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
And even when Nâdir-Shâh had retreated without further progress
southward, Bâji-Rao, free-booter, as all the Mahrattas were at heart,
must have felt himself frustrated. What use was there in reaching a
city desolate utterly, still infected by the stench of unburied
bodies; a city whose treasury doors stood wide open, empty, deserted;
a city, briefly, which an Afghân had pillaged? So he and his Sâho
retired southwards.
As for the effects which Nâdir's sudden swoop on the interior of the
plum-cake had on the nibbling mice upon its circumference, there is
little to be said. It must have been a surprise to the civilised
communities which were so rapidly coming into existence at such
centres as Calcutta, Madras, Bombay; centres in which life went
elegantly, and people began to talk of the latest news by mail from
England. Still, the mere brute-force of the invasion cannot have
shocked them much, for Europe itself was a prey at this time to wars
and rumours of wars. The 1715 rebellion was over in England; the 1745
had not yet begun. In France affairs were working up towards the
Revolution. Spain and Germany were alike, either at the beginning or
the end of disastrous struggles.
Yet the mere fact which must have filtered through to the
seacoast--_that thirty millions worth of solid plunder had just been
filched away from the treasury of India by foreigners_--cannot have
been pleasing news. The East India Company, however, seems to have
made no great efforts at aggrandisement during the years between the
special granting to it of lands by Farokhshir and 1746, when it
formally entered into grips with the French East Indian Company, which
about this time began that dispute for supremacy in India which
virtually ended with the taking of Trichinoply in 1761.
In truth we have very little information indeed regarding the doings
of John Company during this period. All we know is that British
imports into India fell from £617,000 in 1724 to £157,000 in 1741,
which, taken with a corresponding decrease in dividends, would seem to
show some depression, some check to trade.
One thing is certain. The Constitution of the Company was not
satisfactory. An attempt had been made to avoid a monopoly of large
shareholders by ruling that, no matter what the share held might be,
it should only, whether £500 or £50,000, carry one vote for the
election of the Court of Directors. But this ruling could be, and was,
easily evaded. All that had to be done was to split the £50,000 into a
hundred £500 shares, registered in the names of confidential agents,
who--in consideration of an honorarium, no doubt--voted according to
direction. It was not very straightforward, of course; on the other
hand, the original ruling was silly in the extreme, since it prevented
those who had a real interest in the Company from exercising their due
share of influence.
Public-domain text, read in full here on John Shaqi.
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