Word: canalized
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Dates: during 1930-1939
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...final analysis, what nation wields the greatest power in the control of the Suez Canal...
...obscured by legal uncertainties is Reader Reynolds' question, the answer may well depend on events of the next few weeks; perhaps on the monthly meeting of Suez Canal Co. directors this week in Paris. The British Government holds 44% of the Canal shares, French capitalists about 50%. Of the directorate, 21 are French, ten British, one Dutch; but no shareholder may control more than ten of the 32 votes...
...Canal directors receive $17,000 a year-almost twice the salary of the U. S. director of the Panama Canal. In France the post of Canal Director is a political reward for faithful service. Most French Presidents become directors. General Max Weygand was chosen to succeed the late Louis Barthou. British directors, all of whom planned to attend this week's meeting, include such bigwigs as the Earl of Cromer, Sir Thomas Royden. Sir Ian Malcolm, Sir J. T. Davies...
...Canal Convention of 1888 provided that the Canal remain open to all, in peace and war. But Great Britain then stipulated that so long as she occupied Egypt, she might disregard the Convention if it conflicted with British and Egyptian interests. Thus, during the World War, Great Britain practically seized the Canal, made it a British waterway. The British protectorate over Egypt expired in 1922, but Egyptian defense remains a British responsibility...
...months ago a series of suicides among enlisted men at Fort Clayton, in the Canal Zone, caused Publisher Nelson Rounsevell of the Panama American to charge the commander of that post with working his men mercilessly under the tropical sun, driving them to smoke marijuana cigarets which led to madness and to death. When an Army investigation resulted in a whitewash, the post commander and the commanding general of the Canal Department had Publisher Rounsevell indicted on five counts for criminal libel (TIME...