India Through the Ages: A Popular and Picturesque History of HindustanSteel, Flora Annie Webster
History
India Through the Ages: A Popular and Picturesque History of Hindustan
Steel, Flora Annie Webster
India -- History
The insecure state of the country, also, which followed on
Aurungzebe's death led to greater caution on the part of the Company.
Hitherto, its clerks and merchants and agents had themselves carried
their English goods to the various markets in the interior of the
country; but now orders were issued directing everything to be sold by
auction at the port of import, thus minimising the risk of loss.
A simple order which, nevertheless, must have had far-reaching
results, since it introduced the middleman between the English
merchants and the people of India; an unscrupulous middleman also.
Then the method employed, and necessarily employed, in the collection
of the calicoes and other woven cotton-stuffs which at this time
formed the staple of Indian trade was one which made fair dealing
almost impossible. For there were no large merchants with whom the
Company could deal. It had therefore to elaborate an agency of its
own, by which it could come in contact with the weaver, who--ever one
of the most poverty-stricken of Indian artisans--required raw material
and sustenance given him before he could keep his rude loom going.
A fateful affair this! One European functionary issuing orders to a
native secretary, he employing a native agent, who in his turn calls
together the local brokers, who send out to village and towns by their
paid messengers and advance cotton and money to the actual workmen.
Here indeed were sufficient loopholes for fraud. Each one of these men
had, in addition to his poor pay, to find secret gratification for
himself and for those who were supposed to keep an eye upon him. The
wretched weaver, of course, coming off worst in the scramble, being
made, first, to work as he had never worked before, and secondly, as a
set-off to the sustenance given, to take a price often 40 per cent.
less than the work would have fetched in open market.
But the rate of pay which at this time the Company offered to its
servants tells in unmistakable brevity the whole tale of its
administration.
The salary of a president was but £300 a year, that of a factor but
£20. Even when Bengal was practically ceded to it, and all power,
judicial and executive, vested in its servants, the pay of a man who
had almost unlimited power, and who had doomed himself to a life of
exile, was but £130. Yet the actual profit of the East India Company
at this time was nothing prodigious; it barely touched 8 per cent. on
the capital employed. Still, the monopoly must have been valuable, for
the efforts made to retain it would fill volumes; and one Act of
Parliament followed another, prohibiting foreign adventure to India
under penalty of forfeiture of triple the sum embarked, and declaring
all British subjects found in India who were not in the Company's
service liable to seizure and punishment, and generally crying "hands
off" to all and sundry.
Public-domain text, read in full here on John Shaqi.
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