DOI Page / Citation link:
https://doi.org/10.11588/diglit.27741#0016
Presidency Hocked to Bombay within the
twinkling of an eye to enrich them-
selves beyond the dreams of avarice. To
those curious to be pretty fairly acquainted
with the narrative of that stirring period
I would refer to the book I published
in 1909 called " A Financial Chapter in
the History of Bombay City" fCombridge
& Co.). In the chapter specially devoted
to Mr. Premchund they will have some
clear conception of his remarkable Hnan-
cial activities. The speculation so rile
between 1863 and 1863 will, in a great
measure, recall the historical one of the
eighteenth century in England known as
the South Sea Bubble.
Of course, with the fall of Richmond,
in March 1863, cotton prices declined
enormously, say, from Rs. 700 to Rs. 250
per candy, and lower still later on, after
a brief rally. That circumstance led to
the complete collapse of speculation and
speculators in Bombay. The aftermath
IV
twinkling of an eye to enrich them-
selves beyond the dreams of avarice. To
those curious to be pretty fairly acquainted
with the narrative of that stirring period
I would refer to the book I published
in 1909 called " A Financial Chapter in
the History of Bombay City" fCombridge
& Co.). In the chapter specially devoted
to Mr. Premchund they will have some
clear conception of his remarkable Hnan-
cial activities. The speculation so rile
between 1863 and 1863 will, in a great
measure, recall the historical one of the
eighteenth century in England known as
the South Sea Bubble.
Of course, with the fall of Richmond,
in March 1863, cotton prices declined
enormously, say, from Rs. 700 to Rs. 250
per candy, and lower still later on, after
a brief rally. That circumstance led to
the complete collapse of speculation and
speculators in Bombay. The aftermath
IV