with his own imperialistic ideas. The transaction, nevertheless, was one of evil augury for Egypt, and especially by reason of the part played in it by the Rothschilds. As will be seen later, the financial connection of this too powerful Hebrew house with Egypt was the determining cause, six years later, of England's military intervention.3
Mr. Cave's mission, which followed immediately on the purchase of the Canal shares, was without any question Ismaïl's doing also. The object in Ismaïl's mind, as is perfectly clear, when he asked for it, was still further
to work the new mine of English political assistance he had discovered, with a view to further loans. He wanted to get some public testimonial, in the shape of a published report, in favour of his continued solvency, and so to re-open to him the European stock exchanges. It was for this purpose that he applied to Colonel Staunton for an English inquiry, and to a large extent he succeeded in his plan. Mr. Cave, who was chosen by the English Government for the inquiry, was a worthy and, I believe, quite disinterested man, but one who lacked experience of the East, and so was specially easy to deceive; he lacked also the fibre necessary for dealing quite courageously with all the facts. Ismaïl, like most spendthrifts, when it came to the point of showing his accounts, had always concealed a part of them, and, with the assistance of Ismaïl Sadyk, now gave a fanciful budget of his revenue, which Cave too readily accepted. He also allowed dust to be thrown in his eyes to some extent as to the misery of the fellahin. It was the Khedive's plan to surround distinguished financial visitors whom he desired to captivate with the show of great wealth. The mission was splendidly entertained and taken about everywhere by the Khedive's officers, who arranged things beforehand, and prevented as far as possible the nakedness of the land from being seen. Thus Cave's report, when it was published, gave only a partial truth. I think too that Cave might have insisted, if he had been of a stronger character, on the fact which lay at the bottom of all Egypt's financial difficulty, namely, that in justice, and indeed it might have been