The Maritime Canal of Suez: From Its Inauguration, November 17, 1869, to the Year 1884

Front Cover
U.S. Government Printing Office, 1884 - 164 pages
 

Other editions - View all

Common terms and phrases

Popular passages

Page 132 - An interoceanic canal across the American isthmus will essentially change the geographical relations between the Atlantic and Pacific coasts of the United States, and between the United States and the rest of the world. It will be the great ocean thoroughfare between our Atlantic and our Pacific shores, and virtually a part of the coast-line of the United States.
Page 130 - We declare solemnly, for ourselves and our successors, subject to the ratification of HIM the Sultan, the Great Maritime Canal of Suez to Pelusium and the ports belonging to it, open at all times, as neutral passages, to every merchant vessel crossing from one sea to the other, without any distinction, exclusion, or preference of persons or nationalities, in consideration of the payment of the dues, and the performance of regulations established by the universal privileged Company for the use of...
Page 132 - In negotiating upon this important subject, this government has had in view one, and only one object. That object has been, and is, the construction or attainment of a passage from ocean to ocean, the shortest and the best for travelers and merchandise, and equally open to all the world.
Page 132 - Isthmus will essentially change the geographical relations between the Atlantic and Pacific coasts of the United States, and between the United States and the rest of the world. It will be the great ocean thoroughfare between our Atlantic and our Pacific shores, and virtually a part of the coast line of the United States. Our merely commercial interest in it is greater than that of all other countries, while its relations to our power and prosperity as a nation, to our means of defense, our unity,...
Page 19 - Suez Canal Company, for the settlement of disputed claims and accounts, had alienated all dividends on his 176,602 shares up to 1894, and placed them at the disposal of the company. Against these dividends the company issued 120,000...
Page 135 - Atlantic, of all the valleys that are drained by the rivers of Asia which empty into the Indian ocean, and of all the valleys that are drained by the rivers of Africa and Europe which empty into the Mediterranean, does not cover an extent of territory as great as that included in the valleys drained by the American rivers alone, which discharge themselves into our central sea. Never was there such a concentration upon any sea, of commercial resources. Never was there a sea known with such a back...
Page 28 - Chesney summed up his report by stating, " as to the executive part, there is but one opinion : there are no serious difficulties ; not a single mountain intervenes, scarcely what deserves to be called a hillock ; and in a country where labour can be had without limit, and at a rate infinitely below that of any other part of the world, the expense would be a moderate one for a single nation, and scarcely worth dividing among the great kingdoms of Europe, who would all be benefited by the measure.
Page 139 - Coast, possesses, both for the construction and maintenance of a canal, greater advantages, and offers fewer difficulties from engineering, commercial and economic points of view than any of the other routes shown to be practicable by surveys sufficiently in detail to enable a judgment to be formed of their relative merits, as will be briefly presented in the appended memorandum.
Page 135 - Europe must pass by our very doors on the great highway to the markets both of the East and West Indies. This beautiful Mesopotamian Sea is in a position to occupy the summit level of navigation, and to become the great commercial receptacle of the world. Our rivers run into it, and float down with their currents the surplus articles of merchandise that are produced upon their banks. Arrived with them upon the bosom of this grand marine basin, there are the currents of the sea and the...
Page 19 - Delegations,' which are entitled to all sums accruing on the above 176,602 shares up to 1894 ; the dividend which the ' Delegations ' receive are, however, lessened by an annual sum laid aside to provide a sinking fund, sufficient to extinguish them all by the end of the year 1894. The statutes of the Suez Canal Company provide that all net earnings in excess of the 5 per cent, interest on the shares shall be divided as follows : — 1 . 15 per cent, to the Egyptian Government. 2. 10 „ to the founders

Bibliographic information