accept the responsible office of Minister of Finance. Nubar Pacha has
been recalled to office, and he must regard with pride the general
confidence occasioned throughout Europe by his reappointment. The
absolute despotism hitherto inseparable from Oriental ideas of
government has been spontaneously abrogated by the Khedive, who has
publicly announced his determination that the future administration
shall be conducted by a council of responsible ministers.

England has become the great shareholder in the Suez Canal, which is the
important link with our Indian Empire. At the alarm of war we have
already seen the fleet of steam transports hurrying through the isthmus,
and carrying native troops to join the British forces in the
Mediterranean. We have learnt to know, and the Khedive has wisdom to
understand, that the bonds between Egypt and Great Britain are
inseparable. At the same time we have been aided by the cordial alliance
of France in promoting the advance of free institutions and the growth
of European influence in the administration of the country. England and
France, who struggled in hostile rivalry upon the sands and seas of
Egypt, are now joined in the firm determination to uphold the integrity
of the great canal of Suez, and these powers and leaders of civilization
will become the guides and guardians of Egyptian interests. The reforms
already sanctioned with a new era of justice and economy will insure the
confidence of British capitalists; the resources of Egypt will be
developed by engineering skill that will control the impetuosity of the
Nile and protect the Delta alike from the scarcity of drought, and from
the risk of inundation. The Nile sources, which from the earliest times
had remained a mystery, have been discovered by the patience and
industry of Englishmen; the Nile will at no distant period be rendered
navigable throughout its course, and Egypt, which for actual existence
depends alone upon that mighty river, will be restored by British