DOI Seite / Zitierlink:
https://doi.org/10.11588/diglit.27741#0069
lucky juncture in the trade that Mr.
Premchund came to be associated with
the firm of Messrs. Ritchie Stuart and
Co. That house appointed him their
broker. That is to say, according to the
mercantile usage of those days, Mr. Prem-
chund became a broker to guarantee the
firm against any losses which it may
incur in its advances on cotton and other
shipments to a variety of dealers. By
his experience Mr. Premchund had at his
fingers' ends, the financial position of
almost all the large wealthy traders in
cotton and opium. He was therefore in a
position to advise Messrs. Ritchie Stuart
and Co. as to the parties to whom ad-
vances were to be made and the limit of
those advances. Thus Mr. Premchund
was being slowly borne on the crest of
the wave of fortune which the more he
ventured the more it befriended him.
So much so that by 1863 he had become
quite an indispensable personage in the
commerce and finances of the city.
41
Premchund came to be associated with
the firm of Messrs. Ritchie Stuart and
Co. That house appointed him their
broker. That is to say, according to the
mercantile usage of those days, Mr. Prem-
chund became a broker to guarantee the
firm against any losses which it may
incur in its advances on cotton and other
shipments to a variety of dealers. By
his experience Mr. Premchund had at his
fingers' ends, the financial position of
almost all the large wealthy traders in
cotton and opium. He was therefore in a
position to advise Messrs. Ritchie Stuart
and Co. as to the parties to whom ad-
vances were to be made and the limit of
those advances. Thus Mr. Premchund
was being slowly borne on the crest of
the wave of fortune which the more he
ventured the more it befriended him.
So much so that by 1863 he had become
quite an indispensable personage in the
commerce and finances of the city.
41