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Updated: June 22, 2025
Was that addressed to the director of the Caisse Territoriale or to the defaulting ex-receiver-general? In any event, the employment at the outset of the brutal method of formal summons, instead of a quiet notification, was sufficiently indicative of the seriousness of the affair and the firm determination of the authorities.
Its influence, however, extends much farther, and the Caisse exercises the right of prohibiting expenditure on the part of the Egyptian government until its own demands for current interest have been complied with.
The man who spoke thus falteringly was a little fellow in white gaiters, with an albino's face and scanty hair that stood erect in bunches. A hideous smile parted his flabby lips. "The honorable Monsieur Sarigue refers to the Caisse Territoriale; we proceed to answer him." The Paganetti den of thieves seemed to be, in truth, very familiar to him.
"You bring me your funds I give you a whole people." The affair is carried by storm. "Bompain! Bompain!" calls the Nabob in his enthusiasm. He has but one fear, that the thing will escape him; and to bind Paganetti, who does not conceal his need of money, he hastens to pour a first instalment into the Caisse Territoriale.
The minister of finance, or "Mufet-tish," Ismail Pasha Sadeck, was now arrested and banished to Dongola. There was an immediate prospect of a dual control by England and France. Commissioners were appointed to constitute a caisse, or court, for receiving the interest due to the bondholders.
The two ladies I have named, the Governor's wife, a little Corsican woman whose heavy eyebrows, white teeth and ruddy cheeks, dark in the lower part, make her look like a clean-shaved Auvergnat a clever creature by the way, and always laughing except when her husband looks at other women these with a few Levantines with diadems of gold or pearls, less resplendent than ours but in the same style, wives of upholsterers, jewellers, dealers who supply the household regularly, with shoulders as extensive as shop-fronts and dresses in which the material was not sparingly used; and lastly, several wives of clerks at the Caisse Territoriale, with rustling dresses and devil a sou in their pockets, such was the representation of the fair sex at that function, some thirty ladies lost among myriads of black coats; one might as well say that there were none at all there.
Theoretically there are twelve of us at the Caisse Territoriale, including the Governor and the dandy Moëssard, manager of the Vérité Financière; but really there are less than half that number. In the first place, since the Vérité ceased to appear that was two years ago M. Moëssard hasn't once set foot inside our doors.
If all that the Caisse claimed as belonging to its jurisdiction were really allowed to it by the Anglo-Egyptian government, the Caisse or International Court might exercise an arbitrary control over Egyptian affairs.
Nor did she ever quite forget how long he had worshipped with unostentatious devotion at her lowly shrine of the caisse in the Café des Exiles, and how shabbily she had rewarded his admiration never once, in those many months, with so much as a smile and how unresentful had been his acceptance of her half-feigned, half-real indifference to his existence.
That year saw the institution of the "Caisse de la Dette," with power to receive the revenue set aside for the service of the debt, and to sanction or forbid new loans; and in the month of November 1876 the commission of bondholders took the form of the "Dual Control." In 1878 a Commission was appointed with power to examine the whole of the Egyptian administration.
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