PORT SAID ENTRANCE TO SUEZ CANAL, SHOWING DE LESSEP'S STATUE
Learning the borrowing habit from his relations with plausible De Lesseps, the magnificent Ismail borrowed in such a wholesale manner, for the Egyptian people and himself, that in time both were hopelessly in default to stony-hearted European creditors. Egyptian bonds were then quoted in London at about half their face value, and Britons held a major part of them.
England had originally fought the canal project, opposing it in every way open to her power and influence at Continental capitals. The belief in time dawning upon the judgment of Britain that the canal would be finished and would succeed, her statesmen turned their energies to checkmating and minimizing the influence of De Lesseps and his dupe Ismail. The screws were consequently put on the Sultan of Turkey—whose vassal Ismail was—resulting in that Merry Monarch of the Nile being deposed and sent into exile, and the national cash-box at Cairo was at the same time turned over to a commission of European administrators—and is yet in their keeping.
But the miserable people of Egypt, the burdened fellaheen, resented the interference of Christian money-lenders, demanding more than their pound of flesh. The Arabi rebellion resulted, when British regiments and warships were sent to quell the uprising and restore the authority of the Khedive. That was nearly a quarter of a century ago; but since the revolution the soldiers and civil servants of England have remained in Egypt, and to all intents and purposes the country has become a colony of England. The defaulted debts of the canal-building period were responsible for these happenings, be it said.
Verily, the fulfilment of Necho's oracle came with terrible force, and generations of Nile husbandmen must toil early and late to pay the interest on the public debt incurred through Ismail's prodigality. This degraded man in his exile persistently maintained that he believed he was doing right when borrowing for the canal, for it was to elevate Egypt to a position of honor and prominence in the list of nations. And it is the irony of fate, surely, that Ismail's personal holding in the canal company was sacrificed to the British government for half its actual value, on the eve of his dethronement, and that every tittle of interest in the enterprise held by the Egyptian government—including the right to fifteen per cent, of the receipts—was lost or abrogated. Owning not a share of stock in the undertaking, and having no merchant shipping to be benefited, Egypt derives no more advantage from the great Suez Canal than an imaginary kingdom existing in an Anthony Hope novel.
The canal has prospered beyond the dreams of its author; but this means no more to the country through which it runs than the success of the canals of Mars. De Lesseps died in a madhouse and practically a pauper, while Ismail spent his last years a prisoner in a gilded palace on the Bosporus, and was permitted to return to his beloved country only after death. These are but some of the tragic side-lights of the great story of the Suez Canal.
A few years since there was a movement in France to perpetuate De Lesseps's name by officially calling the waterway the Canal de Lesseps. But England withheld its approval, while other interests having a right to be heard believed that the stigma of culpability over the Panama swindles was fastened upon De Lesseps too positively to merit the tribute desired by his relatives and friends. As a modified measure, however, the canal administration was willing to appropriate a modest sum to provide a statue of the once honored man to be placed at the Mediterranean entrance of the canal.
There stands to-day on the jetty at Port Saïd, consequently, a bronze effigy of the man for a few years known as "Le grand Français," visage directed toward Constantinople (where once he had been potent in intrigue), the left hand holding a map of the canal, while the right is raised in graceful invitation to the maritime world to enter. This piece of sculpture is the only material evidence that such a person as Ferdinand de Lesseps ever lived. The legacy to his family was that of a man outliving his importance and fair name.
The name Port Saïd commemorates the viceroy granting the concession, while Ismail the Splendid has his name affixed to the midway station on the canal, Ismailia, where tourists scramble aboard the train bound for Cairo and the Nile. The actual terminus at the Suez end is called Port Tewfik, after Ismail's son and successor in the khedivate. This convenient mode of perpetuating the names of mighty actors in the Suez drama suggests a certain sentimentality, but the present generation cares as little for the subject as for a moldy play-bill hanging in a dark corner of a club-house.
As an engineering feat the construction of the canal was nothing remarkable. Any youth knowing the principles of running lines and following the course of least resistance might have planned it. In Cairo and Alexandria it is flippantly said that De Lesseps traced with his gold-headed walking-stick the course of the canal in the sand, while hundreds of thousands of unpaid natives scooped the soil out with their hands. The work was completed with dredges and labor-saving machinery, as a fact. The enterprise cost practically $100,000,000—a million dollars a mile; and half this was employed in greasing the wheels at Constantinople and Paris, Probably the work could to-day be duplicated, by using machinery similar to that employed on the Chicago Drainage Canal, for $25,000,000. The task would be a digging proposition, pure and simple.