ........... 10, 0OO
Income from Wadee estate, in the land 200 ma
Income from receipts receipt for transit on the
1sGT.Nfirsr ouarter 81 O2a
lsG7-Sccond quarter. %, oou
lsOT-fourth quarter. 100 lo2
B.. Total 49,. S5s :g2, -!