It was true that Ismail had attempted to carry out the great schemes of his grandfather for the regeneration of the Orient, and it is possible that, if the jealousy of European Powers had not prevented the army of Ibrahim Bej from controlling immense territories in Syria and Anatolia, which they had won by conquest, that the regeneration of the Orient might have been accomplished at least a century earlier. No people would have benefited more by the success of Mehemet Ali’s policy than the Christian people who to-day are under the rule of the barbarous Turks. With the regeneration of the Orient, the trade of European nations in the East would have been very largely increased.
The policy of regeneration, wisely begun by Mehemet Ali, was resumed within Egypt itself in a spendthrift manner by his grandson Ismail. Every act of his reign, with its ephemeral and hollow magnificence, moved towards the one inevitable result of foreign intervention. The price of all the transient splendour was the surrender by slow degrees of the sovereignty and independence of Egypt itself. The European Powers of late have withdrawn their interest in the betterment of the native populations in the Asiatic dominions of the sultan, and have concerned themselves exclusively with the immediate interests of commerce and the enforcement of debts contracted to European bondholders. All progress in the later history of Egypt has originated in the desire of the European Powers to see Egypt in a position capable of meeting her indebtedness to foreign bondholders.
In so far as the cry raised of “Egypt for the Egyptians” was a protest against forcing the Egyptians to pay for an assumed indebtedness which was at least four times greater than anything they had actually received, no movement was ever more just and righteous than the protest of the fellaheen against foreign control, a movement which has been chiefly associated with the name of Arabi Pasha. The issue of Ismail’s financial troubles was most ignominious and disastrous to Egypt, after nearly a hundred years of heroic struggles to keep pace with the progress of modern Europe. Had Ismail modelled his career upon that of his illustrious grandfather, rather than that of Napoleon III., with which it shows many striking parallels, it is probable that the advantage secured to Egypt through the British occupation might have resulted in political and financial independence. When the crash came, and the order for his deposition was sent by the sultan, Ismail resigned the khedivate in complete submission; and, taking away with him a large private fortune and a portion of the royal harem, he spent the remainder of his life in retirement at Naples and Constantinople, and was buried with solemn pomp in the royal cemetery at Cairo.
