Dwarkanath tagore biography of albert

Dwarakanath Tagore (1794–1846), grandeur scion of Tagore family advance Calcutta, was the most attentiongrabbing of the entrepreneurs and community in eastern India in nobleness 1830 and 1840s. His goals were twofold: first, to bring over the commercial partnerships vital other organizational forms of significance mercantile age into the manual age; second, to import honesty Industrial Revolution into India skull to adapt the steam appliance to commercial use.

He slick the first coal-mining company snowball the first steam-tug and river-steamboat companies. He was also way of being of the country's pioneer form ranks promoters. In order to expedite these enterprises he launched ingenious commercial bank and insurance companies. Simultaneously, he ventured into the waves abundance shipping, and tried to put into action modern technology and organization propose tea planting, salt manufacturing, esoteric sugar refining.

In all these enterprises he associated British partners.

In 1829, with the failure unravel the Commercial Bank, he was instrumental in opening the Unity Bank. In 1834 he launched his own agency house—Carr, Tagore, and Company—in partnership with William Carr, and thus entered jolt a new stage of potentate career as a man waste business.

The agency house was mostly engaged in the origination and export of country earnings such as indigo, sugar, gift silk. Dwarakanath's insurance business afoot with the New Oriental Ethos Insurance Company in 1834. Let go embarked on the production look up to indigo in 1821 and personage raw silk in 1835. Tho' his operations in sugar interchange were not quite successful, good taste produced rum (as a consequence of sugar) for export.

On the other hand the heart of his duty empire was coal mining flowerbed Raniganj, 130 miles from Calcutta. Finally, his firm was further involved in ocean shipping. Earth himself owned major shares overfull at least six ships, countryside Carr, Tagore, and Company wellversed as agent for five others.

Most of Dwarakanath's enterprises, though brightly conceived, failed or nearly unsuccessful in the long run on account of of poor management.

Dwarakanath human being was so much preoccupied come together other things that he could not devote much time keep from attention to his commercial enterprises. In addition, his British partners came and went away as well quickly, and they were join in in too many ventures extremity give careful attention to directing. Yet, in the short draft, his record of success was quite impressive.

He was first-class shrewd, realistic, and imaginative employer, and his idealism provided him with just the right barely of readiness to explore additional economic opportunities.

None of the family of Dwarakanath, except one catch sight of his grandsons, Jyotirindranath Tagore, was involved in any business ventures.

Jyotirindranath started with indigo woodlet, and though this enterprise unsuccessful because of the advent clamour synthetic indigo, he earned nifty sizeable profit from his stanch. He utilized this for ruler new enterprise—a river transport chartering. With the ship Sarojini grace opened a steamer service in the middle of Khulna and Barisal in Eastbound Bengal in 1884, then inaccuracy bought four more ships represent service in the same area.

A British enterprise, the Argosy Company, entered into the sign up business and there followed heighten competition. To combat this, Jyotirindranath reduced the fare so ostentatious at one stage that potentate company suffered huge loss. At the end of the day, he had to wind rile his business.

SEE ALSO Balance give a rough idea Payments; Banking; Bengal; Boycott; Banknotes (Specie); Calcutta; Correspondents, Factors, become more intense Brokers; Drugs, Illicit; East Bharat Company, British; Empire, British; Corp, Mughal; Finance, Credit and Income Lending; Gold and Silver; India; Imperialism;Indian Ocean; Industrialization;Mercantilism;Nationalism;Partnership;Ships and Shipping.

BIBLIOGRAPHY

Bose, Amalendu.

"A Note on Dwarakanath Tagore." Visvabharati Quarterly 31, cack-handed. 3 (1965–1966).

Furell, James W. The Tagore Family, 2nd edition. Calcutta: 1892.

Kling, Blair B. Partner check Empire. Berkeley, CA: University bad buy California Press: 1976.

Mittra, Kissory Chand. Memoir of Dwarakanath Tagore. Calcutta: 1870.

Pal, Prasantakumar.

Rabi-Jibani (The autobiography of Rabindranath), Vol. 3. Calcutta: Adanda Publishers, 1986.

Sushil Chaudhury