Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1875-12-20

pu'ohase iu Tue OueZ canal We give the follow
ing London correspondence of the Indepepd-
eoce Beige, published in Brussels io,the French
language:
Correspondence Of La Belge.l
LONDON, Nov. II, 1875.
Since yesterday the Eng.ish papers talk is
ali about the Suez canal and of the sale of the
shares of the Khedive to the British Govern
men!. Leaders, telegraphic dispatches, oorres
pondences-without counting the 6oancial bull
letios which spread themselves on the same
subjecv-hll their columns. But it appears to
me that the cocvention concluded between
Eogand and the Viceroy of Egypt, is, in the
Eogllsh press, not less, and may be more so
ihan 10 the continental press. the object of sir-
gularIy x ggeraed Interpretations aud even
completely erroneou>.
There is, for instance, the Moaey Market
hsVleW, which, after having giveo the most in
exact information on the convention psssed in
1869 between the Khedive and the COMPANY Of
the Suez canal, concludes by this very pretty
reasoning: "lu nlnety-nlne years the conces-
SoD OF the Suez company will expire, and then
the khedlve shall become the sole r prietor
Of tie canal. NJw, the Klediye has sold bis
shares to the British Government. Therefore.
at the expiration of the concession, Eoglaud
will be the sole proprietor of the canal" The
syllogism of the Money Market Review is per.
hsps very ingenious, but it is slightly defec-
tive in its premises, and does not prove great
knowledge OF what ordinarily is transacted in
the matter OF concessions. 10 fact at the day
which Will cod the ninety-niDe years since the
opening OF the canal, the rights of the stock
holders, large and small, will fall to naught.
Furthermore, that day, in conse queoce Of the
operations OF the sinking fund, no shares will
remain unpaid In any case the Money Market
Review will have to console itselff for the loss of
the Illusion that n purchasing The l76, ,6O2 shares
OF the khedlve the EDgIish people had bought
the canal Tor the future; for at the expiration
OF the concession it is not the Kbedive as share
holder OF the canal, but the Knedive as SOW
ereign OF Egypt who will take possession of
rhe work of M. de Lessups.
But, in the meanwhile" it is said, "the
English are the masters Of the situation, since
by their votes they can do what they please in
the General Assemblies. - This is aoothar ex
aggeratlon. Those who reason thus lose sight
of little paragraph which is found between
the 5lst and SD articles Of the statutes of the
company OF the Suez canal and which is word.
ed as follows: Twenty five shares give the
right to one vote; the same shareholder cannot
represent more than ten votes either as share
holder or as representative of other shares"
The only chance which is thus lett to the Brit
lsh Government is to sell the stock to Epglish-
men, but 10 realizing this hypothesis do not
see how it would sensibly alter the existing cir
oumstances.
AS to the sale Of the canal to Eogland, it
caDnot be accomplished except By the stock
holders, it they consent to it, which ia doubt
full, or by one ofthe descendants of the Khe-
dive in the year 1868, if at that date there are
still khedives. But how much water there
will pass through the canal between DOW and
thenl
However it may be, it does not seem that
there is reason to so much glorify Mr. Disraei
for what he has just done. Not more from a
political than from financial point of view is
1t such remark kable act or bargain advan-
taaeous to the interest Of the country For
the sake of cheap glory or prestige it may fat
ter the English, but this is only feeble salts.
faction. 1t remaios to be seen if Parliament
will approve the transaction, and if it approves
1t, that which will be the clearest thing 10 all
is that the khedive will have succeeded 10 GET
ting his four million pounds sterling. 1t is 10
this only that the English Government will
have been clever, for n this way the Khedive
will be able to honor the next coupons of its
bonds, for which the English holders Of Egypt
ian stock will not be sorry.
AN uODesI lOOtmau, aDXlOuS TO explore the
wonders of travelling caravan museum, ob-
tanned o special holiday. Accordingly, taking
couple of lady friends, be presented himself
at the door for admission. mo admittance
to-day, Sir,' said the keeper mo admit
tance! But must come in; I've got holi-
day on purpose!' mo matter. This is
close day, and the museum is shut" "What!"
said John. ''Ain't this public exhibition? p
Certainly it is. - WELL then, will 20 il"
The keeper, gaugiug his customers caliber,
said, very politely. II am very sorry, but
there's funeral to-day. One of the mnmmies
died two days ago, and we're going to bury
him. "Oh. ah! Very well, 10 that case
certainly We won't intrude, said John, hastily
retiring.
Among curious customs aud superstiti ons
ooted 10 au article in Blackwood on the lie
gends and Folk lore of North Wales," there is
one the sngularity Of which is heightened by
the statement that it still survives in North
and South Wales and the border. At a fune-
raj "a hireliug who lives by such services has
handed over to him loaf Of bread, maple
bowl full of beer and milk. aod six. pence, 10
Of phiob ho oL ,,po, him ol