Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1915-05-13

There is NO reason that the khe-
dive should not be informed that in
terest myself in the negotiation from
the point of view / have spoken of.
The fact is he went on, assuming
more confidential tone, that a diff
Guilty has already arisen between the
Suez Canal company and the khedive,
of which / should be glad to avoid the
repetition. Last year, owing to GER
tain differences with the British gov
eminent on a question of tolls. the
company was obliged to threaten to
close the canal to their ships of war.
No sooner was this threat made
known, than Ismail Pasha took it upon
himself to interfere. in his character
of the principal shareholder, and to
strenuously forbid the company to
adopt any such course. We have rea-
son to think that this action was the
result of representations by the Brit
ish government through their envoy;
and you will agree with me that this
is form of pressure which could no
longer be brought to bear If the shares
of the company were held by private
Frenchmen'
de Lesseps smiled and nodded. The
minister gave me look of intelli-
gence.
You have exactly comprehended
the position he was good enough to
say, and / see that We did not do
wrong to select you. Now go and
| make your preparations to start as
quickly as possible--and be careful not
to come near the Quai DOrsay till the
whole thing has been arranged
Il bowed, and made by adieu. With
in a week was In Cairo
81 was provided with letters Of in
PRODUCTION which speedily obtained for
| me a private interview with Ismail
Pasha. The character Of this khedive
is we'll known. His reckless extrav.
agance had reduced his country to
bankruptcy and it was on this extrav-
agance that relied as the motive for
| inducing him to accept the offer which
/ was empowered to make.
The palace at Cairo, in which he
| received me, was a strange mixture OF
European and Oriental luxury. Figure
| to yourself marble courts surrounded
| by myrtle-trees and fountains, leading
| into saloons which might have been
| upholstered from Paris. This bizarre
combination reproduced itself In the
person of Ismail Pasha. whose swarthy
eastern features contrast ID strangely
with his western attire.
| 81 have the honor to wait upon
| your highness,' | said, as soon as the
ceremonial salutations had been ex-
changed, on behalf of an influential
| syndicate of bankers in Paris, who
have charged me to lay before you a
proposal of some magnitude, and
which relates to the Suez canal
| Il saw his dark eyes glitter as
pronounced this name. He responded
morosely:
II am tired of the Suez canal, M
lie Baron. 1t has not fulfilled the ex.
| pectations / was led to form from it,
and it u.s. besides, cause of many
| political embarrassments. But 60 on
explain your proposal
Thus encouraged, came boldly to
the point
at is above all a question of pri
vate finance l declared AS the
khedive of Egypt, your highness en-.
joys certain rights over the canal
which passes through your territories.
1t is these rights which constitute your
political relation to it, and they are
not affected by the scheme we are dis
cussing. In addition, you are the per
sonal proprietor of certain shares in
the company which owns the canal,
| and there is nothing to prevent your
| transferring these shares to suitable
| purchaser, with the same freedom as
any other member of the company
"'Ah!' he interrupted, I see what it
| is you want. You propose to make me
| an offer for some of these shares
| For the whole of them, your high
ness | returned, bowling.
What, Do you mean what you
say? These shares are worth at the
| very least one hundred Millions
That Is the sum which Is men
| toned in my instructions.
"Ismail Pasha gazed at me in con-
| sternation.
but / have never even entertained
| the idea of parting with these shares!
| 1t is true that find them unremunera-
tive. Are you aware that the inter
est on them is deferred?'
II have understood something OF
the sort, l said carelessly. My duty,
however, is merely to ask il your high
ness will accept for them the sum
which you have just named. My prin-
cipals have believed that in con-
sequence of the unfortunate state of
the Egyptian finances, you would prob
ably sooner or later consider the ques-
ton of realizing the value of this prop
erty, and their enterprise has led them
to make what is perhaps a premature
effort to secure it.
But do not say that it is prema-
ture.' He stopped, and bent his eyes
thoughtfully on the ground for some
moments.
have made no attempt as yet to
aSnnrtain tho yatua IF INV cba ha