DOI Page / Citation link:
https://doi.org/10.11588/diglit.27741#0147
kindled the venturesome spirit of trading
and speculating in cotton. That enabled
him to lay the solid foundation of a
moderate fortune. On that foundation
he rapidly built the edifice, the magnitude
of which struck all his compeers as some-
thing wonderful. Next came to his
support the Asiatic Bank, a veritable
772<?<r/%z7?a: for his operations till
such time that he was enabled to
be stronger still by his uncontrolled
ascendancy with the Bank of Bombay.
The former Bank undoubtedly fanned
the dame of Mr. Premchund's specula-
tion in shares. And with the establish-
ment of the mushroom banking and
financial institutions, that dame steadily
burst out into a huge condagration which
for some time seemed to be absolutely
unextinguishable. Each of these was only
too proud to dnd in him a generous
patron. Each vied with the other to
place at his disposal such capital as he
asked for; for they all wanted to see
119
and speculating in cotton. That enabled
him to lay the solid foundation of a
moderate fortune. On that foundation
he rapidly built the edifice, the magnitude
of which struck all his compeers as some-
thing wonderful. Next came to his
support the Asiatic Bank, a veritable
772<?<r/%z7?a: for his operations till
such time that he was enabled to
be stronger still by his uncontrolled
ascendancy with the Bank of Bombay.
The former Bank undoubtedly fanned
the dame of Mr. Premchund's specula-
tion in shares. And with the establish-
ment of the mushroom banking and
financial institutions, that dame steadily
burst out into a huge condagration which
for some time seemed to be absolutely
unextinguishable. Each of these was only
too proud to dnd in him a generous
patron. Each vied with the other to
place at his disposal such capital as he
asked for; for they all wanted to see
119