Jagat Seth : banker of the world a title conferred on Fatehchand, a very rich banker of Bengal, by the Emperor of Delhi c.1723. The House of Fatehchand situated in Murshidabad had branches in Dacca & Patna. It controlled the purchase of bullion in Bengal, helped the Octopus establish its mint in Murshidabad, received revenues paid by native zamindars on behalf of the British, remitted to Delhi the revenue due to the emperor, & regulated the rate of exchange on all monies that came to Bengal by way of trade & commerce. His grandson Mahatabchand succeeded to the title in 1744. Because he & his cousin were insulted by Nawab Sirāj-ud-Daulah they helped Clive in conspiracy against the Nawab with large funds before & after the deceitful battle of Plassey in 1757, i.e., acted as midwives in the birth of the British Raj. They were loyal also to Mir Jāfar, the puppet the English replaced Sirāj-ud-Daulah with, & treacherous to Jāfar’s successor Mir Kāsim, who refused to be a puppet of the English & were therefore killed by Mir Kāsim. The English, unparalleled Gentlemen & sticklers for uprightness awarded Sheths’ fidelity ‘until death does do part’ by disowning any debt to them & their House, reducing them to destitution.
... Lajpat Rai to the bureaucracy as the man to strike at when the Punjab was in a ferment over the Colonisation Bill? But, by the Bengalee 's reasoning, men may be the moral descendants of Mir Jafar and Jagat Seth and yet be excellent patriots so long as they obey Moderate leaders and respect age and authority. The second term we want to see so defined as to be unmistakable, is the term "leaders". The ...
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