Political Arrangements.

The co-operation, or, at least, the concurrence of the Pacha of Egypt would be indispensable.

Having suggested the expediency of the interposition of one or more of the European powers to remove any political impediments which might stand in the way of this enterprise, it appears necessary to take a brief view of the interest which they would each have in promoting it.

Great Britain, from the vast extent of her commerce and political connections with the East, would, undoubtedly, derive the greatest advantage from it; but most of the other nations of Europe would derive benefit in proportion to the extent of their commerce; and those, having ports in the Mediterranean and Levant, or indeed anywhere nearer to the proposed communication than the ports of Great Britain, would gain more in proportion.

Holland, next to Great Britain, would, from the extent of her trade with the East, have a direct interest in the accomplishment of the proposed enterprise. Her commerce would be improved, and her political connection with her extensive colonies of Java, &c., would be much strengthened by it.

France would derive most important benefits. It would create almost a new commerce for her, in which, through her ports in the Mediterranean, she would have the advantage over us in importing direct the indigo, &c., of India, of which she requires such large quantities for the use of her manufactories, while the shorter route which would be opened to India, &c., would give a stimulus to her exports.

Austria, there is every reason to believe, would give a cordial support to the undertaking. She is making active and judicious efforts to extend and improve her commerce; and there is little doubt of her co-operation in promoting an undertaking so well calculated to further her views in that respect. The merchants of Trieste have been the first to avail themselves of an arrangement which the writer of this succeeded about two years since in effecting with the Pacha of Egypt, by which he agreed to relinquish the high rate of transit duties in Egypt, imposed by the treaties with the Porte, and to substitute as low a rate of duty as would admit of the transit through Egypt of goods to and from India, &c. Under this arrangement, two cargoes of India produce have been already brought from Bengal to Suez in sailing vessels, thence transported across Egypt to Alexandria, whence they were brought to Trieste.

The Chamber of Commerce of that port are, it is well known, anxious to extend their trade with the East in this direction; and it is stated, that a proposal was, a short time since, made by some Austrian capitalists to the Pacha, for opening a Canal through the Isthmus.

Greece would obtain a decided benefit by it. Her numerous small vessels would be well adapted for trading with the ports of Africa and Arabia in the Red Sea, and they would soon be seen covering these coasts.

Italy, Turkey, Spain, Portugal, Belgium, the minor northern states, and even America, would all participate more or less in the improved route for eastern commerce, and, taking a just view of their own interests, would hail it as a benefit.