FREE BOOKS

Author's List




PREV.   NEXT  
|<   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70  
71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   >>   >|  
seed to replant their farms and food enough to last them until a crop is ripe. The fact that a famine exists in one part of the country, it must also be considered, is no evidence that the remainder of the empire is not abounding in prosperity, and every table of statistics dealing with the material conditions of the country shows that famine and plague have in no manner impeded their progress. On the other hand they demonstrate the existence of an increased power of endurance and rapid recuperation, which, compared with the past, affords ground for hope and confidence of an even more rapid advance in the future. Comparing the material condition of India in 1904 with what it was ten years previous, we find that the area of soil under cultivation has increased 229,000,000 acres. What we call internal revenue has increased 17 per cent during the last ten years; sea borne foreign commerce has risen in value from L130,500,000 to L163,750,000; the coasting trade from L48,500,000 to L63,000,000, and the foreign trade by land from L5,500,000 to L9,000,000. Similar signs of progress and prosperity are to be found in the development of organized manufactures, in the increased investment of capital in commerce and industry, in dividends paid by various enterprises, in the extended use of the railways, the postoffice and the telegraph. The number of operatives in cotton mills has increased during the last ten years from 118,000 to 174,000, in jute mills from 65,000 to 114,000, in coal and other mines from 35,000 to 95,000, and in miscellaneous industries from 184,000 to 500,000. The railway employes have increased in number from 284,000 to 357,000 in ten years. A corresponding development and improvement is found in all lines of investment. During the ten years from 1894 to 1904 the number of joint stock companies having more than $100,000 capital has increased from 950 to 1,366, and their paid up capital from L17,750,000 to L24,500,000. The paid in capital of banks has advanced from L9,000,000 to L14,750,000; deposits have increased from L7,500,000 to L23,650,000, and the deposits in postal savings banks from L4,800,000 to L7,200,000, which is an encouraging indication of the growth of habits of thrift. The passenger traffic on the railways has increased from 123,000,000 to 195,000,000, and the freight from 20,000,000 to 34,000,000 tons. The number of letters and parcels passing through the postoffice has increased during
PREV.   NEXT  
|<   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70  
71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   >>   >|  



Top keywords:

increased

 
capital
 

number

 
progress
 

deposits

 

railways

 
investment
 

postoffice

 

development

 

foreign


commerce

 
country
 

material

 

prosperity

 

famine

 

thrift

 

cotton

 
parcels
 

operatives

 

passing


manufactures

 

habits

 

letters

 

telegraph

 

enterprises

 
freight
 
industry
 

extended

 
traffic
 

passenger


dividends
 

industries

 

organized

 

advanced

 
postal
 

savings

 

companies

 

encouraging

 
employes
 

railway


growth

 
indication
 

During

 

improvement

 

miscellaneous

 
plague
 

manner

 
impeded
 

conditions

 

dealing