There is, perhaps, nothing
which India wants more than the concentration of capital; and the
failure of a I [5] the great commercial houses in Calcutta, in the
year 1833, was, unquestionably, a great calamity. They none of them
brought a particle of capital into the country, nor does India want a
particle from any country; but they _concentrated_ it; and had they
employed the whole, as they certainly did a good deal of it, in
judiciously improving and extending the industry of the natives, they
might have been the source of incalculable good to India, its people,
and government.[6]
To this concentration of capital in great commercial and
manufacturing establishments, which forms the grand characteristic of
European in contradistinction to Asiatic societies in the present
day, must we look for those changes which we consider desirable in
the social and religions institutions of the people. Where land is
liable to eternal subdivision by the law and the religion of both the
Muhammadan and Hindoo population; where every great work that
improves its productive powers, and facilitates the distribution of
its produce among the people, in canals, roads, bridges, &c.
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