Even Russia, although possessed of an over-land communication with Central Asia, India, and China, would gain an advantage by the Canal, as she could open a maritime intercourse with the east through her ports in the Black Sea, which would be less costly, and susceptible of greater extension than a land transit.

It hence appears, that all the European powers would have an interest, more or less, in promoting this enterprise; and there appears to be reasonable grounds for concluding, that if requested by one or more of the first-rate powers, either to undertake the work himself, or permit it to be undertaken by private capitalists, under such an arrangement as would connect his name with it, and secure to himself and his descendants a pecuniary benefit from it, as already suggested, Mehemet Ali would be induced to co-operate in it.

The guardianship of such a passage between Europe and the East, would serve to enhance the importance of his political position, and to strengthen those relations of mutual interest between the ruler of Egypt, and the communities of Europe, which would form the most efficacious guarantee for the continuance of the Government of Egypt in the family of Mehemet Ali.

The association of his name with so magnificent an enterprise, would, I consider, be another powerful motive to a man so ardently imbued with the love of fame.

Should a firman or other formal act from the Sultan of the Ottoman Empire, in his character of sovereign of the soil, be deemed requisite for securing a permanent and indisputable right to make and keep open the Canal, I should suggest that point being left to the management of the Pacha, who, I have some reason to think, would obtain it much more easily and promptly than if it were attempted through the medium of European diplomacy.

Advantages of navigating by the canal route, as compared with the route by the Cape of Good Hope.

Before entering on a comparison of these two routes with regard to their navigation by sailing vessels, it may be well to consider what advantages the contemplated Canal would afford in facilitating the steam communication with the East viâ Egypt and the Red Sea, commonly, though very erroneously, denominated “the Overland Route.”

In order to make this properly understood, it will be necessary to give a brief account of the present arrangements for the transit through Egypt of the mails, passengers, and packages, to and from India, China, &c.

It is, no doubt, generally known, that this communication is carried on by the steamers of a private Company, which ply monthly between Southampton and Alexandria, touching at Gibraltar and Malta, and by smaller steamers belonging to the East India Company, which ply monthly between Bombay and Suez, chiefly for the purpose of conveying the mails. The private Company have now also placed two steam ships, the “Hindostan,” and the “Bentinck,” of 1800 tons, and 520 horse power each, to ply between Suez and Calcutta, touching at Aden, Ceylon, and Madras. The vessels of that Company, both on this side of Egypt, as well as on the other side, convey goods as well as passengers, and the mails; but the East India Company’s vessels plying between Suez and Bombay, do not receive goods, and have but limited, and comparatively inferior accommodations for passengers.