DOI Page / Citation link:
https://doi.org/10.11588/diglit.27741#0190
Crore Rs.
Brought forward...
67*48
Deduct the net imports of silver
and goid between <861-62 and
1864-65.
5i'78
Deduct estimated return of assets
'5*7°
from bankrupt and insolvent
estates, say,
2*00
Net Loss
13*70
Nearly 14 crores of the substantial
capital of Bombay which existed /-/v'or to
the date of the Civil War was thus swept
away. That amount may be reasonably
held as the final loss. The aftermath was
indeed appalling in the rack and ruin it
made of thousands of well-to-do families
and hundreds of the wealthy, including
many rich and old firms of first class
credit and reputation. These were tempt-
ed in the very last period of speculation,
when it had reached its meredian point,
to stake their all in the belief that the
capital investments would return double-
fold. Substantial landed and house
ib2
Brought forward...
67*48
Deduct the net imports of silver
and goid between <861-62 and
1864-65.
5i'78
Deduct estimated return of assets
'5*7°
from bankrupt and insolvent
estates, say,
2*00
Net Loss
13*70
Nearly 14 crores of the substantial
capital of Bombay which existed /-/v'or to
the date of the Civil War was thus swept
away. That amount may be reasonably
held as the final loss. The aftermath was
indeed appalling in the rack and ruin it
made of thousands of well-to-do families
and hundreds of the wealthy, including
many rich and old firms of first class
credit and reputation. These were tempt-
ed in the very last period of speculation,
when it had reached its meredian point,
to stake their all in the belief that the
capital investments would return double-
fold. Substantial landed and house
ib2