CHAPTER I EGYPT UNDER ISMAÏL

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 maintained in law, Ismaïl's debts were personal not public ones, and should have been so treated. Cave's weakness on this point was the beginning of the political intervention in favour of the bondholders, and his report led by a necessary logic to the recognition of Ismaïl's debt as a public obligation. Sir Rivers Wilson, who immediately followed him, though a far abler man, was equally inexperienced, and was at that time chosen, I believe, principally for his knowledge of the French language. I knew him intimately, and I knew also, but in a less degree, Cave; and I continued in correspondence with Wilson for some years and am well acquainted with all his Egyptian doings.