His succession to the Viceroyalty had been more or less a surprise to him, for until within a few months of Saïd's death he had not been the immediate heir, and his prospects had been only those of an opulent private person.
It was perhaps this unexpected stroke of fortune that from the beginning of his reign led him to extravagance. By nature a speculator and inordinately greedy of wealth, he seems to have looked upon his inheritance and the absolute power now suddenly placed in his hands, not as a public trust, but as the means above all things else of aggrandizing his private fortune.
At the same time he was as inordinately vain and fond of pleasure, and his head was turned by his high position and the opportunity it gave him of figuring in the world as one of its most splendid princes.
He was surrounded at once by flatterers of all kinds, native and European, who promised on the one hand to make him the richest of financiers, and on the other the greatest of Oriental sovereigns. In listening to these his own cleverness and commercial skill betrayed him, and made him only their more ready dupe.
Ismaïl, before his accession, had been an astute money-maker according to the ways in which money was then made in Egypt, and he had had, too, a European education of the kind Orientals acquire on the Paris boulevards, superficial as regards all serious matters, but sufficient to convince him of his capacity to deal with the rogues of the Bourse with the weapons of their own roguery.
In both directions he was led astray.
His first act of self aggrandizement was simple and successful. The revenue, which rested chiefly on the land tax, was low, and he raised it by progressive enhancements from the 40 piastres where he found it, to 160,