Egypt and Its Future, a Visit

Egypt and Its Future, a Visit

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1882 edition. Excerpt: a way not very dissimilar. The produce of the private estates of the Khedive and his family, has been confiscated meanwhile for the benefit of his creditors. Other measures, tyrannical in their principle, and ruinous in their issues, we do not stay to particularise. But out of this ruin will come, in the future, prosperity to Egypt, that is, if its lesson shall be laid to heart, and order and economy studied by its rulers in time to come. Part of the money was squandered in wasteful projects and profligate indulgences, but--and it is but fair to Ismail to say so--great part of it was expended in public works of a remunerative character. He constructed the canals for irrigation at a cost of 12i millions. The length of these canals was 8400 miles, and the excavation was half as much again as that of the Suez Canal. And if the Suez Canal cost 19 millions, the value of the Nile canals, dug by Ismail, may well be put down at 27 millions. They will remain the greatest of the works of Ismail. The difference o betwixt their cost and their real value arises from the fact that they were mainly made by forced labour. They have already enabled the Egyptians to reclaim 1,300,000 acres from the desert; and have added 11 millions sterling to the gross annual products of their crops. Well had it been, both for Ismail and Egypt, had he acted on the advice which the first Caliph gave to his son, a thousand years ago, "Beware of moneylenders, and devote one-third of thy revenue to making canals." After the canals for irrigation comes, in point of importance, the Suez Canal. The sum which the Khedive expended on this great work was Gi millions. The sum which was added by the company was 13 millions, making, as we have already said, the total...
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Product details

  • Paperback | 40 pages
  • 189 x 246 x 2mm | 91g
  • United States
  • English
  • black & white illustrations
  • 123683903X
  • 9781236839039