Page:Turkey, the great powers, and the Bagdad Railway.djvu/187

 Faced by the same adversary, it is natural that France and Russia should build up a common defence." That France should not desert her ally Russia or her own prerogatives in the protectorate of Near Eastern missions is self-evident. "The protectorate over Catholics is for us, in short, a source of material advantage!"[33]

The Bagdad Railway was not without friends in France. The French chairman of the Ottoman Public Debt Administration was an enthusiastic supporter of the project and served on the Board of Directors of the Bagdad Railway Company, for he believed that widespread railway construction was essential to the establishment, upon a firm basis, of Turkish credit. The French-controlled Imperial Ottoman Bank, as early as 1899, had agreed to participate in the financing of the Bagdad line, and an officer of the bank had accepted the position of vice-president of the Bagdad Railway Company at the time of its incorporation in 1903. The French owners of important railways in Anatolia and Syria believed it would be suicidal for them to obstruct the plans of the ''Deutsche Bank'' and preferred to coöperate with the German concessionaires. Unless the French opponents of the Bagdad Railway were prepared to offer these interests material compensation for resisting its construction, it was hardly likely that, hard-headed business men as they were, they would jeopardize the security of their investments for the sake of such intangible items as international prestige and protectorates of missions.

There were two important groups of French-owned railways in Turkey-in-Asia. In Anatolia there was the important Smyrna-Cassaba system, extending east and north-east from the French-developed port of Smyrna.