New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-07-05


for his assassination coming from the Turkish party
the actors being Principally Turkish officers VINO
ma nee9 superseded or aggreVed py he The arr
rest and trial of some fifty persons many belonging
to prominent Turkish families The court-martlai
found them guilty and condemned some 10 Geatn,
Others to banshment and Others TO lesser grades or
punishment The KhedIve, upon tine recommends.
ZION oil many prominent citizens, anu AT inc Iequosi
OF all the foreign diplomatic corps, nterVened ahu
conmuted these sentences. This act aroused oltcr
opposition to the Khedive from Arab AMI MS paru-
sans, who had now become too powerful anu were
100 deeply Interested in this question 10 Drooh op
position. Ont Of this circumstance have grown
the threats to depose the Khediye or to ignore Ills
authority"
OPPOSITION TO THE FINANCIAL POLICY
"Whv are the Egyptians opposed to the financial
policy of the Joint Controlp
Generally speaking no person likes to have an
outsider interfere with his business. This control
grew out of the fact that Ismail Pacha had
contracted a very large debt and that his
financial condition was such that the
bondhoders apprehended reputation or 1.-THE
same thing failure to pay the coupons. need not
enter into the causes of this debt but should say
that nearly one-quarlero of it grew out of obligations
incurred by the khedive through the CONSTRUCTION
of the Suez Canal ; the rest was money borrower 10
carry out his schemes of National grandeur ana az
gTandIzement, which were 10 place Egypt among
the foremost Powers bordering on the Me lterranean
And he did build railroads, docks, ocean ana Nlle
steamers, warehouses. sugar factories canals lor
irrigation, and made other material Improvements
OF Inestmable value to his country. AT the same
time lie squandered money IN true Oriental style
and probably gave little thought as TO now ne shoud
pay his obligations. lsmail borrowed his money as
any sovereign bOrrOws mOney-Ot those VINO nad IL
to lend not dollar was borrowed oil the EnSilsn
French Governments, nor did these governments
give any guarantee to the individuals lendlngit. ne
treasury ODl cations and bonds were principally sod
in the markets of Alexandra and caro- 10 private
bankers who bought them tempted by the large
margin ana extrayagant interest. The average
nrIe IL.
paying commissions, | venture TO say, did not eX-
ceed % per cent of their face. These bonds found
their way france and England, from the same
motive which tempted people TO buy them III the
first instance. La the fall of 1876 Mr.. Goschen,
representing the English bondholdeIs, ana NJ. Jou,
bert, representing the French, came TO Cairo and
forced upon lSnall Pacha, backed by the Ehgllsn
and French dIplomatica gents,a onvlrtualy
turning over the management oil the Egyptian
finances to English and French agencies known as
the Joint Control. subsequently, Tor causes
which need not here be reca led, Isnail was ban
ished from ms country aud Iewnk, his son,
placed upon the hhedive's throne. The presenG
knedlve has considered himself D09hd
by the convention Oh his father, and under the RlaI
Ministry Tor the last three years, TINS arrahgeWeEt
has been III operation III has as general rule
produced excellent results. While the taxes nave
not been materially reduced their levy ana COL
lection have been regular and generally sa ISL c-
tory though Durdensome TO the teliaheen Person
ally deem 1t great amcilOratlon ot the cOndlioh
under lsn.ll Pacha buslaess mas been reasonably
prospe. GUS salaries of employees have been regular
~ pad, the Egyptian Government mas pald OH near,
ly IL 900, 900 sterling of judgments pronounced
against il by the International Tribunals, ana the
hOnds bearing and per cent Interest nave st0Od
well in the European markeis. lie dlsanecton
grows out OF the ieeilng that, now that lsuaii gan
10 longer practice his eXtraYagaut SYSTEM ana tnat
tie present khedlVe Is an economical ana prudent
ruler that they should he permitted at least " Try
tue experiment of seli-goyernment.
THE COST OF FOREIGN OFFICIALS.
This Control has greatly offended the Egyptians
by its arrogance aud extavagant cost to the treas
ntnn ot bp SnI1r
paid to Europeans IN the different branches of the
financial administration:
F onr Of pubic debt $4,000 $1,000
Two eommissiSIes oi tne dd nv 1e
@eGS N 0O Of the domain and moreage to 'VOOV
Rothschild Tor special loan OF so,OOOOOOl $loOOO
TWO administrators railroads. $4,000 each.- 10000
one director Of the custom house i20o0 0
one Inspector OF accounts i5 00o
At least yenty other empoyes secTetaIies and ooo
nspecors receiving an average OF ShOOO eaeh loOOO
at should be noted that a Frenchman and an Eng
lshnan are always employed, and IN most cases
where one would answer every purpose. The work
of the comm ssoners of the debt consists simply in
receiving from the public treasury the money
into certain English and French banks to
meet the regular semi-annual interest Nearly all
these exp nSes apart and outside OF the ordinary
administration Of the Ministry or FINANCE.
THE RESOURCES OF EGYPT.
oft should be remembered that Egypt has only
five millions of population and only five millions Of
tllable acres of land, and that its annual budget is
fs 600 OOO of which onehalf is for interest the
public debt With the exception of small revenue
from the railroads and the customs, all this money
must come from taxes the land. 1t is a fact that
each acre of land III Egypt must pay SO of taxes be-
sides supporting an inhabtant. Foreign capital is
not taxed in that country neither do foreigners pay
any taxes upon their houses, their stores and their
merchandise while the natives pay taxes upon all
these Foreigners only taxed upon agricultural
lands which is one of their conditions of taking
title The legal rate of interest is II per cent, and
II averages at least 10. Owing to treaty privileges
exacted from the Ottoman Government and the
Khedlve the foreigner enjoys far greater legal
privileges than the native and is subjected to none of
The burdens of maintaining the Government which
furnishes him with home The Arabs knowing
al this naturally ask: Thy should we be treated
thusf DO foreign Governments interfere and take
possession of the financial administration of Spain,
of numerous South American Republics and of GER
tain uthern states of the American Government
which have borrowed money of their citizens and
pledged their National faith and credit tor Its pay
inentP Arab and the National party have made
no threat of Reputation. They have even offered
not TO disturb the main features of the Joint Con-
troll and TO set apart regularly each year the sum
In gross cessary to meet the requirements OF the
puoIic de0t, and have declared that The moment
default was made III any of these engagements they
would by treaty be bound to restore the Control
with penary powers.
with regard to the situation of to-day do not
doubt that no one regrets the violence and blood
shed more than Arabi Pacha For more than
a wear he has had it in his power to
assume tho reins of Government and massacre or
Danish every Chris san or European. Certain
fanatics. religious and otherwise have urged TINS
course upon him; he has always sou1ht to maintain
order and at no time has he shown any disposition
to interfere wi h the peaceful occupation OF his
country by Christians and Europeans as such. so
far. lndee l. as any demonstration against foreign
intervention in the Egyptian Government is con-
cerned it has been directed much against tna
Turk az the Frank. 1t is my candid opinion that
the naval demonstration in the Port OF Alexandra
has done more create the state OF riot and anarchy
tn n All the events winch have happened upon tie