Wacha, Dinshaw Edulji: Premchund Roychund: his early life and career (Bombay, 1913)

influence on the development of our trade.''
It will be fully understood from the state-
ment of so great a statesman as Lord
Elphinstone and the head of the Govern-
ment that at any rate till i860 the larger
progress which was everywhere discern-
able in the trade of Bombay had been
natural and in no way owing to "wild
speculation" which was to be seen later
on. There was a sober, steady, evolution
going on, with the era of rail-
ways, telegraphs and other adjuncts of
the progressive civilisation of the West.

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