DOI Page / Citation link:
https://doi.org/10.11588/diglit.2374#0030
22 A JOURNEY FROM MADRAS THROUGH
CHAPTER of iron is, in the course of the year, converted into steel. Besides
v n the money advanced for iron, the proprietor, for the immediate
August js. subsistence of the workmen, is occasionally under the necessity of
advancing them money; and he must also pay the general expenses
atte ding the forge. These are:
Tanams.
To the keeper of the forest, for leave to make charcoal 110
To the Sunca, or collector of the customs - - 30
To the Gauddf or chief of the village, for house-rent 15
To sacrifices - 30
To bellows 42
To the Brdhmans as charity - ..-• - - 20
Fanams 247
Every man, however, repays his share of this, in proportion to
his quantity of steel; and the whole profit of the proprietor is the
having three Pagodas worth of iron converted into steel, for which
he will in general be in advance about 40 Pagodas, He therefore
requires a capital to that extent; unless be can borrow it from some
merchant, which indeed he generally does.
The 45 Pagodas procure 1800 wedges of iron, and on an average
procure 4500 pieces of good steel; which, at 2f for the Fanam, are
equal to Fanams 1800
900 pieces of bad steel, at 6 Fanams - - 150
1950
Deduct general charges - - Fanams 247
Price of iron - - 450
------697
Neat gain - 1253
The neat gain, 1253 Fanams, divided by 15, gives S3j-Fanams
clear profit for each share. The workman's wages are equal to one
share, and thus amount to about 7 Fanams a month; with double
that for the foreman, because he gives up his whole time to the
CHAPTER of iron is, in the course of the year, converted into steel. Besides
v n the money advanced for iron, the proprietor, for the immediate
August js. subsistence of the workmen, is occasionally under the necessity of
advancing them money; and he must also pay the general expenses
atte ding the forge. These are:
Tanams.
To the keeper of the forest, for leave to make charcoal 110
To the Sunca, or collector of the customs - - 30
To the Gauddf or chief of the village, for house-rent 15
To sacrifices - 30
To bellows 42
To the Brdhmans as charity - ..-• - - 20
Fanams 247
Every man, however, repays his share of this, in proportion to
his quantity of steel; and the whole profit of the proprietor is the
having three Pagodas worth of iron converted into steel, for which
he will in general be in advance about 40 Pagodas, He therefore
requires a capital to that extent; unless be can borrow it from some
merchant, which indeed he generally does.
The 45 Pagodas procure 1800 wedges of iron, and on an average
procure 4500 pieces of good steel; which, at 2f for the Fanam, are
equal to Fanams 1800
900 pieces of bad steel, at 6 Fanams - - 150
1950
Deduct general charges - - Fanams 247
Price of iron - - 450
------697
Neat gain - 1253
The neat gain, 1253 Fanams, divided by 15, gives S3j-Fanams
clear profit for each share. The workman's wages are equal to one
share, and thus amount to about 7 Fanams a month; with double
that for the foreman, because he gives up his whole time to the