Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1882-07-21
THE WAR IN EGYPT

THE WAR IN EGYPT
The .Mn and Measures that Caused 1.-THE
Debt Issue smaH, the Borrower, and Arabi
Pasta, The Oriental Readjuster- Picissitades
Of Egyptian Politics- Tie Triumph Of .irabi
-Europe Dtfsd.
Arab Pasha owes his rise to power in Egypt
to the fact that the immediate predecessors of the
present khedive were unstinted borrowers In
the Land OF the Nile, AS III some of our states.
the debt issue has been found To open TO schem.
power. Modern Egypt, especially rs regards It's
close relation to European politics, may be said |
to he the creation OF one man; isInall iasha.
who succeeded his uncle, said l'asha, in the
government of Egypt i'll 1863, and was In 1867
clothed by the Sultan with the new title of khe-
dive or Viceroy. IL is indisputable that he was
a generous large minded man, who conferred
large benefits upon Egypt by the immense
stimulus he gave to the development of It's re-
sources. But this attempt To EuropanlZe his
country, involving AS II did vast expenditure
supported by loans contracted at high rates of
interest, was illjudged. and has put upon the
present and many future generations of Egyp-
tians an almost intolerable burden.
EGYPT's DEBT.
The debt of Egypt is si65,1oooo. exclusive of
the debts secured 10y the private estates lDaira)
If the former khedve and by the public domain
amounting together To 81, U0, 90 The first loan,
made by said Pasha. lsmil's predecessor. dating
from lS62 was for sl6SU,uD0 all the remainder
rates Of interest in the short period of about six
teen years. "None Of the Egyptian loans" says
Mr.. Cave. the eminent hnancer. who WAS ,ent
out In IS.5 10 put the khedive's affairs in order
cost less than II per cent. per. annum while
some cost more than III ,; and the military loan
cost Il9 per cent including sinking funds Ii
is generally admitted that the khedive receiv-
ed little more than half the nominal amount Of
his loan As his money was for the most part
badly invested; or-what WAS oftcner the case
-squandered, il is not surprising that he soon
found himself unable To borrow more. or pay
Interest ON what he already owed To European
capitalists.
REFORM oT THE FINANCES.
Under the pressure of increasing financial DIFF
nculties in August ISIS. he transferred 10 the
Egyptian eNchequer the Dsnra estates, held by
himself and his family. and entrusted Nubar
Pasha a Christian, educated in England with
the task OF forming ministry that would de,lse
In this reform ministry Mr.. River Wilson be-
came minister Of finance. and NJ. de Blignier"s
minister Of public works. and English and
French commissioners Of the public debt were
put In power. The remedies these gentlemen
sought Ia apply were. however more whole
than agreeable Ia the public for whose
benefit they were d,.S is.d. and the ministry a. "a
whole became unpopular. II fell February ~.
lSH hv reason Of an outbreak NJ talr". whlch
the khe,live himself WAS suspected OF secretly
promoting Trw1k Pa>ha. lsmails eldest Son.
the present khediVr. formed "A new ministry. IN
which the representatives OF lslnall creditors
were understood to have "A decisive influence,
bat on the 7th III April lsnail dismissed the
lcabinet ON the alleged grounds that its measures
IN. puhlicr cr.dit. and announced tn, formation
Of a ministry composed OF really Egyptian ele-
mrni>.
IsM,IL pDrrsEp.
This squirting toward 'realtu>tetism' pre-
cipita'a,i crisis and on the 18th of June the
sultan. nj the in>tan'e 81 England ana nance
issued u firman deI-,>ing lsmail and appointing
rewfk kheiiye ia his stead. Iewnk was more
saenahle in Western influences than his head
tur, T. H.. II mas NJ this time. the western
powers entered upon their joint prntcctorai-:
TWO 'cnmIfr"ller> general. MAJOR r ihaf'ns Nlh
". de HIignier,s. wrrr appointed. AMI the extent
~ their powers wA> defined In a decree oil Nov.
It. IS.p:
IN. eumpt ruyicr> general have full powers Of
investigation int" every public service OF the
state including that ot th. public debt ministers,
and all publiee officials every rank ar" bound to
furnish them Will all documents they may ne
'qitre. They can only l.. removcd 10y their
osu government They take the rank OF
ministers. AMI Will have the right la attend and
,~ak at mcctingsof Tn" cnuncilo ministers. but
ithout the power tn vote. They have the
over Of namIn. and Diminishing all officials
li,ssrc Is-si~tahsA .Snf u~. Ia them
Eir control Of the pur>-'-strngS mad" them.
may ir reaily imagined. the uf''~t consider
prr~ons Ia the Egyptian "!nintratton. In
IN. ls~l a law framed hy supplementary
mmision 81 liqntd.Iinn. representing the
Sernmrnts OF Germany. ;r'-ilungary.
u prov ids.s.- ]. P.ymeu; of the ucating debt -
pr cent. In cash; aud - cent in h,nds 81 the
new pFiVI.-s,~I d"ht. = Conversion nf tn" loans
~ l~si l~Si. l~s and l>sS' int binds OF the un-
=
rus DEBT .Sp Hrn.rr
an tn" LIT II January. I>'i. the public debt
tnifs-i i~ht al pr cent S~S. Ssl. .al
Privileged debt al pr cent Il3.FS.sD
nruIan lusans At I-r cent G.EH,lbH
Ialra ~ant~h Lxlus 4 To /, mr. cent a. 6isYI
Total SOL ~ In
To this total cFsI4I ~ - /. tn IT, astis, horu-
debt. Ia n, Js,L In ATTY annual iustAIlmcnts.
male NJ ~ s1h'n and the inicr'>i nn the >tar.>
II the su-r canal i-tuxht by england In ls-A
amour ting To 81 50 as, annually m. budget for
ls.l Wa:
gErrIrrs.
rs--.,, ,.1a sssi; ~,
-, -.te.st
. -, 49, 4. ,--z,.,
-, -, isit,s,
''""' 'e'"'i'S I''A.iS
Tntl ~ Ia,
| rxrxNn,xrx
lrihu'" I" III" l"rt" 7.u-. ~
E..I ,I.nI $500
-
Total su.5Ii.l ~
The rnuE laha'uah. an arrangement rontrtvrd
nN small. b, which owners "f land oouid. on
iS'> ,,'k ~ H,ar> IA. va MtNsm'r. obtain re-
81 I'm. am. tIrn man rrt,rn,. ~ ~. ,,,.i
Il collecting stat. due. ~~rr rua.ie. and
The ADMINISTRATION In all hranchc' improved
-, ~ 20 - ',,rn' % VA" ,i',' a>I,.r"
securities tn th~ market from IL la n, francs
r,,ys<.S, r.,iy,p .v.rsru
Fynti,n rn.,',s an, - ,,.
reforms intr,-iuc.-i fr,.-h troubles, The onnIl-
Ia" 81 rich and I.-'r ~a~ larsrly improved II i
-, anu n'Nl's NV 49, N"'y Pt,9"rtI,
sspI,al. rr,rnrani,x WI. f,rm..i for i.n,Iin,
money al !n~ ra,.-< for land cultivation for
building. SC. Land r,-~.- In vaiu. In many places
y" Pr ornt AMI the interest," on n'"n"y fell HUT
-, IL, ~ 's.
"a the >.,~ne tn Suggest VISIONARY s.,hrrns. Of
government. h'r which the Egyptians w.rr no,
, W. ,s,a,H. n,''s 'ne "'hsr Theorists ~wre
W : Hunt .ha pl.y,., il !. ali ~, ,"r', , III.
>urabie part in sowing the SEEDS 81 cii~cnn,ent
Pc ne natives hy th.tr tira1ies against III.
n shI>'ns , ~ srh,.rn,fn, 10y
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