"He is at the age of eighty-seven this year. His success with the Suez Canal led him to undertake the construction of the Panama Canal. The company was formed with the prestige of the great engineer's success on this isthmus, and the shares were readily sold. The work was begun; but it was a more difficult undertaking than Suez, and the company suspended payment four years ago. Speculators and 'boodlers' had 'monkeyed' with the finances, and the vast scheme is a failure. Whether it will ever be accomplished remains a question for the future."
"The poor old man and his son were dragged into the mire, and were even committed to prison, though they were soon released," added Mr. Woolridge. "I think he was a great man, and I was exceedingly sorry for his misfortunes."
"He will never receive the honor he deserves on our side of the Atlantic, I fear," added Captain Ringgold. "After rich and powerful potentates had rejected the scheme, Lesseps still cherished it. Over sixty years ago, when he was an employe in the office of the French consul at Tunis, he was sent to Alexandria on business. Here he was subjected to a residence of some time in quarantine. He was supplied with books by the French consul there, and among them was Lapère's Mémoire. The author was Napoleon's engineer, whose report that the level of the two seas was not uniform, had set aside the schemes to connect them by a canal. Lesseps considered his views, and some years after made the acquaintance of Lieutenant Waghorn, favorably known in connection with the Overland Route to India by the way of Egypt. The route by descending the Euphrates River to the head of the Persian Gulf was also considered. It appears, therefore, that Lesseps was cogitating his great enterprise for nearly forty years before the work was completed."
"I cannot see the immense importance of this canal as you gentlemen represent it; but I suppose it is because I am a woman," said Mrs. Belgrave.
"It is of the greatest importance to England," replied Mr. Woolridge. "Over twenty-five hundred British vessels went through the canal in 1888; for England has a vast empire in Asia, to say nothing of Australia and other colonies in the East. Of other nations of Europe, France sent two hundred and seventy-two ships through the canal, Holland one hundred and twenty-four, Germany one hundred and twenty-two, and others less than a hundred each."
"But how many American vessels went through?" asked Captain Scott.
"None were mentioned in the report I saw; and the number must have been very few. The canal is of vastly less importance to the United States than to England, France, Holland, and Spain, all of which have colonies in the East. Since the war, our maritime commerce has been immensely reduced, though our ships still make voyages to India, China, and various ports of the East. Then the distance saved to our vessels would be much less. Roughly estimated,—in fact, guessed at,—I should say that the distance from New York to Ceylon, near the southern cape of India, is four-fifths of that around Cape Good Hope. The heavy dues for passing through the canal are an item, and it would not pay to save two thousand five hundred miles out of twelve thousand five hundred."
"But the saving from London to Bombay is forty-four per cent," added Mr. Woolridge. "From Marseilles to the same port it is nearly sixty per cent. The United States 'is not in it'"—
"Are not in it, papa," interposed Miss Blanche with a silvery laugh.
"No, my dear; is not in it," returned the magnate, with a loving smile. "I know the government is said to have ruled for the plural, but I don't accept the ruling. Why, what does E pluribus Unum mean if not the singular number? For what did we fight the War of the Rebellion if not to prove that the United States is one government, and are not forty-four of them at the present moment."