Modern India eBook

This eBook from the Gutenberg Project consists of approximately 495 pages of information about Modern India.

Modern India eBook

This eBook from the Gutenberg Project consists of approximately 495 pages of information about Modern India.

The coal industry is becoming important.  There are 329 mines in operation, which yielded 7,424,480 tons during the calendar year of 1902, an increase of nearly 1,000,000 tons in the five years ending 1903.  It is a fair grade of bituminous coal and does well for steaming purposes.  Twenty-eight per cent of the total output was consumed by the local railway locomotives in 1902, and 431,552 tons was exported to Ceylon and other neighboring countries.  The first mine was opened in India as long ago as 1820, but it was the only one worked for twenty years, and the development of the industry has been very slow, simply keeping pace with the increase of railways, mills, factories and other consumers.  But the production is entirely sufficient to meet the local demand, and only 23,417 tons was imported in 1902, all of which came as ballast.  The industry gives employment to about 98,000 persons.  Most of the stock in the mining companies is owned by private citizens of India.  The prices in Calcutta and Bombay vary from $2.30 to $2.85 a ton.

India is rich in mineral deposits, but few of them have been developed, chiefly on account of the lack of capital and enterprise.  After coal, petroleum is the most important item, and in 1902 nearly 57,000,000 gallons was refined and sold in the India market, but this was not sufficient to meet half the demand, and about 81,000,000 gallons was imported from the United States and Russia.

Gold mining is carried on in a primitive way in several of the provinces, chiefly by the washing of river sand.  Valuable gold deposits are known to exist, but no one has had the enterprise or the capital to undertake their development, simply because costly machinery is required and would call for a heavy investment.  Most of the gold washing is done by natives with rude, home-made implements, and the total production reported for 1902 was 517,639 ounces, valued at $20 an ounce.  This, however, does not tell more than half the story.  It represents only the amount of gold shipped out of the country, while at least as much again, if not more, was consumed by local artisans in the manufacture of the jewelry which is so popular among the natives.  When a Hindu man or woman gets a little money ahead he or she invariably buys silver or gold ornaments with it, instead of placing it in a savings bank or making other investments.  Nearly all women and children that you see are loaded with silver ornaments, their legs and feet as well as their hands and arms, and necklaces of silver weighing a pound or more are common.  Girdles of beautifully wrought silver are sometimes worn next to the bare skin by ordinary coolies working on the roads or on the docks of the rivers, and in every town you visit you will find hundreds of shops devoted to the sale of silver and gold adornments of rude workmanship but put metal.  The upper classes invest their savings in gold and precious stones for similar reasons.  There is scarcely a family of the middle class without a jewel

Copyrights
Project Gutenberg
Modern India from Project Gutenberg. Public domain.