New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-08-11

ABSTRACT OF TIE REPORT OF NJ. DE Ii@soLiS
on THE PRESENT CONDITION OF TIE CANAL.
IRON OUR SPECIAL CORgESPoNpBSEl
PARIS. July ga copy of Nj. de Lcsscrs's
report dated the Goth July, ISL the condition OF the
spcg Canal has lust reached and forward you the
following summary OF the report which IS very long ana
would FIJI ten closely printed columns OF Tue TRIBUNE:
NJ de Lcssers begins by defending himself aGunS' ,o
matnrely ana before il could be worked with lroht az
have he saws been flushed without impeding the
massage OF shius Of the heaviest tunnace. as 10 AZ
has been accomplished during the Iat year, M, ;t
TSsssI,s s,fS The Canal has been dug out along Ne
whole lcnctG OF about 100 miles IA rs norma oc than
SS feet in depth throughout; that is to say 'a 81
In order TO be sure OF ha ~ hg5jr,inisl thS OK.
pensos 81 tire carly years Of the Canal me % F
chimes IN tie greater par o. ,T ertb of about nine
wards Tho curves have boon made less sLiip, L
ia gis TO pass each other. No less than II large
ships passed certain point IN one gay "',' prescnt
year tic receipts were ssC4 90, paid by SIS yoS S
Wine during the first six months OF S'O THIS result is
chiefly owing 10 the increased amount Oh Hritoin and
ton 10y this route between G Dirsrnt time, ont
OF every hundred vessels WAiGh Pjs ,SritjsG ia
Saha' u re aT mt hui rcaued in Paris during tho
siere he was somewhat surprised 10 l,rl' VIII
arsS Ii ba i seye e'I Eassh capitalists thought Of
buying tie Cna One OF thS & ] vt NE I,n U,1 ~
Io however informed the british capitalists that the
IN
q, ~ W. in optn market Tor he or de Lessep had no
Of endeavorng TO induce his shareholders to
Rones that IN is3 he receipts will have far Increased
ms not OAy enable The Company to meet all claims Ior
loan but $50 10 pay interest their shares. The CON
tractor, have left the concern, and the work Of manG-
nance is row carried under the superintendent OF H.
B!onden, Ire chef-engneer of tho Company.
For thc last months neutrality-suspicious. have been
the promised depth. The number Of dredginglnachnes
which work during that period varied from to
Paris, from Alexandria announcing that the regular
depth OF O. feet inches had been attained throughout
ttwEo!e length OF tic Canal 1t should be remarked
SAYS tic report that in order TO attain depth OF 20
feet inches throughout the dreaginS machines gen,
great many points tins depth now exists and IN al eases
the normal CcVth is not less than feet This excess IN
the depth Of the Canal assures for long time the nin-
um depth OF 25 feet inches IL guaranteeing the bottom
from tnc accommodation OF sand of mud which Will
now only a up this sort of reservoir" Several now
basins which considered necessary nave bcei mace
sharpness when the Canal was first projected,
sixteen years ago." says the report I'VE had no laea
tina; day ships 1875 and 80 yards long would want TO
pass through the Canal But since the steamers OF the
lcssGgCys Narnlcs and those OF the Pcninsular and
Canal we mus Keep up with the demands and make the
Canal meet the wants od nooein of tbn Carai
dencasu has been constructed at SuCz, IN order 10
total eyrcne of the works enumerated above is SG00C
With regard 10 the ability TO keep the Canal itself and the
nam Cnguecrs especially English ones, had expire ssed
grave doubts NJ. de Lesseps gives most glowing rcOt T.
was found necessary only 10 remove ABOUT zoJ cuDc
yards in order 10 obtain uniform depth OF q rect III
had estimated that IL would De necessary 10 re
move $4,000 cube yards. Two dredging lnachiles anu
and al December. One single dredging machine VIII,
saws the report I've able 10 do the work s year. as IL
ALL be only necessary TO remove lUoVUO CUBIC NdIGr
H. de Lessons alns that it will De only necessary 20
.enove $4,000 cubic yards from the bottom OF the Canal
Itself this YEAR and he asserts That the banks or te
lannc have not at all been injured, ana teIe Is Lj'e
uercCu.ibe alteration from their original 1Orn fOH
1rcdcngIuachine5 VIII suffice 10 Keep Inc CanaI llaeIL
From s nauguraton up the 31st of last May there
nave passed through the Canal sl3 ships, measuring
altoCetlt- 1881 tuus Vrcnch measnrcnehU, OF Whch
$50 vessels under the BRUSH nag iul were unoeI
tl,e Frc.ch Tag, abd 50 were under The Austrian Ga
Inc ship that passed through having lie largest ara,
" water the NCStIr drawing q feet inches; neN
was the AJAX drawing ~ feet inches The report
states that the second six months OF 1870 the IN
,rcgsc c0HpsTcd with the first half of that year, wa
per cent OT total maritime traffic ana y per cent 10
.hC number OF passengers. a comparison or lLc MS
months of 1871 compared with the lISi SIX months O
shows increase OF 81 per GEM Tor iLdltlc II
number OF passengers paying Tolls
The ships OF the French McsSdJeres NGr1HH1eS take
q minutes in passing through the canal OF IN
Italian RubIttnO Company 50 hours 81 minutes; OF th
Austrian LOyds IS hours u minutes, and OF the Pen
.nsua aud Oriental Company, 80 hours 10 minutes. M
ie Losep gives very long and very confusing conn
II the financial condition Of the concern But the mel
results of his ia that this year be expects h
Expenses VIII be So 100000 He estimates his rcOeipts al
l2ODGOJJ There ore, there Will be deficit OF 81 VOC
al the eud of the year. Add 10 this last years Gohel
100000 and lie has 10 meet total deficit OF S2SJ,O9I
Ie urOn1ecs TO borrow Of 100000 so as 20 have
balance on hand. lie thinks that at the end OF 1874 te
Canal viii begin TO pay ntercS. on It's shares W "a \et
lrly paws interest on bonds and has never CcCiCu "a
1vidtud) NJ dc Lesscps concludes lls report by de-
caring A. al Lie has no intention Of asking Tor Govern
opIt s, stance. which he would NOS Dc very hayly 10
set Just az present IA France.