The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1879-07-26

New York Herald. |

~ WouuCu V004ls
New York Herald.l
While this country is alive to
the Monroe doctrine, and will not
silently suffer any European power
to get a political foothold on the
Isthmus Of Panama, yet, after all,
it may be taken for granted that
Messrs. de Lesseps and Tyse do
not propose to undermine that doe
trine or to establish that fOothoid.
Il. dc Lesseps Is moved by engi-
neering aud financial ideas, not by
schcmes of statecraft in his new
adventure he is guided by expert
ence, aud By pardonable respect
to his own past arhievelncnts. A
man well advanced ID tesrs; tho
vigorous still, hc has built one ca
nal which cost 81, 2,2!S,907. TIC
shares Of the Suez Company NUM-
bcrcd 100000, and the par value
was 800. But NJ. de Lesseps saw
them fall IN the market as low as
$40; he saw them advance only to
$50 at tho opening Of the canal
he saw that five years later they
had gone to STA, at which figure
Disraeli secured l76,602 for the
Britiah government; and he secs
them to-day st $lA or more--net-
ting, by the way, very handsome
annual profit OH Disrael's invest
mcnt.
NJ. do Lcsscps has also seen the
revenues Of tho Sucz Canal in.
crease from 81 100000 In 1870 to
something liko $7.0OO.O00 to-day,
and he has seen tho expenses stead
lily decrease while the income has
augmented. lie finds that this
pleasant state of affairs, IN the
face Of predictions Of financial
failure, continued through years,
is appreciated not only by the
British government but by thous-
ands of the small stockholders In
France.
II would be against nature to
suppose that . man Of tho age Of
N. de Lcsscps would begin on
new canal enterprise without q
preference for the methods, so sue
ccssiul, Of his old one. Now, a
leading feature Of the Suez Cannl
Is that has no locks. Hence, with
its banks once built, little Of i'm
portancc In repair, save the lou-
tino cleaning, Is to be domo. II Is
this fact which has brought tho
running expenses so low aud nclp.
cd to carry the stock so high. The
total expenses, including The am
ounsfor interest aId sinking fund,
are about three aud half million
dollars h year; but, dcducting
thpsc two i.cnis, the expenses are
only about q million, and only
abcu, two-fitihs Of this goes to
cleaning the canal and its adjuncts.
Our American engineers and cx-
plorcrs strcnuously Insist that the
conditions are so totally diverse at
Sucz and al Panama that the tide
water system will mol do for the
latter. And the ordinary observer
may incline 10 think the Amcri-
cans right. But the point to note
is. that with his experience Of the
great engineering success aud the
still greater financial success achie-
vcd by his occan-lcvcl canal at
Suez, M. de Lcsseps must instinct
lively have been prejudiccd against
the American projects, explained
at Paris, except the Nicaragua
route, for they required locks. II
Is equally clear that the modified
Wyse plan of shin canal, being
very short and at tide level. must
have appealed strongly to 'hc vet.
eran engineers prejudices.
When the news Of the death OF
Prince Louis Napoleon reached
/ Paris NJ. Emile de- Giradin alluded
TO this tragic incident AS he expia-
tion for Sedan. NJ. Emile dc iirar.
din. says a correspondent, twas a
courtier of the empire; he did more
than any other TrcIcliman to pro.
woke the war with Germany, and
when he lost q daughter at Biar'
ritz the child died clasping the
hand of the Empress, who had
treated her ike a mother" Lash
cd by Paul dc Cassgnac for insult
ing tho dead, M. Girardin reprint
ted some very strong expressions
usedby NJ. de Cassagnac when NJ
Thiers died.
NJ. dc Cassagnac's reply was
II regret the language | used
but NJ. Thicrs was never M friend
nor my chief, nor M sovereign.
lie had me arrested on my return
FROM captivity in Germany; he had
my old father escorted by gen
darmcs into Spain, and had accused
us falsely Of being the authors and
the accomplices ofthc Commune.
The Emperor nads You Senator;
YOU sat H. the Luxembourg with
Rouhcr, Pcrsigny. and Saint
~-to,1 T., fnvop of tho