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Prafulla Chandra Ray’s Volume 1 of Life and Experiences of a Bengali Chemist gives interesting insight as to how Marwaris got to control business in Bengal. Will give exact quotes, p. 464. Thread:
“Bengali merchants were all-powerful in all cases of important trade such as rice, jute, sugar, salt, etc. But from this date Ralli Bros changed their brokers from a Bengali firm to a Marwari firm. That firm is still carrying on the brokerage business in piecegoods for Ralli Bros
under the able guidance of Sir Hariram Goenka. Now naturally a Marwari firm having secured the brokerage business of a very large firm, that firm as a natural corollary brought in Marwari dealers and ever since that date the Marwaris have gradually driven away Bengalis from all
classes of trade. It is a well-known fact that today nearly 80 per cent of jute shares are held by the Marwaris” P. C. Ray has quoted a “well-informed correspondent in the Statesman (Feb 11, 1931)”.
