Abstract

An Egyptian Coup d'Etat

It is a matter of common notoriety that the Egyptian finances for the last three years have been in a state of the most deplorable confusion, due to a reaction from the inflated values caused by the high price of cotton during the American war, the great outlay of capital in improvements in the irrigation system, the establishment of free schools throughout Middle and Lower Egypt, the numerous sugar-factories, the annexation and reconnaissance of vast tracts of adjacent territory. Whether all this is for the advantage of the country remains to be seen, but it should be borne in mind that the majority of the European residents here have been strongly opposed to the Nubar-Wilson-de Blignieres Ministry, who, by their vanity, want of tact, and nepotism, have produced a reaction by which every European here has lost more or less prestige.