Wacha, Dinshaw Edulji; Tata, Jamsetji Nasarwanji [Gefeierte Pers.]: The life and life work of J. N. Tata (Madras, 1914)

Li/e o/ A*.

mistake cost a large amount of money but
courage and perseverance and a deep and
abiding faith in success eventually crowned
his efforts. And to-day the " Swadeshi " mill
shares are as much of gilt edged securities
and in great demand as those of the Empress
mills at Nagpur and stand in the front rank of
mill shares on the local stock exchange. Well
does he deserve, after the unprecedented
feat he achieved, the soubriquet of a sterling
" Captain of Industry." Having been closely
associated with this reconstruction of the
" Swadeshi " for the first seven long years the
present writer cannot with hold his admiration
of the indomitable courage, business capacity,
and tenacity of purpose Mr. Tata displayed in
bringing up the institution.
And here it may not be inopportune to
refer to a minor matter in connection with
the two mills. From 1875 forward one
reason of the large number of cotton mills
that had sprung up like mushrooms, nota-
bly after 1882, was the fat commission of
^ anna per pound on production which
every promoter and agent of a cotton mill
secured for himself by seal and parchment.
Mr. Tata, in connection with the Nagpur mills,

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