The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-01-22
CAIRO BECOMING
4 MODERN CITY
Real Estate Boomers Sell Lots
Almost Out to the Pyra-
midS.
PROSPERITY OF EGYPT
REALLY REMARKABLE
Rapid Advance of the Last Few
Years a Matter of Won
der.

CAIRO. Jan. 2l.-The prosperity OF
things OF the century. This prosperity
has not been due solely 10 the extern
sion OF the railways and the increase
of business on the canal-it has been
pronounced along all lines except In the
business OF cattle growing, where the
recent plague has caused a deprecia-
ton in values. and the ravages TO cot
ton caused by the boil worm In Up
per Egypt, But except in these minor
details even Sir Vincent Corbett. flnan-
cial adviser to the Egyptian Govern
ment, says that the rapid advance In
the prosperity of Egypt which charac-
terized 1903 and 1904 has TO all Outward
appearances. at least, been maintained.
Modern Change Progresses.
1t is Just thirty years ago in the Khe-
dival palace II. Cairo that Gen. Stan
ton, tho British Consul-General and the
unhappy Ismail Sadyk Pasha, nick
named 1.-THE Mufettlsh." then Egyptian
Minister of Finance, signed the con-
tract by which the Viceroy's shares
passed into the possession OF Great
Britain. From that transformation the
whole modern change in Egypt has
been gradually and consistently
evolved. II led to the bcInbardment OF
Alexandra. the stricken" field OF On
durman, the dramatic crisis of Fashoda,
and fina!ly the poetic denouement of
the I.ansdowne-C Canton convention OF
last year.
Scarcity of Labor.
IT his annual note on the budget Sir
Vincent Corbett even goes on TO show
how the prosperity OF Egypt has
caused a scarcity in all labor, skilled
and unskilled. He says: II learn from
the irrigation authorities that the cost
of construction of earthworks has risen
within the last three years by at least
so per cent
This boom in all things Egyptian has
recently been so pronounced that Sir
Vincent sounds note of warning:
Sounds a Warning.
with a full sense Of the responsible
ity attaching to an expression of opin-
ion which cannot but have something
OF an ex-cathedra character, / desire to
sound a note OF warning to those who
look on Egypt az an Eldorado for In
vestors-to spectators who hope to
find here a field for money-making
Even In the matter OF real estate II
is noted that real estate additions to
the city of Cairo have been laid out, al
most to the foot OF the Pyramids
Real estate boomers with modern
methods have taken possession of the
town. and many and startling have
been the changes. 1t Is possible that
the appeal to the historic has a pecu-
liar fascination for some speculators
but II is a remarkable fact that in
ouiries from all over the world have
reached Cairo regarding Egyptian real
estate and mining.
In the matter of mining Sir Vincent
has this to say
Mining Is Active,
The Department OF Mines has been
formed for the purpose or issuing mi
ming leases and licenses and generally
controlling the mineral industry within
The country. The extent Of the regions
In which ancient mining centers have
been found is such as TO induce the eN-
penditure of large sums of money with
In the next few years for further eX-
ploration and development work most
OF wnlch money Will be derived from
sources outside the country and spent
in It. The department has been placed
under the charge OF an inspector
eral, who VIII be assisted in his duties
by other inspectors, and special staff
of desert DOlIce'