Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1869-12-11

The SULl CANAL-The Suez Canal is an
accomplished fact. 1t was formally opened
ON the 10Th OF last month. The New York
Tri6uHG says:
"Aluch speculation is ano.t rs TO the proba-
ble utility and profit OF the new ship canal
uniting The waters of the Mediterranean with
those of the Red Sea by canal eighteen iret
deep and wide enough to allow steamships of
thousand tuns TO pass in opposite directions
without difficulty.
"Our strong conviction is that three iourths
in value of the trade between Europe un the
one hand and India China, and Japan on the
other, will ultimately pass through this chan
mel. 1t may be that il will require deepening
and even widening in its shaliowest and mar
rowest portions II may be that vessels must
be built expressly adapted to this rou.s; but
the truth that time is money Is decisive on
the main point. No silks, no teas, no opium.
no spices, no fabrics, will be shipped around
Africa, when they can be transported from
London to Bombay in one half to Calcutta in
little more and to Canton in two-thirds of the
time by way OF the now united Mediterranean
and Red Seas. Cotton, sugar, hemp, Jute, and
other bulky staples, may for time be still
sent by sail around the Cape of Good Hope;
but ultimately these also will be taken by
steam through the new and spacious Suez
Canal
mo hy.gone canal connecting these two seas
bore any comparison to this in magnitude or
capacity. Each was pallry ditch, trayersed
only by such canal boats as we used TO have
on the Erie before it was enlarged Such
canal would be filed up for miles by one great
sand-stOm while the lack of steam was fatal
to its economic and rapid transit. The case
is bravcly altered 10y the genius of Watt and
of Fulton, the daring of Lesseps, and the re-
sources, both In money and machinery, which
were layshly placed at his disposal by French
capitalists, under the favor of their Govern.
ment Looking dispassionately at the new
canal, we predict that it will become one of the
great highways of commerce, and change the
destinies OF Asia, while reyiving the CONNER
cial Importance of the Mediterranean Sea.
TnE Sultan Is angry with the Khedive lie
wants money desperately, and his vassal, in.
stead of helping him to any, goes throwing
vast sums away in buying ironclads and keep
ing open house for all the world The Vice
roy's guests al the inauguration" of the canal
are said to have numbered 3,OOO Europeans
aud 9a,WO Orentals, The ViceToy is beating
the Caliphs nj their own game Dni while
$4,000 guests are ieasted at never.ending ban
quets, the Sultan Ia gnashing his teeth in pow
erty and hunger, He is obliged TO send 10
England to borrow money-ei2, 900 900 is all
he wants, and six per cent. is what he offers
for IT, People do not seem to have risen at
the bait very freely, aud another loan was put
ON the market by way of "A lottery. Turkey
Is drug in the market She has cost the world
enough In past times, and somehow nobody
sympaihiZcs much with her in this quarrel
with the Khediye-who at least is a public.
spirited man. The Sultan will not be able TO
get on much longer with system of govern
msnt which would crush energy aud spirit out
OF almost any people
AT meeting at the University of Michigan,
Inst Saturday, II was resolved To adopt Uni
versty cap. The Faculty concur in It, and
viii undoubtedly wear them. Acting Prcsl-
dent Freze said II might be good plan to 60
further, and adopt uniform style Of dress, as
II would do away with the necessity og chang.