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Palmer And Company
The Palmer and Company, Limited, often simply called Palmer and Co. was an Agency House in British India founded by John Horsley Palmer. Palmer and Co. was the largest Agency House in British India. History Background Before the advent of joint-stock banking companies in India, the role of banks was played by agency houses. The agency houses performed various quasi-banking functions which included but were not limited to: * Accepting deposits (agency houses accepted deposits only from British nationals and other Europeans) * Financing trade * Lending of money (primarily to the Government) Business The Palmer and Co. was founded with the name Paxton, Cockerell and Trail. Their name was later changed to Palmer and Co. In 1829, Palmer and Co. financed and exported more than 16% of all the Indigo produced in British India. As a result, Palmer and Co. came to be known as the ''Indigo King of Bengal''. Failure The Palmer and Co. agency house failed in the year 1830 d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British India
The provinces of India, earlier presidencies of British India and still earlier, presidency towns, were the administrative divisions of British governance on the Indian subcontinent. Collectively, they have been called British India. In one form or another, they existed between 1612 and 1947, conventionally divided into three historical periods: *Between 1612 and 1757 the East India Company set up Factory (trading post), factories (trading posts) in several locations, mostly in coastal India, with the consent of the Mughal emperors, Maratha Empire or local rulers. Its rivals were the merchant trading companies of Portugal, Denmark, the Netherlands, and France. By the mid-18th century, three ''presidency towns'': Madras, Bombay and Calcutta, had grown in size. *During the period of Company rule in India (1757–1858), the company gradually acquired sovereignty over large parts of India, now called "presidencies". However, it also increasingly came under British government over ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governor-General Of India
The Governor-General of India (1773–1950, from 1858 to 1947 the Viceroy and Governor-General of India, commonly shortened to Viceroy of India) was the representative of the monarch of the United Kingdom and after Indian independence in 1947, the representative of the British monarch. The office was created in 1773, with the title of Governor-General of the Presidency of Fort William. The officer had direct control only over Fort William but supervised other East India Company officials in India. Complete authority over all of British territory in the Indian subcontinent was granted in 1833, and the official came to be known as the "Governor-General of India". In 1858, because of the Indian Rebellion the previous year, the territories and assets of the East India Company came under the direct control of the British Crown; as a consequence, the Company rule in India was succeeded by the British Raj. The governor-general (now also the Viceroy) headed the central governmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of India
India was the one of the largest economies in the world, for about two and a half millennia starting around the end of 1st millennium BC and ending around the beginning of British rule in India. Around 500 BC, the Mahajanapadas minted punch-marked silver coins. The period was marked by intensive trade activity and urban development. By 300 BC, the Maurya Empire had united most of the Indian subcontinent including Tamilakam, which was ruled by Three Crowned Kings. The resulting political unity and military security allowed for a common economic system and enhanced trade and commerce, with increased agricultural productivity. The Maurya Empire was followed by classical and early medieval kingdoms, including the Cholas, Pandyas, Cheras, Guptas, Western Gangas, Harsha, Palas, Rashtrakutas and Hoysalas. The Indian subcontinent had the largest economy of any region in the world for most of the interval between the 1st and 18th centuries. Maddison, Angus (2003): Development Centr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of India Under Company Rule
The Economy of India under Company rule describes the economy of those regions that fell under Company rule in India during the years 1757 to 1858. The British East India Company began ruling parts of the Indian subcontinent beginning with the Battle of Plassey, which led to the conquest of Bengal Subah and the founding of the Bengal Presidency, before the Company expanded across most of the subcontinent up until the Indian Rebellion of 1857. Economic impact A number of historians point to the colonization of India as a major factor in both India's deindustrialization and Britain's Industrial Revolution. The capital amassed from Bengal following its 1757 conquest helped to invest in British industries such as textile manufacture during the Industrial Revolution as well as increase British wealth, while contributing to deindustrialization in Bengal. British colonization forced open the large Indian market to British goods, which could be sold in India without any tariffs or duti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In India
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. The largest and the oldest bank which is still in existence is the State Bank of India (SBI). It originated and started working as the Bank of Calcutta in mid-June 1806. In 1809, it was renamed as the Bank of Bengal. This was one of the three banks founded by a presidency government, the other two were the Bank of Bombay in 1840 and the Bank of Madras in 1843. The three banks were merged in 1921 to form the Imperial Bank of India, which upon India's independence, became the State Bank of India in 1955. For many years, the presidency banks had acted as quasi-central banks, as did their successors, until the Reserve Bank of India was established in 1935, under the Reserve Bank of India Act, 1934. In 1960, the State Banks of India was g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Metcalfe, 1st Baron Metcalfe
Charles Theophilus Metcalfe, 1st Baron Metcalfe, (30 January 1785 – 5 September 1846), known as Sir Charles Metcalfe, Bt between 1822 and 1845, was a British colonial administrator. He held appointments including acting Governor-General of India, Governor of Jamaica and Governor General of the Province of Canada. Early life and background Metcalfe was born on 30 January 1785 in Lecture House, Calcutta then part of the Bengal Presidency. He was the second son of Thomas Metcalfe and Susannah Selina Sophia Debonnaire. His father first went to India in 1767 as a cadet in the British Army, and at the time of Metcalfe's birth was serving as a major in the Bengal Army. He later became a Member of Parliament, director of the British East India Company and was created a baronet on 21 December 1802. Thomas Metcalfe married Susannah in Calcutta in 1782. She was the daughter of merchant John Debonnaire, a trader at Fort St. George, Madras, who subsequently settled at the Cape of Goo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mir Akbar Ali Khan Sikander Jah, Asaf Jah III
Nawab Mir Akbar Ali Khan Siddiqi Bahadur, Sikander Jah, Asaf Jah III (11 November 1768 – 21 May 1829), was the 3rd Nizam/Ruler of Hyderabad, India from 1803 to 1829. He was born in Chowmahalla Palace in the Khilwath, the second son of Asaf Jah II and Tahniat un-nisa Begum. Marriage He was married (first) with Jahan Parwar Begum Sahiba (Haji Begum) daughter of Nawab Saif Ul Mulk (Maali Mian) son of Moin un Daula Nawab Gulam Said Khan Bahadir Surab Jang in May 1800. Second with Fazilath Unisa Begum (Chandni Begum). Official name His original names were Sikandar Jah, Asaf ul-Mulk, Asad ud-Daula, Walashan Nawab Mir Akbar 'Ali Khan Siddiqi Bahadur, Asad Jang. He was officially known as ''Asaf Jah III, Nizam ul-Mulk, Nizam ud-Daula, Mir Akbar 'Ali Khan Siddiqi Bahadur, Faulad Jang, Nizam of Hyderabad''. Military expansion During his reign, a British cantonment was established near Hyderabad and the area was christened after him as Secunderabad. His son Samsamadaula (Mir Basheeru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nizam Of Hyderabad
The Nizams were the rulers of Hyderabad from the 18th through the 20th century. Nizam of Hyderabad (Niẓām ul-Mulk, also known as Asaf Jah) was the title of the monarch of the Hyderabad State ( divided between the state of Telangana, Marathwada, Marathwada region of Maharashtra and Kalyana-Karnataka region of Karnataka). ''Nizam'', shortened from ''Nizam-ul-Mulk'', meaning ''Administrator of the Realm'', was the title inherited by Asaf Jah I. He was the former ''Naib'' (suzerain) of the Great Mughal in the Deccan, the premier courtier of Mughal India until 1724, the founding of an independent monarchy as the "Nizam (title) of Hyderabad". The Asaf Jahi dynasty was founded by Qamar-ud-din Khan, Asaf Jah I, Mir Qamar-ud-Din Siddiqi (Asaf Jah I), who served as a ''Naib'' of the Deccan sultanates under the Moghul Empire from 1713 to 1721. He intermittently ruled the region after Emperor Aurangzeb's death in 1707. In 1724 Mughal control weakened, and Asaf Jah became virtually ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francis Rawdon-Hastings, 1st Marquess Of Hastings
Francis Edward Rawdon-Hastings, 1st Marquess of Hastings, (9 December 175428 November 1826), styled The Honourable Francis Rawdon from birth until 1762, Lord Rawdon between 1762 and 1783, The Lord Rawdon from 1783 to 1793 and The Earl of Moira between 1793 and 1816, was an Anglo-Irish politician and military officer who served as Governor-General of India from 1813 to 1823. He had also served with British forces for years during the American Revolutionary War and in 1794 during the War of the First Coalition. He took the additional surname "Hastings" in 1790 in compliance with the will of his maternal uncle, Francis Hastings, 10th Earl of Huntingdon.Beevor, p. 58. Background, education and early military career Hastings was born at Moira, County Down, the son of John Rawdon, 1st Earl of Moira and Elizabeth Hastings, 13th Baroness Hastings, who was a daughter of the 9th Earl of Huntingdon. He was baptised at St. Audoen's Church, Dublin, on 2 January 1755. He grew up in Moira an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Horsley Palmer
John Horsley Palmer (7 July 1779 – 7 February 1858) was an English banker and Governor of the Bank of England. Life Palmer was the fourth son and seventh child of William Palmer of Wanlip, Leicestershire (1748?–1821) and later of Nazeing Park, Essex, a London merchant, and his wife Mary Horsley (born 1747), daughter of John Horsley the rector of Thorley, Hertfordshire, and sister of Samuel Horsley. George Palmer (MP for South Essex) was his elder brother, and William Jocelyn Palmer Sir Ralph Palmer were also brothers. He was educated at Charterhouse School where in 1794 he took part in the first school cricket match against Westminster School. Palmer became a Director of the Bank of England in 1811, remaining until 1857. He served as Deputy Governor of the bank from 1828 to 1830, and Governor from 1830 to 1833. In June 2020 the Bank of England issued a public apology for the involvement of Palmer, amongst other employees, in the slave trade following the investigation by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Russell (1786–1856)
Charles Russell (22 July 1786 – 15 May 1856) was a British Conservative and Tory politician. Family Russell was the second surviving son of Sir Henry Russell, 1st Baronet and his second wife, Anna Barbara née Whitworth. He never married. Military career Described by memoirist William Hickey as a "fine dashing youth", Russell entered as a cadet in the British Indian Army in 1800, becoming an ensign in the 17th Infantry (The Loyal Regiment) in 1801, and a lieutenant in the 21st Bengal Native Infantry 1803. In July 1810, he was appointed to the command of the escort at Hyderabad, and also took temporary responsibility for the residency's business until his brother, Sir Henry Russell, 2nd Baronet arrived from his post at Poona. Becoming a captain in 1818, Russell then took furlough in 1817, returning to the United Kingdom via Saint Helena, where he witnessed Napoleon—who had then been exiled to the island—walking in front of his house in Longwood. Russell declined to m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indigo Dye
Indigo dye is an organic compound with a distinctive blue color. Historically, indigo was a natural dye extracted from the leaves of some plants of the ''Indigofera'' genus, in particular ''Indigofera tinctoria''; dye-bearing ''Indigofera'' plants were commonly grown and used throughout the world, in Asia in particular, as an important crop, with the production of indigo dyestuff economically important due to the previous rarity of some blue dyestuffs historically. Most indigo dye produced today is synthetic, constituting several thousand tons each year. It is most commonly associated with the production of denim cloth and blue jeans, where its properties allow for effects such as stone washing and acid washing to be applied quickly. Uses The primary use for indigo is as a dye for cotton yarn, mainly used in the production of denim cloth suitable for blue jeans; on average, a pair of blue jeans requires just to of dye. Smaller quantities are used in the dyeing of wool and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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