DOI Page / Citation link:
https://doi.org/10.11588/diglit.27741#0070
Surpluses of realisations on cotton, of a
substantial character, in the shape of
silver and gold, were pouring into
Bombay from Liverpool. By 1863 even
the man in the street knew that there
was ample money to be made in cotton.
If large firms freely stimulated exports
of the raw material by means of liberal
advances through their respective
guaranteed brokers, firms of the second,
and even third, class followed suit. So
that persons with exceedingly microscopic
fortunes were not backward in venturing
their all by way of margin to take advances
and ship cotton. The wind blew merrily
in all directions, till at last Gujerat and
Kathiawar too were easily borne on its
wings. As Lancashire famished more
and more for cotton, with the progress
of hostilities in the Far West, the cotton
trade here began to expand in a pheno-
menal way. Any kind of cotton, be it
superior or inferior, high grade or low
grade, could be shipped in order to make
42
substantial character, in the shape of
silver and gold, were pouring into
Bombay from Liverpool. By 1863 even
the man in the street knew that there
was ample money to be made in cotton.
If large firms freely stimulated exports
of the raw material by means of liberal
advances through their respective
guaranteed brokers, firms of the second,
and even third, class followed suit. So
that persons with exceedingly microscopic
fortunes were not backward in venturing
their all by way of margin to take advances
and ship cotton. The wind blew merrily
in all directions, till at last Gujerat and
Kathiawar too were easily borne on its
wings. As Lancashire famished more
and more for cotton, with the progress
of hostilities in the Far West, the cotton
trade here began to expand in a pheno-
menal way. Any kind of cotton, be it
superior or inferior, high grade or low
grade, could be shipped in order to make
42