FREE BOOKS

Author's List




PREV.   NEXT  
|<   119   120   121   122   123   124   125   126   127   128   129   130   131   132   133   134   135   136   137   138   139   140   141   142   143  
144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166   167   168   >>   >|  
bad harvest, as it is probable that he was formerly accustomed to do. The rates of interest for cash loans afforded a disproportionate profit to the lender, who was put to no substantial expense in keeping money as he had formerly been in the case of grain. It is thus probable that rates for cash loans were for a considerable period unduly severe in proportion to the risk, and involved unmerited loss to the borrower. This is now being remedied by competition, by Government loans given on a large scale in time of scarcity, and by the introduction of co-operative credit. But it has probably contributed to expedite the transfer of land from the cultivating to the moneylending classes. 24. Proprietary and transferable rights in land. Lastly the grant of proprietary and transferable right to land has afforded a new incentive and reward to the successful moneylender. Prior to this measure it is probable that no considerable transfers of land occurred for ordinary debt. The village headman might be ousted for non-payment of revenue, or simply through the greed of some Government official under native rule, and of course the villages were continually pillaged and plundered by their own and hostile armies such as the Pindaris, while the population was periodically decimated by famine. But apart from their losses by famine, war and the badness of the central government, it is probable that the cultivators were held to have a hereditary right to their land, and were not liable to ejectment on the suit of any private person. It is doubtful whether they had any conception of ownership of the land, and it seems likely that they may have thought of it as a god or the property of the god; but the cultivating castes perhaps had a hereditary right to cultivate it, just as the Chamar had a prescriptive right to the hides of the village cattle, the Kalar to the mahua-flowers for making his liquor, the Kumhar to clay for his pots, and the Teli to press the oil-seeds grown in his village. The inferior castes were not allowed to hold land, and it was probably never imagined that the village moneylender should by means of a piece of stamped paper be able to oust the cultivators indebted to him and take their land himself. With the grant of proprietary right to land such as existed in England, and the application of the English law of contract and transfer of property, a new and easy road to wealth was opened to the moneylender, of whi
PREV.   NEXT  
|<   119   120   121   122   123   124   125   126   127   128   129   130   131   132   133   134   135   136   137   138   139   140   141   142   143  
144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166   167   168   >>   >|  



Top keywords:
probable
 

village

 

moneylender

 

Government

 

transferable

 
property
 
considerable
 

castes

 
famine
 

cultivating


afforded

 

hereditary

 
cultivators
 

transfer

 
proprietary
 

thought

 
cultivate
 
ejectment
 

badness

 

central


government

 

losses

 

periodically

 

decimated

 

liable

 

ownership

 

conception

 

private

 

person

 

doubtful


indebted

 
stamped
 

existed

 

wealth

 

opened

 
contract
 

England

 
application
 

English

 
imagined

flowers
 

making

 
liquor
 
Kumhar
 

Chamar

 

prescriptive

 
cattle
 

population

 
inferior
 

allowed