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these things. People saw them. Persons again who 

 came to India, beheld mighty Kings and Princes, 

 clothed in rich garments glittering with precious 

 stones, living in all the pomp and splendour of 

 Oriental state. All this indicated immense riches. 

 Yet the people were very poor. They had no 

 Capital. The country was in short, at once, the 

 richest, and the poorest on the face of the Earth. 

 How shall we explain the paradox how reconcile 

 the existence of immense wealth, with the absence 

 rf any Capital? Nothing is easier. All Capital is 

 :he result of saving. In India, one class excepted, 

 from the highest to the lowest, no one saves. All 

 spend often more than they can call their own. 

 The King who bestows largesses with an open 

 hand and dies in debt, is lauded in prose and 

 perse as a noble and generous monarch. The 

 King who departs this life leaving a full Trea- 

 sury, is satirized as a mean spirited miser. 

 A.nd the voice of the Nation concurs in the 

 verdicts of these poets laureate. The one class 

 illuded to are the Mahajan and Bunneea, or 

 Danker and money lender, class, whose business 

 it is to supply the wants of others to live and 

 ^row fat on the necessities of the remainder of 

 ;he community. For the rest, in India, every one 

 spends what he produces, or what is produced for 

 him : and as such a state of things is inconsistent 

 dsteuce of Capital, that there is much 



