who seeks to combine high profits with perfect security. During
November, 1877, there were five M.P.'s at Shepheard's; and all
cried shame upon the financial condition of the country. Sir
George Campbell opened the little game. In his "Inside View of
Egypt" (Fortnightly Review, Dec., 1877) he drew a graphic picture
of the abnormal state of poor Egypt; he expressed the sensible
opinion that, in the settlement, the claims of the bond-holders
have been too exclusively considered, and he concluded that no
more payments of debt-interest should be made until official
arrears are discharged.

At last the Phare d'Alexandrie (November 29, 1877), doubtless
under official inspiration, put forth the following article,
greatly to the satisfaction of the unfortunate employes:--

"Si nos renseignements particuliers sont exacts, le comite des
finances vient de prendre une excellente decision. Elle consiste
en ce que, aussitot l'argent pour le paiement du prochain coupon,
prepare, le ministe're, avant tout autre, procedera au paiement
des appointements arrieres des employes.

"Nous apprenons, on outre, que S. A. le ministre des finances,
meme, a declare, molu proprio, que jusqu'au complet paiement des
arrieres dus aux employes, et dans le cas ou il se presenterait
une depense de grande importance, prevue meme par le budget, de
ne pas en ordonner le paiement sans, au prealable, le sommettre a
l'adhesion du comite.

"Nous applaudissons de toutes nos forces a cette bonne nouvelle
d'abord, parcequ'elle affirme une fois de plus la scrupuleuse