DOI Seite / Zitierlink:
https://doi.org/10.11588/diglit.27741#0094
words, these ephemeral concerns, mostly,
during their brief heyday of prosperity,
could fetch on an average 127 percent,
more by way of premia than their paid up
capital ! What was the gigantic total ?
Fully 67*48 crore rupees. Practically
the whole of the surplus account of the 4
years of the profits of the cotton trade,
amounting to 51 *78 crores, as stated at the
commencement of this chapter, had been
absorbed, and over and above that a
capital wealth of 15*70 crores ! That last
amount may be said to be the private
wealth previously in circulation or in
fixed property which was utilised for
purposes of speculation. So that the
ultimate result was a loss of 15*70 crores
to the community at large to which
extent it was poorer than what it was in
1860-61.
This, in brief, was the wild fire of
speculation of which the master pyro-
technist was Mr. Premchund Roychund.
66
during their brief heyday of prosperity,
could fetch on an average 127 percent,
more by way of premia than their paid up
capital ! What was the gigantic total ?
Fully 67*48 crore rupees. Practically
the whole of the surplus account of the 4
years of the profits of the cotton trade,
amounting to 51 *78 crores, as stated at the
commencement of this chapter, had been
absorbed, and over and above that a
capital wealth of 15*70 crores ! That last
amount may be said to be the private
wealth previously in circulation or in
fixed property which was utilised for
purposes of speculation. So that the
ultimate result was a loss of 15*70 crores
to the community at large to which
extent it was poorer than what it was in
1860-61.
This, in brief, was the wild fire of
speculation of which the master pyro-
technist was Mr. Premchund Roychund.
66