by Mr. Blair without consulting the
Directors, to single individuals, to the
ephemeral companies of the day on no
other security than the promissory notes
of the parties borrowing."
It was under the conditions briefly
related above that, of course, Mr. Prem-
chund became omnipotent. Mr. Blair
implicitly relied on him and Mr. Prem-
chund knew full well that no loans or
advances he recommended could be re-
fused by Mr. Blair. The following
striking testimony to the subtlety of
Mr. Premchund and the corresponding
imbecility of Mr. Blair, recorded by the
Commission, will further inform the reader
how the domination of Premchund came
to be so unbounded. " Intelligent and
subtle, Premchund was not slow to
fathom the imbecility and weak moral
character of Mr. Blair and soon acquired
great influence over him and his subordi-
nates, with complete command of the funds
Directors, to single individuals, to the
ephemeral companies of the day on no
other security than the promissory notes
of the parties borrowing."
It was under the conditions briefly
related above that, of course, Mr. Prem-
chund became omnipotent. Mr. Blair
implicitly relied on him and Mr. Prem-
chund knew full well that no loans or
advances he recommended could be re-
fused by Mr. Blair. The following
striking testimony to the subtlety of
Mr. Premchund and the corresponding
imbecility of Mr. Blair, recorded by the
Commission, will further inform the reader
how the domination of Premchund came
to be so unbounded. " Intelligent and
subtle, Premchund was not slow to
fathom the imbecility and weak moral
character of Mr. Blair and soon acquired
great influence over him and his subordi-
nates, with complete command of the funds