Annals and Antiquities of Rajasthan, or the Central and Western Rajput States of India v1.c20.s9.t1.26

v1.c20.s9.t1.26

Attraction of Capital. — To these important preliminary measures, the assembly of the nobles and recall of the population, was added a third, without which the former would have been nugatory. There was no wealth, no capital, to aid their patriotism and industry. Foreign merchants and bankers had abandoned the devoted land ; and those who belonged to it partook of her poverty and her shame. Money was scarce, and want of faith and credit had increased the usury on loans to a ruinous extent. The Rana borrowed at thirty-six per cent ; besides twenty-five to forty per cent discount for his barats, or patents empowering collection on the land ; a system pursued for some time even after his restoration to authority. His profusion exceeded even the rapidity of renovation ; and the husbandman had scarcely broken up his long-waste fields, when a call was made by the harpies of the State for an advance on their produce, while he himself had been compelled to borrow at a like ruinous rate for seed and the means of support, to be paid by expectations. To have hoped for the revival of prosperity amidst such destitution, moral and pecuniary, would have been visionary. It was as necessary to improve the one as to find the other; for poverty and virtue do not long associate, and certainly not in Mewar. Proclamations were therefore prepared by the Rana, inviting foreign merchants and bankers to establish connexions in the chief towns throughout the country; but as in the days of demoralization little faith was placed in the words of princes, similar ones were prepared by the Agent, guaranteeing the stipulations, and both were distributed to every commercial city in India. The result was as had been foreseen: branch banks were everywhere formed, and mercantile agents fixed in every town in the country, whose operations were only limited by the slow growth of moral improvement. The shackles which bound external commerce were at once removed, and the multifarious posts for the collections of transit duties abolished; in lieu of which chain of stations, all levies on goods in transit were confined to the frontiers. The scale of duties [484] was revised; and by the abolition of intermediate posts, they underwent a reduction of from thirty to fifty per cent. By this system, which could not for some time be comprehended, the transit and custom duties of Mewar made the most certain part of the revenue, and in a few years exceeded in amount what had ever been known.