DOI Page / Citation link:
https://doi.org/10.11588/diglit.27741#0078
<of the Bank of Bombay besides, and the
Hon'bleMr. Michael Scott, of the eminent
firm of Messrs. Ritchie Stewart & Co.
Premchund was, of course, appointed
broker to the bank, and Mr. Anthony
Morrison, a sound and sagacious banker,
its manager. Its share capital of go lakh
rupees was divided into 25,000 shares of
Rs. 200 each. But such was its popu-
larity and brilliant initial success that
within a year the capital had to be
doubled, and it had obtained a charter for
its greater security and permanence.
Mr. Premchund was its high priest and
burned unlimited incense at its shrine,
inviting one and all of his colleagues in the
profession and the multitude of eager in-
vestors to do similar^^'<3 so that Z<3^mz
or Dame Fortune may reward them for
their ardent devotion. Mr. Premchund
had now soared high enough though
he had to still reach the empyrean al-
titude. It was not far off. But even at
the date of the institution of the Asiatic
50
Hon'bleMr. Michael Scott, of the eminent
firm of Messrs. Ritchie Stewart & Co.
Premchund was, of course, appointed
broker to the bank, and Mr. Anthony
Morrison, a sound and sagacious banker,
its manager. Its share capital of go lakh
rupees was divided into 25,000 shares of
Rs. 200 each. But such was its popu-
larity and brilliant initial success that
within a year the capital had to be
doubled, and it had obtained a charter for
its greater security and permanence.
Mr. Premchund was its high priest and
burned unlimited incense at its shrine,
inviting one and all of his colleagues in the
profession and the multitude of eager in-
vestors to do similar^^'<3 so that Z<3^mz
or Dame Fortune may reward them for
their ardent devotion. Mr. Premchund
had now soared high enough though
he had to still reach the empyrean al-
titude. It was not far off. But even at
the date of the institution of the Asiatic
50