Postby dognose » Sat Jan 10, 2009 3:31 pm
Hi,
An interesting insight, and perhaps an answer to the decline in the trade at Calcutta as from the mid-nineteenth century.
"The European jewellers' shops in Calcutta are large and handsome; they do not make any shew on the outside, but the interiors are splendid ; the pavement of one or two is of marble, and the glass-cases on the various counters display a tempting variety of glittering treasures–diamonds of the first water, pearls of price, with every precious stone than can be named, in rich profusion. The setting of these gems is exceedingly beautiful, and according to the most fashionable patterns of London or Paris, neither of those places boasting a more superb assortment; but the prices are so ruinous, that it is wonderful where sufficient custom can be obtained to support establishments of the kind, of which there are at least four, in addition to the vast number of native artisans, who are not only exclusively employed by their own countrymen, but do a great deal of work for Europeans. Nothing could be more unconscionable than the profits which English jewellers sought and obtained for their goods in those days in which wealth flowed into Calcutta from many sources now cut off. Hitherto the European shopkeepers of Calcutta have transacted business in the most arbitrary manner, according to their own devices, without any reference to the regulations of trade at home.* They have had no competition to dread excepting with the natives, whose retail business, though extensive, has been carried on in a silent, unostentatious manner.
Formerly, an idea was entertained that European goods could only be obtained in perfection from European dealers ; but this notion is now exploded, and it will be seen, in the course of these remarks, that the shopkeepers of both countries obtain their supplies from the self-same sources. It is the policy of Europeans to cast a stigma on their native competitors; for, living at an expensive rate, they are obliged to charge enormously for their commodities ; while the humbler-minded native, whose whole establishment is maintained at a very small cost, is enabled to sell at a fair profit. In their anxiety to secure the genuine productions of Hoffman, or some other noted London house, families have sent to the accredited agents of these traders in Calcutta, paying of course the highest price, and have afterwards discovered that the vender, being out of the article, has kept the messenger waiting, while he despatched one of his own people to the bazaar, where it was to be had for about a fifth part of the money put down to their account.
Fortunes, however, are not accumulated in the rapid manner which might be surmised from the immense profits thus obtained ; the goose is too often killed for the sake of its golden eggs, and customers are driven away in disgust by some piece of rapacity practised upon them. The princely style of living, also, affected by Calcutta shopkeepers, forms another drawback ; they spend nearly as much as they gain, there being little or no difference between the establishment of a first-rate tradesman and that of a civil servant. The modest few, who are content to occupy their houses of business, and who do not display close carriages and services of plate until they have realized suflicient capital for the indulgence of such luxuries, must inevitably acquire considerable wealth ; at least the opportunity has been offered under the old regime. But the stern necessity for retrenchment felt by so large a portion of the community, and the paralyzation of trade consequent on the late failures, together with the host of adventurers, which the alteration of the East-India Company's charter will in all probability send out, cannot fail to effect a striking change in the mercantile classes of Calcutta."
*The jewellers, especially, set no bounds to the exorbitance of their demands. The counterpart of a gold smelling-bottle let with precious stones, which was sold in London for fifteen pounds, had the modest price of seventy aftized to it in Calcutta. A common chain of hair, with a locket attached to it, of the plainest description, was charged seven pounds ten ; not being executed according to order, it was sent back for alteration, and sixteen shillings added to the original bill, for the reparation of the blunders made by the workmen. A perfumer charged six shillings for an old bottle sent with a sample which was disapproved ; and whole pages might be filled with similar instances of the utter disdain of the recognized principles of trade exhibited by the shopkeepers of Calcutta.
Source:
Scenes and Characteristics of Hindostan: With Sketches of Anglo-Indian Society
By Emma Roberts
Published by W. H. Allen, 1837
Trev.
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