[Illustration: 259.jpg FERDINAND DE LESSEPS]
In 1854 M. Ferdinand de Lesseps, whose father was the first representative of France in Egypt after the occupation, and who was chosen consul at Cairo (1831—1838), obtained a preliminary concession from Said Pasha, authorising him to form a company for the purpose of excavating a canal between the two seas, and laying down the connections on which the concession was granted. This was followed by the drawing up and revision of the project mentioned above, and by the renewal in 1856 of the first concession with certain modifications and additions. Meanwhile the British government, under the influence of Lord Palmerston, then foreign secretary, endeavoured for various political reasons to place obstacles in the way of the enterprise, and so far succeeded in this unworthy attempt as to prevent the sultan from giving his assent to the concessions made by the viceroy of Egypt. Nothing, however, could daunt the intrepid promoter, M. de Lesseps. He declared his motto to be “Pour principe de commencer par avoir de la con-fiance.” Undeterred by intrigues, and finding that his project met with a favourable reception throughout the Continent of Europe, he determined, in 1858, to open a subscription which would secure funds for the undertaking. The capital, according to the statistics of the company, approved in the firman of the concession, was to consist of forty million dollars in shares of one hundred dollars each. More than half of this amount was subscribed for, and eventually, in 1860, Said Pasha consented to take up the remaining unallotted shares, amounting to more than twelve million dollars. Disregarding the opposition of the English government, and ignoring the Sublime Porte, which was influenced by England, M. de Lesseps began his work in 1859, and on the 25th of April of that year the work was formally commenced, in the presence of M. de Lesseps and four directors of the company, by the digging of a small trench along the projected line of the canal, on the narrow strip of land between Lake Menzaleh and the Mediterranean. This was followed by the establishment of working encampments in different parts of the isthmus.