unable to assist him in any effectual way, while, as I have already said, the friendship long existing between England and Turkey, and the abstention of Englishmen so far from commercial intrigues in Egypt had probably convinced him, in company with the general opinion of the Mohammedan East, that England was a non-aggressive power as far as the Ottoman Empire was concerned. Especially in the matter of the Suez Canal the French Government had become an object of suspicion, and it was therefore natural that when Ismaïl resolved to sell his shares in the Canal, it was to England rather than to France that he made the offer of them. I remember well the impression produced in England at the time. It was by no means one of general approval, and Disraeli was much blamed for involving the Government in a transaction which had almost necessarily political consequences. What is, I think, not generally known, at any rate in Egypt, is that the agreement to purchase the Khedive's share for four millions sterling was made not by the English Government collectively, for Lord Derby was averse to it, but on the personal responsibility of the Prime Minister who, without consulting his colleagues other than Lord Derby, they being absent from London, arranged with the London house of Rothschild to advance the money. What may have been in Disraeli's mind politically about it I do not know, but I am very sure that Lord Derby, who was then at the Foreign Office, had no idea connected with it of political aggression. Lord Derby was a man whose view of foreign policy was essentially one of non-intervention, nor had Disraeli as yet succeeded in indoctrinating his party 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