Note 230 — Chapter X · ToC

Here Schulze-Gaevernitz appears to strain his argument. Though official reports lay stress upon the silver question as an important factor in the rise of Bombay mills, there seems no doubt of the ability of Bombay cheap labour, independently of this, to undersell English labour for low counts of cotton in Asiatic markets. Brentano in his work, Hours and Wages in Relation to Production, supports Schulze-Gaevernitz.