Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1882-07-27

sections, as at ElGuisr, about one-ouar-
ter Of the distance eastward, the cut
tngs were over SO feet through rock of
peculiarly hard texture. The solid
embank ments are from 5 to 80 feet in
thickness. At Port Said there have
been constructed two enormous jetties,
which extend 6 $40 feet and 6,020 feet
into the Mediterranean, and inclose a
harbor Of about 450 acres in area. with a
depth in the ship channel from 25 to 2S
feet. In the construction of these let
ties huge blocks of concrete were used,
weighing % tons each At the Suez
end docks on preportionately large
scale, sufficient to float frigates, have
been built. About half way across the
canal is a completely new town, Is
MALTA, at the head of Lake Timsah, on
the other side of the bank being the
khedives chalet. About thirty miles
above Suez is the Bitter lake, a sh eet
OF water some twelve miles long from
east to west, from whose eastern limit
to Suez the canal runs between high
and narrow banks. From Ismailla runs
in Il northwesterly direction to the end
of the old canal at Cessation the fresh
water canal, thirty miles long and sixty
feet deep, which was necessary for sun
plying the workmen who built the
ship canal. This was finished in 1861,
at q cost of f28,000. From Ismailia
to Suez, distance of fifty miles, are
pumped daily through iron pipes, So.
900 cubic feet of water The distance
saved by the canal in the journey to
India is nearly half that by the Cape
of Good Hope that is to say, while
from the English channel to Point de
Gale, in Ceylon, by the latter route
YVES II $50 miles, by the Suez canal it
is 6 ,516 miles, the only addition to the
passenger fares IS. 4d. head, and the
same amount per ton on freight.
The traffic through the canal since
the opening, in 1869, on which occasion
l6O vessels passed through free of toll,
has vastly increased In 1870, up to
July q, 402 ships had made use of it.,
of which only u were sailing vessels,
and by the end of the last year 1876
ships had traversed its course, with q
gross tonnage Of $4,000 TONS in 1879
the number of vessels was AT, with
3, $4,000 tons in 1880 the number was
2,7N vessels, and 5,794,0 tons, 70 per
cent. of which flew the British flag.
highlands stake in the canal, besides
its importance to her as a route to
India and Australasia, is no small one,
when it is remembered that III Novem-
Der, 1875, Mr.. Disraeil, on the part of
the government, acquired by purchase
shares to the amount of "a 900 600.
Now, though the dividend on the total
receipts of 81, 1S7, 04S latter deducting
working expenses, interest, redemp.
ton of obligations, providing 5 per
cent. en- the statutory reserve, leaving
a net profit of f9S7, 12D is per cent
per share England receives nothing
from the earnings up to 1894 t;
but she receives from the khedive 5
per cent. on the purchase money of
her shares. She has nominated three
competent men on the directorate, and
has thoroughly controlling interest.
OF these members, two watch all
financial matters and attend the month
ly meetings OF the board; the third is
a resident director and a member of the
managing committee. These gentlemen
report constantly to her majesty's gov
eminent all matters affecting either
the financial or the general interests of
England. They have great weight upon
the board, and are treated with uniform
consideration by the other directors.
They report that the traffic can and
will easily be doubled, and toward bring
ing this about the board requests from
the shareholders the necessary powers to
enable them to realize at more frequent
intervals successive issues of obligations
to extend over period of twenty. seven
years. To show the importance which
others attached to England's interest
in the canal may be quoted a dispatch
of M. Barthelemy St. Hilaire, who
said that England furnished nearly all
the custom, and that the canal was the
indispensable route which placed her
in communication with that incom-
parable colony of 250,000,000 subjects
which she possessed in India.