The Cultivation and Manufacture of TeaMoney, Edward
Science
The Cultivation and Manufacture of Tea
Money, Edward
Tea
Is it not also more than absurd, nay a very shame to those interested
in our industry, that while we have a better article than China Tea,
we allow, by our supineness and lack of enterprise, more than three
million pounds of an inferior article to be sold in the birth place
of the better? And why? simply because we _will_ not supply it in the
form the teeming crowd of natives willing, nay anxious, to buy can
avail themselves of it!
Since I advocated in your paper the formation of a company to sell
Tea to natives in small packets, and showed, I thought conclusively:
1--That the capital required was not large (say one and a-half
lakhs). 2--That the shareholders might expect very fair dividends.
3--That there was no assignable limit to the trade which might be
developed. 4--That if such a company was started and worked well, all
fear for the future of Indian Tea would be at an end. 5--That every
Tea owner, who became a shareholder, would advance his own interests
by many times more than the dividends he would receive--since then I
have obtained from England estimates of all the machinery required to
bulk and pack the Teas, advice from the best firms as to _the mode_
so successful in England, and I am more than ever convinced that the
company would be a money-making one, and that, in two words, we shall
sadly neglect our own interests if we do not accomplish it.
Again, since my former articles I have spoken to dozens of Tea
planters and Tea owners on the subject, and all of them think highly
of the scheme, while many only wait for the company to be launched
to take shares. I could name more than one influential native also
who is willing to join, and this is a good sign, for, in my opinion,
a moiety of the directors should be natives. I will myself become a
large shareholder, though I cannot offer my services on the board,
for it must be in Calcutta, and I do not reside there.
I am convinced, if the company is launched, the shares will be taken
up in a week.
But if no one in Calcutta is public-spirited enough to launch such
a company, why should not an association of a few individuals try
to carry out the scheme. I quite believe Tea proprietors would help
them, at starting, by supplying, on reasonable credit, the coarse
Teas suitable. Were this done, the thin edge of the wedge would
be driven in, and, if the association succeeded, they might later
transfer the business at a fair profit to a company.
I had written so far when I saw your remarks on the same subject in
your last issue. I cannot agree with you in thinking an association
would be _better_ than a company, but I say, failing the last let us
have the first--in fact, let us make a beginning.
I give here below, to save the trouble of reference, the last part of
my former article:--
Public-domain text, read in full here on John Shaqi.
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