The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-06-27
TIE SUEZ CANAL.

"Ce que coute l'Egypte lie Canal de Suez,
is the title of pamphlet Just published at
Alexandria by Edouard Dervieu, banker of
that city, who was for many years agent to
the Messageries Imperiales Company in Egypt.
But before entering into financial details be
passes high eulogium on the disinterested-
ness OF the two Viceroys under whom the
enterprise was conceived and completed,
pointing out that in an economical and COM
mercial point of view the maritime canal.
however beneficial to other nations, was de-
cidedly disadvantageous to Egypt, depriving
its railroads of much of their traffic, and the
country generally of the profit derivabe from
the land transit of passengers But Gin a
political point of view, ?" remarks M. Deryieu
and the statement is significant as coming
from Frenchman-''the case was diff
ferent; because the creation of Bosphorus
between the two seas, thereby facilitating
direct communication between the two
worlds, would necessarily increase the i'm
portance of the geographical position of
Egypt, and secure its neutrality" or in
palmer words, its independence The con-
ventions between the Egyptian Government
and the company have been several times
revised and altered. With regard to many of
the so-called concessions made by the COM
pany in return for the substantial aid periodi,
cally afforded them by the Viceroy, M. Der
vieu remarks;-"It is true that the company
abandoned a portion of the rights and privi-
leges which had been accorded to them, but
Egypt paid enormously for what it had origi-
naly given gratis" The following is an ab
stract OF the entire expenditure of the Egyp-
tian Government, including Interest,"
Government shares in the Canal ~ e5 $50 SIS
Indemnity to the Company. .......... 46I4ssf
construction Of the Canal from Cairo to
Paid for the Wadi property ............ 10000
DOCKS at suez. ......................... 100000
Lighthouses in the Mediterranean 50000
hepurchase OF concessions. ............ 1,6l2O25
e14,1192s4
'And if to this total, writes M. Dervieu.
'be added the expenses of Nubar Pashas
mission to Paris, the cost of the splendid en-
tertainments given by his Highness the Khe-
dive on the opening of the canal, and that of
several missions to Constantinople in order
to obtain the Sultans ratification of the con-
cession, we may rest assured that the cost to
Egypt of the Suez Canal amounts to 4OO.-
600, 900 francs, or GIG, ZOO, 900; that is more
than one-half of the Egyptian debt, which M.
Dervleu reckons amounted to e28, 737, ,2S3
on the 1st of January, 1871 M. Dervieu.
however, has entirely omitted the Viceroy's
Dairah, which form as great drag on the
resources OF the country as the Government
obligations, strictly so called. The amount.
as quoted on the London Stock Exchange.
will be as below
Total as given by M. Dervfeu cps 1917 asa
Nine per cent. Dairah Loan, 1851 co, ,OS0,OOO
Seven per cent. VceIoys Loan,
- 1866 ..........:.:.............. 3,3ST,900
Seven per cent. Khedve's Loan,
1s7O.. 7,142, ,s60-12 ,1e0
cal 347, ,449
for a loan Just concluded on alleged Sc
curity OF railways, saving rights OF Rail
way Loan of 1866 ACKNOWLEDGEMENTS. $500, 900
cas-, ,s41,443