"At this great moment in history, we stand at a crossroads.
"Egypt, an ancient civilization between the Mediterranean and the Red Sea, now appeals to the entire world for the support of the wise and the farsighted, so that together we may usher in a new era of prosperity.
"We are honored to announce the official establishment of the Suez Canal Company!
"Our purpose is to build a canal connecting the Mediterranean and the Red Sea. It will be a landmark undertaking in world history.
"This will not only dramatically shorten the voyage between Europe and Asia and create incalculable economic benefits, but also bring prosperity to the entire world! To all humankind!
"To better serve the world, we will put the past behind us and invite investors from across the globe to join us in completing this great undertaking and enjoying the best possible returns!"
Muhammad Ali was clearly confident in his plan, but the initial response was less than enthusiastic. The Italian states, in particular, could only be described as indifferent.
The Kingdom of the Two Sicilies on the Apennine Peninsula, the Papal States, and a series of small states under Austrian control were neither surprised by old Ali's Suez Canal plan nor showed the slightest interest in it.
The Great Powers and the German States, however, reacted strongly. France and Spain, especially, were practically jumping on the tables to cheer.
In truth, continental Europe had long suffered under Britain. The British had dominated trade with the East for years, artificially inflating the prices of goods from India and the Far East.
This had long stirred discontent among the European nations. More than one country had considered bypassing Britain as a middleman and trading directly with the East.
But putting that plan into practice was fraught with difficulties.