Page:The Cyclopedia of India (Specimen Issue).pdf/137

 NSNER 6: CU. Cotton Broken and Merchants. Messrs. Posncr & Co. have been in basintﬁ‘llt Cal- cutta for some thirty years haVing been established in the mid seventies byMr. Julius PIEIIEY. who still re- mains as the senior partner in the firm. For some years after their establishment they did a general mercantile business. but tor the past quarter of a century they have con~ fined their operations to produce limiting, attaining a leading }l)§llinn. particularly in the cotton line. in Calcutta. They do a large liusiness for the local Mills and for export. Messrs. Pmnet‘ are taking an amine part in improving the Indian cotton industry with the Long Staple Syn- dicate. and they are reprewntatives ol the leading Uri-country funis in dating gin-cotton on the market.

r. Posner has a very long ex- [tcrientc in cotton and has resided in India runny wars. Mr. Richard Schenk was made partner in the firm in 1807. He aim has much experience. having inn-n resident [or Venn in the country. and connect- ed with Calcutta mercantile houses.

The Rl’SSU-t'lllNESli HANK, Calcutta. loundeil in 1845 With a capital at nine million ruubles; a steady expansion at its ult‘ﬁlltoﬂs has mi [Wu m’t'ntitolls net-i-z-sitaml increases in capital. which now Mantis at titteen milliun roubles, and in addition to this the Chinese (invernment have subscribed livi- millions oi Kn dug tan-h as their share of cut-itn in the business. Taking the twu tugetlwr, the Bank liasn ‘capital aggregating in ster- ling aver twu million pounds. and on this in tun} they paid a diwdend til 8 per cent per unnum. besides during a large amount to the heserve Fund. and to Pension Fund; showing that their Banking business in the Far East has been carried on profitably. A apcctal reisen'e ittttd ul 1.180.000 was set aside hv the Directors in a pro. vision [in the ptmihlc tuturc effects at the war lll‘th‘cll Ruseitt and Japan which had necessitated the temporary closing at some at the Bank's branches in Japan and Mnnchurin.

The Head Office is in St. Peters. burgh and the uﬁairs oi the Bank are under the control"! a Board at nine Director‘s, with Prince H.

THE C“ ‘I.( ll‘l‘Ll "A I‘

ultltluttbk} a: Ptt‘sltlcttl and Messrs. A- \I‘ischnegradski and D. Pokotiloﬂ as Managing Directors. The Bank has re resentatn'es in London. Sew \‘orlt. Singatuire and Bombay. hranchﬁ established in Calcutta and Pam. and upwards (II titty others scattered throughout Chitin. the Far East. and in some “I tbechiel trade centres of Russia. Central Asia is also included within the scope of their operations! then: being branches of the Bank in Bolt- hara. 535th and other Khanates in that little known part of the World.

Mr. ALEXANDER MAIR. the Manager at the Bank's Calcutta Branch. belongs to Dumlriesshire. Scotland. and began his banking career some twenty yearsago. in the late Oriental Bank Corpnration's Edinburgh branch in 1884. Four wars later he came out to the East lin 1883) and has since been connected with varimu Banking Institution: in Bombav and Calcutta until he joined the Russo-Chinese Bank as their representative in Rumhay In 1903

\lr. RCS'I‘OMll-Lh llllliRJI-ZI-I BHOY .\I ANAL' K] It: I) R L'S'I’O \I llili i~ the present head of the leading l'arwc family of Calcutta which has fur over a century played

a prominent part in the hiﬂmy nl

Calcutta. )lr. Rum-mth Cornice. the tint oi the family to tettle in Calcutul. can: (turn Bombay in the

INltlA.

earl) part of the mth century and was a member til the ancient Bannin- family (if Bombay.

.\Ir. Rustotnjce Cnvrasjee in the development of his business became lmcywn as the Merchant Prince of Calcutta. Hi: did an extensive busi- rm between India and China, and mined a large ﬂeet of ships plying for trade in the China Seas; took it leading [Kiri in all public affairs of Calcutta. uf which city he was one of the justicu ol the Peace. In I839 a Church tau built in Calcutta by Mr. Rustomjee Cowasjee for the use of his countrymen. The failu re at the Union Bank in 184-) (before the days of limited liability) of which birth he and hi; sun. .\lr. Manaekjec Ruuonijee. were Directors proved Very dimtnms to both, and Mr. Rustomjee Cowasjcc. crushed by the liluw, died in i352. He was' succeeded by hi‘ son. Mr. )Ianackjee Rustomjee. the ﬁrst Indian gentleman to become Sheriff of Calcutta, in |87+ He WEE also Consul fur Persia for :0 years. In his time he Occupied many important public pmi trons. lle was highly ntecnurd DIS one of the leading citizem uf Calcutta and enjoyed the mnﬁdcn-‘e both nf Gm‘cm- merit and the pcnplc. .\lr. )latuclrjcc Rnytumjci- died in .89.. and mu stic- remled liy hiai eldest sun, Mr. Ila-rice hboy Mariachi".- Rnstomjee. who in i881 I-b nominated by Goremment as a (‘iimmk‘inner of the ("intimation nf Calcutta in place «at his father. In ")0: he Ins appointed Sheriff of Calcutta. an aplmintment which evoked the hearty and general approval (if all classes of the community. He was also (‘rmxul for Pcﬂhl for eight yam and occupied .1 prominrnt [Haitian in Calcutta. like his forefathers. hesich holding “ninth nthcr public positions.

Among“ the Fret-mam of Bengal. Mr. H..\l. Ruurvmjee's int! n District Grand Secretary of Bengal since i880. iron for him a Very high reputation. which extended to till parts of the British Empire: and in i902. he was honoured with the appointment 0! Put Grand Deacon of the Grand Lodge of England. In r903. he was made a Com nion of the Order of the Indian Empire. His very nxcful career was brought In a sudden end by his nnex~ potted death in I90...

Hi1 eldest son. Mr. R. H. M. Rus- tornjec, then became the head of the family. In '89:. Mr. R. H. N. Rut tornlec was appomted tin Honorary Presidency Magistrate for Calcutta,