New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-06-25

itself in any practical sense to the pohcy VI
abandoning Egypt.
There are vague phrases in the speeches OF
the two Prime Ministers aud in the official cor
respondence respecting the naturalization OF
Egypt. England undertakes to lay before the
Porte and the Powers scheme for applying
the Belgian principle to the Sucz Canal ana
Lower Egypt. These proposals are generallza-
tions which Mr.. Gladstone may find useful III
the approaching debate in the Commons, hut
they have htilc practical value. The Suez
Canal never eau be neutr1lizsd IN the BeiSlln
sense. since the British Government will never
surrender the right of sending her vessels OF war
aud transports by the shortest line OF water
communication with India. Neither can Lower
Egypt be ncu;ralizcd, for the security oil the
waterway depends upon the Government at
Cairo. and if ENGLAND were debarred from
landing troops and invading the country IN
an emergency. rs was done in 1852, the high
way TO India. according TO Mr.. Gladstone'S own
logic in defence of the Woseley expedition,
would not be safe The strongest reason
against naturalization remains to be stated.
Belgium is in Europe with a population capa-
bic of s,lf-government and an administration
at once efficient aud scf-supporting. Egypt
is not in Europe and cannot be expected
70 take care of itself. 1t might have
done So. If Ismail had remained on the
throne and foreign bondholders and European
administrators had not impoverished the
country, exhausted the revenues, and paralyzcd
the energies of the people But Egypt to-day
is helpless dependency. 1t has neither army
nor material for an army. 1t cannot defend
from invasion from the South. Without "A
foreign garrison It would fall a prey to internal
fcuds and anarchy. How can it be neutralzed
like Bel yium
The revision of the Law of Liquidation is
referred to the European Conference which is
10 meet on Saturday, but no decision
which NAV be reached will be binding
upon England without the consent OF
Parliament. The European Debt Commits
sion. however, is to be invested with
treaty right To- veto any increase of expenses on
the part of the Egyptian Government. BY the
present Law Of Liquidation any increase of the
funded debt il forbidden. 1h. is to be modl-
fed but the CaiSse Will have the rightto keep
down current expenditures AMI to be consulted
in regard to the budget. To this extent Eng
lish control over Egypt will be Immediately
diminished. and the principle of European
SUPERVISION will DE substituted for the recent
practice Of employing English nlrr-socre-
tarics. This principle of multiple control will
be very unpopular in England, especially if it
bc coupled with a Government loIn To meet the
hoatin- indebtedness Of the Cairo treasury. 1t
Mr.. Gladstone has 10 ask the Commons to adj
vance so large q sum. and at the same time Is
forced to admit that the Cai>~e will hereafter
audit tine accounts. and that alter 1oSS the
British garrison will have 10 withdraw when
ever Enr1p, 'acid.s that evacuation is practi-
cable. me- oug.t Ia have his election address well
i'm hand The English people are exceedingly
practical in matters Of finance. They want
good SCI uI1ty for their money when they lend
IT,. Good security cannot be Offered for any
Egyptian loan.