The jute factories in India have grown at a still speedier rate, and the once flourishing jute trade of Dundee was brought to decay, not only by the high tariffs of continental powers, but also by Indian competition.21 Even woollen mills have lately been started; while the iron industry took a sudden development in India, since the means were found, after many experiments and failures, to work furnaces with local coal. In a few years, we are told by specialists, India will be self-supporting for iron. Nay, it is not without apprehension that the English manufacturers see that the imports of Indian manufactured textiles to this country are steadily growing, while in the markets of the Far East and Africa India becomes a serious competitor to the mother country.
Why should it not be so? What might prevent the growth of Indian manufactures? Is it the want of capital? But capital knows no fatherland; and if high profits can be derived from the work of Indian coolies whose wages are only one-half of those of English workmen, or even less, capital will migrate to India, as it has gone to Russia, although its migration may mean starvation for